Integrated Filing — IndAS



General information about company

Scrip Code 500690
NSE Symbol GSFC
MSEI Symbol NOTLISTED
ISIN INE026A01025
Name of company GUJARAT STATE FERTILIZERS & CHEMICALS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 11-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 15-10-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Half Yearly
Reporting Quarter Half yearly
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 11-11-2025   17:20:00
End date and time of board meeting 11-11-2025   18:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 10-02-2025
Indicate Company website link for updated RPT policy of the Company https://www.gsfclimited.com/Content/writereaddata/SEBI/7.%20Policy_on_dealing%20with%20Related_Party_Transactions.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
THE COMPANY HAS NOT TAKEN ANY LOAN OR DEBT SECURITIES AND HENCE THE DISCLOSURE IS NOT APPLICABLE



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 5,31,156.00 5,31,156.00
Other income 18,213.00 18,213.00
Total income 5,49,369.00 5,49,369.00
2 Expenses
(a) Cost of materials consumed 2,56,855.00 2,56,855.00
(b) Purchases of stock-in-trade 93,015.00 93,015.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 3,122.00 3,122.00
(d) Employee benefit expense 36,407.00 36,407.00
(e) Finance costs 933.00 933.00
(f) Depreciation, depletion and amortisation expense 9,792.00 9,792.00
(f) Other Expenses
1 Power & Fuel 44,220.00 44,220.00
2 Other Expenses 44,112.00 44,112.00
Total other expenses 88,332.00 88,332.00
Total expenses 4,88,456.00 4,88,456.00
3 Total profit before exceptional items and tax 60,913.00 60,913.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 60,913.00 60,913.00
6 Tax expense
7 Current tax 12,930.00 12,930.00
8 Deferred tax 1,972.00 1,972.00
9 Total tax expenses 14,902.00 14,902.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 46,011.00 46,011.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 46,011.00 46,011.00
17 Other comprehensive income net of taxes 6,328.00 6,328.00
18 Total Comprehensive Income for the period 52,339.00 52,339.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 7,970.00 7,970.00
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 11.55 11.55
Diluted earnings (loss) per share from continuing operations 11.55 11.55
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 11.55 11.55
Diluted earnings (loss) per share from continuing and discontinued operations 11.55 11.55
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 2,86,550.00
Capital work-in-progress 41,292.00
Investment property 0.00
Goodwill 0.00
Other intangible assets 467.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 5,06,694.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets 8,453.00
Total non-current financial assets 5,15,147.00
Deferred tax assets (net) 0.00
Other non-current assets 34,394.00
Total non-current assets 8,77,850.00
2 Current assets
Inventories 1,45,910.00
Current financial asset
Current investments 0.00
Trade receivables, current 2,18,191.00
Cash and cash equivalents 48,003.00
Bank balance other than cash and cash equivalents 31,322.00
Loans, current 28,559.00
Other current financial assets 72,855.00
Total current financial assets 3,98,930.00
Current tax assets (net) 0.00
Other current assets 34,546.00
Total current assets 5,79,386.00
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 14,57,236.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 7,970.00
Other equity 12,24,930.00
Total equity attributable to owners of parent 12,32,900.00
Non controlling interest
Total equity 12,32,900.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 43.00
Total non-current financial liabilities 43.00
Provisions, non-current 42,190.00
Deferred tax liabilities (net) 48,976.00
Deferred government grants, Non-current 0.00
Other non-current liabilities 0.00
Total non-current liabilities 91,209.00
Current liabilities
Current financial liabilities
Borrowings, current 0.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1,662.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 64,405.00
Total Trade payable 66,067.00
Other current financial liabilities 39,242.00
Total current financial liabilities 1,05,309.00
Other current liabilities 7,740.00
Provisions, current 11,133.00
Current tax liabilities (Net) 8,945.00
Deferred government grants, Current 0.00
Total current liabilities 1,33,127.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 2,24,336.00
Total equity and liabilites 14,57,236.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 FERTILIZER PRODUCTS 4,14,062.00 4,14,062.00
2 INDUSTRIAL PRODUCTS 1,17,094.00 1,17,094.00
Total Segment Revenue 5,31,156.00 5,31,156.00
Less: Inter segment revenue 0.00 0.00
Revenue from operations 5,31,156.00 5,31,156.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 FERTILIZER PRODUCTS 36,187.00 36,187.00
2 INDUSTRIAL PRODUCTS 7,864.00 7,864.00
Total Profit before tax 44,051.00 44,051.00
i. Finance cost 933.00 933.00
ii. Other Unallocable Expenditure net off Unallocable income (17,795.00) (17,795.00)
Profit before tax 60,913.00 60,913.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 FERTILIZER PRODUCTS 5,33,048.00 5,33,048.00
2 INDUSTRIAL PRODUCTS 2,32,790.00 2,32,790.00
Total Segment Asset 7,65,838.00 7,65,838.00
Un-allocable Assets 6,91,398.00 6,91,398.00
Net Segment Asset 14,57,236.00 14,57,236.00
4 Segment Liabilities
Segment Liabilities
1 FERTILIZER PRODUCTS 1,07,308.00 1,07,308.00
2 INDUSTRIAL PRODUCTS 41,609.00 41,609.00
Total Segment Liabilities 1,48,917.00 1,48,917.00
Un-allocable Liabilities 75,419.00 75,419.00
Net Segment Liabilities 2,24,336.00 2,24,336.00
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss (7,386.00) (7,386.00)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 1,058.00 1,058.00
5 Total Other comprehensive income 6,328.00 6,328.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax
Adjustments for reconcile profit (loss)
Adjustments for finance costs 654.00
Adjustments for decrease (increase) in inventories (5,825.00)
Adjustments for decrease (increase) in trade receivables, current 991.00
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 1,862.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 9,940.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 38.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (38.00)
Adjustments for dividend income 10,624.00
Adjustments for interest income 5,675.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) (231.00)
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (8,908.00)
Net cash flows from (used in) operations 52,005.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 7,040.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 44,965.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 21,908.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 10,624.00
Interest received 10,905.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (379.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 0.00
Payments of lease liabilities 0.00
Dividends paid 19,775.00
Interest paid 654.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (20,429.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 24,157.00
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 24,157.00
Cash and cash equivalents cash flow statement at beginning of period 23,846.00
Cash and cash equivalents cash flow statement at end of period 48,003.00





Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 GSFC LTD GSFC Agrotech Limited Subsidiary Purchase of goods or services 2,50,000.00 approved 12,600.00 0.00 0.00
2 GSFC LTD GSFC Agrotech Limited Subsidiary Sale of goods or services 45,00,000.00 approved 13,04,800.00 0.00 0.00
3 GSFC LTD GSFC Agrotech Limited Subsidiary Any other transaction Reimbursement of expenses 20,000.00 approved 4,500.00 0.00 0.00
4 GSFC LTD GSFC Agrotech Limited Subsidiary Any other transaction Expenses Recovered 80,000.00 approved 9,900.00 0.00 0.00
5 GSFC LTD Vadodara Enviro Channel Ltd. Associate Purchase of goods or services 80,000.00 approved 34,500.00 0.00 0.00
6 GSFC LTD Gujarat Green Revolution Company Associate Any other transaction Expenses Recovered 40,000.00 approved 7,200.00 0.00 0.00
7 GSFC LTD Gujarat Green Revolution Company Associate Dividend received approved 1,300.00 0.00 0.00
8 GSFC LTD Karnalyte Resources Inc. Associate Any other transaction Expenses Recovered 3,100.00 approved 800.00 0.00 0.00
9 GSFC LTD S K Bajpai - Sr. VP (Finance) & CFO Key Management Personnel Remuneration approved 5,177.00 0.00 0.00
10 GSFC LTD S K Bajpai - Sr. VP (Finance) & CFO Key Management Personnel Interest received 200.00 approved 100.00 0.00 0.00
11 GSFC LTD Nidhi Pillai - COMPANY SECRETARY & VP (LEGAL) Key Management Personnel Remuneration approved 2,518.00 0.00 0.00
12 GSFC LTD Kamal Dayani - Managing Director Key Management Personnel Remuneration approved 130.00 0.00 0.00
13 GSFC LTD Directors Key Management Personnel Any other transaction Sitting Fees approved 700.00 0.00 0.00
14 GSFC LTD Tunisian Indian Fertilizer Company (TIFERT) Other related party Advance 8,70,000.00 approved 5,04,100.00 0.00 0.00
15 GSFC LTD Gujarat State Petronet Ltd Other related party Purchase of goods or services 30,000.00 approved 10,200.00 0.00 0.00
16 GSFC LTD Gujarat Gas Ltd. Other related party Sale of goods or services 6,500.00 approved 100.00 0.00 0.00
17 GSFC LTD Gujarat Gas Ltd. Other related party Dividend received approved 1,73,000.00 0.00 0.00
18 GSFC LTD The Fertilizer Association of India Other related party Any other transaction Fees for Service 4,000.00 approved 700.00 0.00 0.00
19 GSFC LTD Gujarat Narmada Valley Fertilizers Company Limited Other related party Sale of goods or services 10,00,000.00 approved 2,10,400.00 0.00 0.00
20 GSFC LTD Gujarat Narmada Valley Fertilizers Company Limited Other related party Dividend received approved 5,25,300.00 0.00 0.00
21 GSFC LTD Gujarat Industries Power Company Limited. Other related party Dividend received approved 99,600.00 0.00 0.00
22 GSFC LTD Gujarat State Petroleum Corporation Ltd. Other related party Purchase of goods or services 35,00,000.00 approved 7,37,400.00 0.00 0.00
23 GSFC LTD Gujarat State Petroleum Corporation Ltd. Other related party Any other transaction Fees for Service 500.00 approved 100.00 0.00 0.00
24 GSFC LTD Indian Potash Limited Other related party Dividend received approved 45,000.00 0.00 0.00
25 GSFC LTD Various Employee’s Retiral Funds Retiral Funds Any other transaction Employer's contribution 28,02,000.00 approved 7,04,800.00 0.00 0.00
26 GSFC LTD Gujarat Chemical Port Limited Other related party Dividend received approved 88,300.00 0.00 0.00
27 GSFC Agrotech Limited Gujarat Green Revolution Company Associate Company of Holding Company Sale of goods or services 50,000.00 approved 11,500.00 0.00 0.00
28 GSFC Agrotech Limited Gujarat Narmada Valley Fertilizers Company Limited Related Party of Holding Company Purchase of goods or services 2,00,000.00 approved 4,800.00 0.00 0.00
29 GSFC Agrotech Limited Gujarat Narmada Valley Fertilizers Company Limited Related Party of Holding Company Sale of goods or services 50,000.00 approved 1,900.00 0.00 0.00
30 GSFC Agrotech Limited Indian Potash Limited Related Party of Holding Company Purchase of goods or services 5,00,000.00 approved 2,37,700.00 0.00 0.00
31 GSFC Agrotech Limited D. D. Bhalgamiya, CFO Key Management Personnel Remuneration approved 355.00 0.00 0.00
32 GSFC Agrotech Limited Purvi Dani, CS Key Management Personnel Remuneration approved 283.00 0.00 0.00
33 GSFC Agrotech Limited M.P.Punwar, CEO Key Management Personnel Remuneration approved 428.00 0.00 0.00
34 GSFC Agrotech Limited GSFC Science Foundation Other Related Party Any other transaction Expenses Recovered 3,000.00 approved 500.00 0.00 0.00
35 GSFC LTD Gujarat Alkalies and chemicals Limited Other Related Party Purchase of goods or services 3,50,000.00 approved 93,700.00 0.00 0.00
36 GSFC LTD Gujarat Alkalies and chemicals Limited Other Related Party Dividend received approved 26,100.00 0.00 0.00
37 GSFC LTD Gujarat Alkalies and chemicals Limited Other Related Party Any other transaction Expenses Recovered 3,000.00 approved 949.00 0.00 0.00
38 GSFC LTD Gujarat Alkalies and chemicals Limited Other Related Party Sale of goods or services approved 583.00 0.00 0.00
Total value of transaction during the reporting period 48,62,023.00