Gujarat State Fertilizers & Chemicals (500690) Q1 23/24 earnings summary

Executive summary

• Q1 FY24 standalone revenue was ₹2,03,153 lakh and net profit ₹10,625 lakh; consolidated revenue was ₹2,06,292 lakh and net profit ₹11,246 lakh, all below Q1 FY23.

• Total comprehensive income turned positive at ₹44,212 lakh standalone and ₹44,834 lakh consolidated, versus losses in Q1 FY23.

Financial highlights

• Standalone total income was ₹2,08,027 lakh and expenses ₹1,93,998 lakh; consolidated total income was ₹2,11,182 lakh and expenses ₹1,96,758 lakh.

• Operating EBITDA, excluding other income, was ₹138 crore versus ₹536 crore in Q1 FY23.

• Standalone PBT was ₹14,029 lakh versus ₹51,856 lakh; consolidated PBT was ₹14,647 lakh versus ₹50,884 lakh.

• Standalone net profit was ₹10,625 lakh versus ₹35,583 lakh; consolidated net profit was ₹11,246 lakh versus ₹34,581 lakh.

• Total comprehensive income was ₹44,212 lakh standalone and ₹44,834 lakh consolidated, versus losses of ₹76,345 lakh and ₹77,347 lakh, respectively.

Segment performance

• Standalone fertilizer revenue was ₹1,49,291 lakh and industrial products revenue ₹53,862 lakh, versus ₹2,32,256 lakh and ₹73,883 lakh in Q1 FY23.

• Segment results before tax and finance costs were ₹10,016 lakh for fertilizers and ₹943 lakh for industrial products standalone; consolidated results were ₹10,637 lakh and ₹943 lakh.