Gujarat State Fertilizers & Chemicals Limited has informed the Exchange about Investor Presentation
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GSFC shared its Q4 FY 2024-25 investor presentation ahead of a meeting on 25th June 2025. The company reported full-year operating revenue of ₹5,690 Cr (up from ₹5,399 Cr in FY23-24), with PAT rising to ₹573 Cr from ₹524 Cr and EPS at ₹14.38 vs ₹13.16. Operating EBITDA improved sharply to ₹629 Cr from ₹482 Cr, helped by record-high production of APS (6.29 lakh MT) and AS (5.26 lakh MT) over the past five years. Fertilizer revenue grew 9% YoY. However, management flagged concerns including sharp cuts in P&K subsidy rates (AS -28%, DAP -17%, APS -19%) and a declining Capro-Benzene spread ($693/MT to $578/MT), which hurt industrial chemicals margins. The company also outlined expansion projects spanning FY25-26 to FY27-28, including a 15 MW solar project, Urea-II revamp, and new sulphuric and phosphoric acid plants.
Mixed signals for shareholders — strong EBITDA and volume growth in fertilizers is encouraging, but ongoing subsidy cuts and weakening Capro-Benzene spreads signal continued margin pressure in the industrial chemicals segment. The expansion pipeline is positive for long-term growth, but near-term profitability will depend on government subsidy policy and global chemical spreads.