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-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 20-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 24-Apr-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 20-May-2025   15:00:00
End date and time of board meeting 20-May-2025   16:30:00
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 Declaration of unmodified opinion
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 2025-02-10
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 loans or issued any debt securities. Therefore, the disclosure requirement is not applicable to the Company



Financial Results Ind-AS

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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 19067100000 94287100000
Other income 559500000 3129500000
Total income 19626600000 97416600000
2 Expenses
(a) Cost of materials consumed 10201000000 49965700000
(b) Purchases of stock-in-trade 1779700000 11071900000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -614800000 -826200000
(d) Employee benefit expense 2197300000 8028800000
(e) Finance costs 40600000 100900000
(f) Depreciation, depletion and amortisation expense 480200000 1915700000
(f) Other Expenses
1 Power and Fuel 1914000000 10258400000
2 Other expenses 2855900000 9499600000
Total other expenses 4769900000 19758000000
Total expenses 18853900000 90014800000
3 Total profit before exceptional items and tax 772700000 7401800000
4 Exceptional items 0 0
5 Total profit before tax 772700000 7401800000
6 Tax expense
7 Current tax 349800000 1159600000
8 Deferred tax -161100000 510400000
9 Total tax expenses 188700000 1670000000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 584000000 5731800000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 584000000 5731800000
17 Other comprehensive income net of taxes -6928800000 -10198700000
18 Total Comprehensive Income for the period -6344800000 -4466900000
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 796955000 796955000
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 119251400000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.46 14.38
Diluted earnings (loss) per share from continuing operations 1.46 14.38
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 1.46 14.38
Diluted earnings (loss) per share from continuing and discontinued operations 1.46 14.38
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 24952000000
Capital work-in-progress 6895600000
Investment property 0
Goodwill 0
Other intangible assets 43800000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 49931000000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 869600000
Total non-current financial assets 50800600000
Deferred tax assets (net) 0
Other non-current assets 3740700000
Total non-current assets 86432700000
2 Current assets
Inventories 14008400000
Current financial asset
Current investments 0
Trade receivables, current 16628400000
Cash and cash equivalents 2384600000
Bank balance other than cash and cash equivalents 16191800000
Loans, current 2835600000
Other current financial assets 781700000
Total current financial assets 38822100000
Current tax assets (net) 0
Other current assets 2689800000
Total current assets 55520300000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 141953000000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 797000000
Other equity 119251400000
Total equity attributable to owners of parent 120048400000
Non controlling interest
Total equity 120048400000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 6700000
Total non-current financial liabilities 6700000
Provisions, non-current 4565900000
Deferred tax liabilities (net) 4594500000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 9167100000
Current liabilities
Current financial liabilities
Borrowings, current 0
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 333400000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 6186500000
Total Trade payable 6519900000
Other current financial liabilities 4290700000
Total current financial liabilities 10810600000
Other current liabilities 500600000
Provisions, current 1113400000
Current tax liabilities (Net) 312900000
Deferred government grants, Current 0
Total current liabilities 12737500000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 21904600000
Total equity and liabilites 141953000000
Disclosure of notes on assets and liabilities



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

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-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 FERTILIZER PRODUCTS 13836200000 72266100000
2 INDUSTRIAL PRODUCTS 5230900000 22021000000
Total Segment Revenue 19067100000 94287100000
Less: Inter segment revenue 0 0
Revenue from operations 19067100000 94287100000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 FERTILIZER PRODUCTS -397400000 4297100000
2 INDUSTRIAL PRODUCTS 974300000 560100000
Total Profit before tax 576900000 4857200000
i. Finance cost 40600000 40600000
ii. Other Unallocable Expenditure net off Unallocable income -236400000 -236400000
Profit before tax 772700000 7401800000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 FERTILIZER PRODUCTS 40340100000 40340100000
2 INDUSTRIAL PRODUCTS 19876500000 19876500000
Total Segment Asset 60216600000 60216600000
Un-allocable Assets 81736400000 81736400000
Net Segment Asset 141953000000 141953000000
4 Segment Liabilities
Segment Liabilities
1 FERTILIZER PRODUCTS 10096400000 10096400000
2 INDUSTRIAL PRODUCTS 4707400000 4707400000
Total Segment Liabilities 14803800000 14803800000
Un-allocable Liabilities 7100800000 7100800000
Net Segment Liabilities 21904600000 21904600000
Disclosure of notes on segments



Other Comprehensive Income

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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
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
1 Amount of items that will not be reclassified to profit and loss -8163400000 -10645400000
Total Amount of items that will not be reclassified to profit and loss -8163400000 -10645400000
2 Income tax relating to items that will not be reclassified to profit or loss -1234600000 -446700000
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 0 0
5 Total Other comprehensive income -6928800000 -10198700000



Cash flow statement, indirect

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 2024-04-01
B Date of end of reporting period 2025-03-31
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 7401800000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 55700000
Adjustments for decrease (increase) in inventories -1951000000
Adjustments for decrease (increase) in trade receivables, current -303200000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -3271300000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 1945500000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 51200000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 9400000
Adjustments for dividend income 968100000
Adjustments for interest income 1547400000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 115900000
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -5863300000
Net cash flows from (used in) operations 1538500000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 800100000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 738400000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 594000000
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 3714400000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 968200000
Interest received 1546700000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -1793500000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 25000000
Payments of lease liabilities 14200000
Dividends paid 1588800000
Interest paid 55600000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -1683600000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -2738700000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -2738700000
Cash and cash equivalents cash flow statement at beginning of period 5123300000
Cash and cash equivalents cash flow statement at end of period 2384600000







Details of Impact of Audit Qualification

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Parikh Mehta & Associates Yes 31-May-2025


Financial details

Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income
2 Total Expenditure
3 Net Profit/(Loss)
4 Earnings Per Share
5 Total Assets
6 Total Liabilities
7 Net Worth




Signatories detail

Name of CEO / Managing director
Name of CFO
Name of audit committee chairman
Name of statutory auditor
Name of other signatory, if any, with designation
Place
Date



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 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 300000000 NIL 87800000 0 0
2 GSFC LTD GSFC Agrotech Limited Subsidiary Sale of goods or services 5500000000 NIL 1057528000 0 0
3 GSFC LTD GSFC Agrotech Limited Subsidiary Any other transaction Reimbursement of expenses 30000000 NIL 4641000 0 0
4 GSFC LTD GSFC Agrotech Limited Subsidiary Any other transaction Expenses Recovered 80000000 NIL 21605000 0 0
5 GSFC LTD Vadodara Jal Sanchay Private Limited Subsidiary Investment 213000000 NIL 144000000 0 0
6 GSFC LTD Vadodara Enviro Channel Ltd. Associate Purchase of goods or services 80000000 NIL 16827000 0 0
7 GSFC LTD Gujarat Green Revolution Company Associate Any other transaction Expenses Recovered 40000000 NIL 11043000 0 0
8 GSFC LTD Karnalyte Resources Inc. Associate Any other transaction Expenses Recovered 4500000 NIL 2186000 0 0
9 GSFC LTD S K Bajpai - Sr. VP (Finance) & CFO Key Management Personnel Remuneration 11400000 NIL 5800000 0 0
10 GSFC LTD S K Bajpai - Sr. VP (Finance) & CFO Key Management Personnel Interest received 150000 NIL 109000 0 0
11 GSFC LTD Nidhi Pillai - COMPANY SECRETARY & VP (LEGAL) Key Management Personnel Remuneration 10000000 NIL 3135000 0 0
12 GSFC LTD Directors Key Management Personnel Any other transaction Sitting Fees 2000000 NIL 823000 0 0
13 GSFC LTD Gujarat Alkalies and chemicals Limited Other related party Purchase of goods or services 400000000 NIL 112257000 0 0
14 GSFC LTD Gujarat Alkalies and chemicals Limited Other related party Any other transaction Expenses Recovered 3000000 NIL 1925000 0 0
15 GSFC LTD Tunisian Indian Fertilizer Company (TIFERT) Other related party Advance 850000000 NIL 504090000 0 0
16 GSFC LTD Tunisian Indian Fertilizer Company (TIFERT) Other related party Purchase of goods or services 5850000000 NIL 693297000 0 0
17 GSFC LTD Gujarat State Petronet Ltd Other related party Purchase of goods or services 25000000 NIL 10632000 0 0
18 GSFC LTD Gujarat Industries Power Company Limited Other related party Investment 500000000 NIL 450000000 0 0
19 GSFC LTD The Fertilizer Association of India Other related party Any other transaction Fees for Service 4000000 NIL 1163000 0 0
20 GSFC LTD Gujarat Narmada Valley Fertilizers Company Limited Other related party Sale of goods or services 85000000 NIL 28242000 0 0
21 GSFC LTD Gujarat State Petroleum Corporation Ltd. Other related party Purchase of goods or services 9794000000 NIL 1470582000 0 0
22 GSFC LTD GSFC Education Society Other related party Any other transaction Donation Granted 150000000 NIL 40100000 0 0
23 GSFC LTD Various Employee’s Retiral Funds Retiral Funds Any other transaction Employer's contribution 12278300000 NIL 635014000 0 0
24 GSFC LTD GSFC Science Foundation Other related party Any other transaction Expenses Recovered 100000 NIL 26000 0 0
25 GSFC Agrotech Limited Gujarat Green Revolution Company Associate Company of Holding Company Sale of goods or services 55000000 NIL 21088000 0 0
26 GSFC Agrotech Limited Gujarat Narmada Valley Fertilizers Company Limited Related Party of Holding Company Purchase of goods or services 150000000 NIL 8404000 0 0
27 GSFC Agrotech Limited Gujarat Narmada Valley Fertilizers Company Limited Related Party of Holding Company Sale of goods or services 50000000 NIL 2963000 0 0
28 GSFC Agrotech Limited Indian Potash Limited Related Party of Holding Company Purchase of goods or services 580000000 NIL 147182000 0 0
29 GSFC Agrotech Limited M.P.Punwar, CEO Key Management Personnel Remuneration 4000000 NIL 433000 0 0
30 GSFC Agrotech Limited D. D. Bhalgamiya, CFO Key Management Personnel Remuneration 2500000 nil 675000 0 0
31 GSFC Agrotech Limited Purvi Dani, CS Key Management Personnel Remuneration 1500000 nil 401000 0 0
32 GSFC Agrotech Limited GSFC Education Society Other Related Party Any other transaction Donation Granted 5000000 nil 1041000 0 0
33 GSFC Agrotech Limited GSFC Science Foundation Other Related Party Any other transaction Expenses Recovered 4000000 nil 571000 0 0
34 Vadodara Jal Sanchay Private Limited Gujarat Alkalies and Chemicals Limited Related Party of Holding Company Investment 53300000 nil 36000000 0 0
35 Vadodara Jal Sanchay Private Limited Gujarat Industries Power Company Limited. Related Party of Holding Company Investment 53300000 nil 36000000 0 0
Total value of transaction during the reporting period 5557583000





Format for Disclosing Outstanding Default on Loans and Debt Securities

Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
3. Total financial indebtedness of the listed entity including short-term and long-term debt