GSFC Ends FY26 On A Stable Note, Proposes ₹5 Dividend Per Share

Ashik Bothra May 22, 2026 270 Views

Gujarat State Fertilizers & Chemicals Ltd (GSFC) has reported a steady close to FY26 with a March-quarter consolidated revenue from operations of ₹26.33 billion and consolidated net profit of ₹521 million. Alongside its results, the board has recommended a dividend of ₹5 per equity share for the financial year ended March 31, 2026, subject to shareholder approval.

The integrated fertiliser and chemical player continues to navigate a volatile commodity and input-cost environment while maintaining profitability and shareholder payouts. The March-quarter performance reflects a combination of stable fertiliser demand and a diversified contribution from its industrial chemicals and caprolactam businesses, even as sector margins remain cyclical and sensitive to global price movements.

Quarterly Performance Snapshot

In Q4 FY26, GSFC delivered consolidated revenue of ₹26.33 billion, indicating sustained scale across its fertiliser and industrial product portfolio. A consolidated net profit of ₹521 million underscores that, despite pressure on spreads in parts of the fertiliser value chain, the company remains in the black and is able to generate sufficient earnings to support both reinvestment and dividends.

Dividend Recommendation For FY26

The board has recommended a dividend of ₹5 per equity share for FY26. For long-term shareholders, this payout underlines the company’s consistent capital-return philosophy and confidence in its balance sheet. The dividend will become payable post approval at the Annual General Meeting and will accrue to investors on the record date to be announced in due course.

Business Context And Outlook

GSFC’s diversified mix spanning complex fertilisers, caprolactam, melamine and industrial chemicals provides some insulation against pure-play fertiliser downcycles. Looking ahead, investors will track how the company manages gas and raw material costs, sustains volumes in both agri and industrial segments, and drives efficiency through ongoing modernisation at its facilities. Any improvement in global chemical pricing and domestic agri demand could further support margins.

Key Highlights

GSFC Q4 FY26 consolidated revenue from operations: ₹26.33 billion
GSFC Q4 FY26 consolidated net profit: ₹521 million
Board recommends dividend of ₹5 per equity share for FY26
Dividend subject to shareholder nod at the upcoming AGM
Diversified fertiliser and chemicals portfolio remains central to GSFC’s earnings and risk profile