GSFC Delivers the Goods: Q4 Profit Surge and ₹5 Dividend Set Market Abuzz

Image Source: GSFC

Gujarat State Fertilizers & Chemicals Ltd (GSFC) concluded the March 2024 quarter on a strong note, declaring a healthy dividend and cementing its position in the fertilizers and chemicals industry.

Major Highlights:

Dividend Boost: The board has approved a dividend of ₹5 per equity share for FY24, rewarding shareholders and indicating the strong cash balance of the company as well as its strong record of payouts.
Revenue Resilience: GSFC had consolidated revenue from operations of ₹1,922 crore in the March quarter, with consistent top-line growth amidst industry pressures and volatile input prices.
Profitability Surge: Consolidated net profit for the quarter was ₹716.8 million (₹71.68 crore), reflecting operating efficiency and judicious cost control. Although lower than some other quarters, this reinforces GSFC's capacity to deliver profits in a tough market.
Financial Wellness: GSFC's operating revenue for the year ended at ₹8,925 crore, with a net profit of ₹524.3 crore, reflecting year-on-year stability despite the industry grappling with uncertainty in raw material prices as well as demand cycles.
Dividend Payout History: GSFC follows the tradition of giving back to investors, evidenced in a stable dividend payment over recent history and a dividend yield in excess of 2% based on current share prices.
Market Position: The firm continues to be a major player in India's agri-inputs and chemicals sector, riding its integrated operations and diversified product basket to achieve consistent growth.