Gujarat State Fertilizers & Chemicals (500690) Q3 23/24 earnings summary

Executive summary

• Q3 FY24 standalone revenue was Rs 194,349 lakh vs Rs 342,113 lakh YoY; consolidated revenue was Rs 200,775 lakh vs Rs 347,899 lakh.

• Q3 FY24 standalone net profit was Rs 11,212 lakh vs Rs 40,752 lakh YoY; consolidated net profit was Rs 11,799 lakh vs Rs 40,993 lakh.

Financial highlights

• 9M FY24 standalone revenue was Rs 699,239 lakh vs Rs 888,784 lakh; consolidated revenue was Rs 718,939 lakh vs Rs 898,482 lakh.

• 9M FY24 standalone net profit was Rs 50,320 lakh vs Rs 105,259 lakh; consolidated net profit was Rs 53,936 lakh vs Rs 104,101 lakh.

• Q3 basic and diluted EPS was Rs 2.82 standalone vs Rs 10.23 YoY, and Rs 2.97 consolidated vs Rs 10.28; EPS is not annualised.

Segment performance

• Q3 standalone fertilizer revenue was Rs 140,679 lakh vs Rs 288,061 lakh YoY; industrial products revenue was Rs 53,670 lakh vs Rs 54,052 lakh.

• Q3 standalone fertilizer segment profit was Rs 11,204 lakh vs Rs 29,293 lakh; industrial products reported a Rs 2,915 lakh loss vs Rs 998 lakh profit.

• Q3 consolidated fertilizer segment profit was Rs 11,804 lakh vs Rs 29,605 lakh; industrial products reported a Rs 3,787 lakh loss vs Rs 517 lakh profit.

• Q3 fertilizer production was 332,295 MT vs 372,596 MT YoY, and gross sales were 317,145 MT vs 349,181 MT.

• Q3 major industrial products production was 39,043 MT vs 38,633 MT YoY, and gross sales were 34,884 MT vs 32,907 MT.