Gujarat State Fertilizers & Chemicals Ltd
Gujarat State Fertilizers & Chemicals Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Q3 is traditionally a good season for fertilizers due to the Rabi crop; Q4 is lean. Q2 FY26 marked the best quarterly performance, and profitability is expected to continue into future quarters due to cost optimization and operational efficiencies (Page 14).
From Gujarat State Fertilizers & Chemicals Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Q3 is traditionally a good season for fertilizers due to the Rabi crop; Q4 is lean. (Page 19)
- Q2 and Q3 sales expected to be in line, dependent on fertilizer availability and imports. (Page 19)
- Healthy demand for agri imports anticipated for the upcoming quarter supported by favorable monsoon and MSP increases. (Page 6)
- Company expects sales for Q3 in the range of 5.5 to 6 lakhs tons, including trading volumes. (Page 9)
- No major issues anticipated in fertilizer availability for Rabi season due to timely government imports of DAP and urea. (Page 19)
- Sulfuric Acid V project commissioning expected to improve production capacity and cost efficiency from Q3 onward. (Page 5, 18)
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Profitability & Margins
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Capital Expenditure Plans
- The major ongoing capital project is the Sulfuric Acid V project at the Vadodara complex, slated to be commissioned within the next month (Q3 FY26).
- This project will add around 198,000 tons capacity of sulfuric acid, supporting fertilizer production (Ammonium Sulphate and Ammonium Phosphate Sulphate) and providing steam for the Vadodara plant.
- There is a plan to expand the Sikka unit with an additional facility to produce NPK grade fertilizers; currently, the related capex is minimal with no major capitalizations expected soon.
- Current capital work-in-progress stands at around Rs. 413 crores, mostly attributed to the Sulfuric Acid V project.
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Top-ranked in Fertilizers & Agrochemicals
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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Gujarat State Fertilizers & Chemicals Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹2.6K Cr, net profit ₹52 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Gujarat State Fertilizers & Chemicals Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q2 FY24 earnings call →
- Q4 FY23 earnings call →
- Q2 FY23 earnings call →
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- Sumitomo Chemi. (Q2 FY26)
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Crop Protection and Speciality Nutrients show strong traction with a 28-29% year-on-year revenue growth and 37% growth in contribution margins; 22 new products…
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Frequently Asked Questions
What were Gujarat State Fertilizers & Chemicals Ltd Q2 FY26 results?
Q3 is traditionally a good season for fertilizers due to the Rabi crop; Q4 is lean. Q2 FY26 marked the best quarterly performance, and profitability is expected to continue into future quarters due to cost optimization and operational efficiencies (Page 14).
What is Gujarat State Fertilizers & Chemicals Ltd share price analysis?
Gujarat State Fertilizers & Chemicals Ltd currently shows a neutral. The stock trades at a P/E of 8.5 with a market cap of ₹5,916 Cr. Investors should review the full earnings analysis for detailed insights.
Is Gujarat State Fertilizers & Chemicals Ltd planning capital expenditure?
The major ongoing capital project is the Sulfuric Acid V project at the Vadodara complex, slated to be commissioned within the next month (Q3 FY26).
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.