GSP Crop Science Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
GSPCROP · price
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GSP Crop Science reported standalone revenue of Rs 16,059 million for FY26, up 14% from Rs 14,087 million in FY25. Consolidated PAT grew 15.3% to Rs 947 million from Rs 821 million. The company completed its IPO on March 24, 2026, raising Rs 2,400 million through fresh issue of 75 lakh shares at Rs 320 each, with net proceeds of Rs 2,203 million. Of the IPO proceeds, Rs 965 million was used for debt repayment (Rs 1,560 million planned) and Rs 108 million for general corporate purposes, leaving Rs 1,131 million unutilized. The board recommended a dividend of Rs 1 per share (10%). CFO change was announced: Mr. Shail Shah stepped down, with Mr. Pranav Chitre appointed from June 1, 2026. Auditors gave clean (unmodified) opinion on both standalone and consolidated results.
Strong financial performance with ~15% PAT growth, successful IPO providing Rs 2.2 billion for debt reduction and growth, and clean audit results are positive for shareholders. The unutilized IPO proceeds and new CFO appointment warrant monitoring.