GSFCL Q2 net falls 33% to Rs 101.34 cr

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26 Aug, 2025 12:21

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Gujarat State Fertiliser and Chemicals Ltd (GSFCL) today reported a 33 percent drop in net profit at Rs 101.34 crore for the second quarter ended on September 30 due to higher expenses and finance cost. The company had posted net profit of Rs 150.46 crore in the July-September quarter of the 2012-13 fiscal. Total income of the company during the second quarter marginally increased to Rs 1,418.02 crore, from Rs 1,416.02 crore in the year-ago period, the company said in a filing to the BSE.

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The company's total expenses rose to Rs 1,301.78 crore in the period under review compared to Rs 1,247.25 crore in the corresponding period last year. Besides, finance cost rose by almost four times to Rs 12.33 crore from Rs 3.24 crore. The Gujarat government owned GSFCL has a product mix ranging from more than 24 brands of fertilisers to petrochemicals, chemicals, industrial gases, plastics, fibers and other products.

GSFCL's joint venture manufacturing plant of Phosphoric Acid in Tunisia had become operational during the first quarter. Shares of the company today fell by 0.18 per cent to end at Rs 54 apiece on BSE today.