GSFC Q3 FY26 results: revenue rises to Rs 2,997 crore

Gujarat State Fertilizers & Chemicals Limited (GSFC) reported earnings for the third quarter and nine months ended December 31, 2025, showing year-on-year growth across sales, revenue, and net income. The update matters because it gives investors a fresh read on operating momentum during the year and how profit growth is tracking alongside topline expansion.

All large value figures below are presented in Rs crore for consistency.

Key takeaways from the update

For the quarter ended December 31, 2025, GSFC reported higher sales and revenue compared with the same period last year, and net income also increased. Earnings per share improved on both a basic and diluted basis from continuing operations.

For the nine months ended December 31, 2025, the company again reported higher sales, revenue, and net income year-on-year. Basic earnings per share from continuing operations rose as well, indicating that profit growth translated into higher per-share earnings during the period.

Q3 FY26 performance: sales and revenue move up

In the third quarter ended December 31, 2025, GSFC reported sales of Rs 2,941.05 crore, up from Rs 2,814.07 crore a year ago. Revenue came in at Rs 2,997.25 crore compared with Rs 2,870.00 crore in the year-ago quarter.

Net income for the quarter was reported at Rs 158.06 crore, versus Rs 133.85 crore in the same quarter last year. The combination of higher revenue and higher net income suggests the quarter delivered improved financial outcomes compared to the comparable period.

The update also disclosed that basic earnings per share from continuing operations was Rs 3.97, up from Rs 3.36 a year ago. Diluted earnings per share from continuing operations was also Rs 3.97, compared with Rs 3.36 in the prior-year quarter.

Nine-month FY26 results: growth across key lines

For the nine months ended December 31, 2025, GSFC reported sales of Rs 8,312.83 crore, up from Rs 7,611.77 crore a year ago. Revenue for the period was Rs 8,553.75 crore, compared with Rs 7,869.79 crore in the year-ago period.

Net income for the nine months was Rs 620.68 crore, up from Rs 519.37 crore last year. Basic earnings per share from continuing operations was Rs 15.58 compared with Rs 13.03 a year ago.

The nine-month numbers are useful for readers tracking whether quarterly performance is part of a broader, consistent trend over the year-to-date period.

Profitability and per-share earnings

The company’s reported net income rose on both the quarterly and nine-month basis, alongside higher revenue. While the earnings release provides the profit numbers and EPS, it does not, in the provided information, break down drivers such as segment performance, volume, pricing, raw material costs, or one-off items.

Still, the higher EPS figures show that the improvement in reported profitability translated into better per-share earnings from continuing operations for shareholders.

Audit context from GSFC’s standalone financial statements

Separately, the provided material includes an audit opinion on GSFC’s standalone financial statements for the year ended March 31, 2025. The auditors stated that the standalone financial statements give the information required by the Companies Act, 2013, and give a true and fair view in conformity with Ind AS and other accounting principles generally accepted in India.

Such disclosures typically matter to investors because they indicate whether auditors raised qualifications or not. In the text provided, the opinion is presented as unmodified.

FY25 financial highlights disclosed in the Board’s report

GSFC’s Board’s report for the financial year ended March 31, 2025 also lists key financial highlights.

On a standalone basis, the company reported gross sales of Rs 9,428.71 crore for FY25 versus Rs 8,932.12 crore in FY24, and total revenue of Rs 9,741.65 crore versus Rs 9,308.29 crore. Standalone operating profit was reported at Rs 941.83 crore for FY25 versus Rs 858.59 crore in FY24.

In the narrative portion of the report, the company also stated that standalone profit before tax was Rs 740 crore and net profit was Rs 573 crore for FY25, compared with profit before tax of Rs 664 crore and net profit of Rs 524 crore for the previous year.

Dividend and equity base details

The Board’s report mentions a final dividend of Rs 4 per share on 39,84,77,530 equity shares of face value Rs 2 each for the financial year ended March 31, 2025, subject to shareholder approval. The total outgo on account of the final dividend, if approved, was stated as Rs 199.24 crore.

The report also notes that the paid-up equity share capital as on March 31, 2025 was Rs 79,69,55,060 (about Rs 79.70 crore).

Quarterly trend snapshot from the results page

The provided “Quarterly Results” snapshot shows selected line items (in Rs crore) across multiple quarters. It lists total income of Rs 2,211.45 crore, EBIT of Rs 193.13 crore, and reported PAT of Rs 140.03 crore for one quarter in the table. It also shows, for the same quarter sequence, net sales turnover, other income, total income, EBIT, and reported PAT across Jun’25, Mar’25, Dec’24, Sep’24, and Jun’24.

In another data snippet included with the material, revenue is stated at Rs 2,184.41 crore with a quarter-on-quarter increase of 13.64% from Rs 1,922.19 crore and year-on-year growth of 1.01%. The same snippet reports operating profit of Rs 54.31 crore (QoQ decrease of 16.36%), profit before tax of Rs 184.49 crore (QoQ increase of 108.06%), and net profit of Rs 138.55 crore (QoQ increase of 93.29%) along with the stated year-on-year percentage changes.

Data table: Q3 and nine-month comparison (ended Dec 31, 2025)

Quarterly results table snapshot (Rs crore)

Market impact: what these numbers signal

GSFC’s year-on-year increase in Q3 revenue and net income, along with improved EPS, provides a positive data point for investors tracking operating performance through FY26. The nine-month numbers reinforce that the year-to-date trend is also higher compared with the previous year.

At the same time, the information provided does not include management commentary, segment-wise performance, or detailed cost movements for the quarter ended December 31, 2025. As a result, readers should treat the update as a financial snapshot rather than a full operating review.

What to watch next

Investors typically look for subsequent disclosures that add detail to the headline numbers, such as notes on product mix, input costs, realizations, and any operational updates. Separately, GSFC’s Board’s report indicates the final dividend for FY25 is subject to shareholder approval at the company’s annual general meeting.