Gujarat State Fertilizers & Chemicals (500690) Q4 24/25 earnings summary

Executive summary

• FY25 total revenue was ₹9,742 crore, PAT ₹573 crore and operating EBITDA ₹629 crore; fertilizer sales volume rose to 19.88 lakh MT from 19.09 lakh MT.

• FY25 revenue and net profit increased YoY on standalone and consolidated bases; Q4 profit increased YoY but was below Q3.

• A ₹5 per share dividend, equal to 250% of face value, was recommended subject to shareholder approval.

Financial highlights

• FY25 standalone revenue was ₹9,428.71 crore and net profit ₹573.18 crore; consolidated revenue was ₹9,533.96 crore and net profit ₹591.16 crore.

• FY25 operating revenue was ₹5,690 crore, subsidy income ₹3,739 crore and other income ₹313 crore, totaling ₹9,742 crore.

• Q4 standalone revenue was ₹1,906.71 crore versus ₹1,939.73 crore YoY, while net profit rose to ₹58.40 crore from ₹21.12 crore; consolidated net profit rose to ₹71.76 crore from ₹24.43 crore.

• Q4 FY25 operating EBITDA was ₹74 crore, PBT ₹77 crore and PAT ₹58 crore, versus ₹149 crore, ₹153 crore and ₹119 crore in Q3 FY25.

• FY25 PBT was ₹740.18 crore standalone and ₹756.27 crore consolidated, versus ₹664.38 crore and ₹703.79 crore in FY24.

Outlook and guidance

• Expansion plan milestones span FY25-26 Q1 through FY27-28.

• Planned projects include a 15 MW solar project at Charanka, Urea-II revamping, Sulphuric Acid V and participation in GIPCL’s 75 MW solar project.

• Sikka projects include phosphoric and sulphuric acid capacity; listed project outcomes include 198 KTPA PA and 594 KTPA SA.