Gujarat state fertilizers & chemicals Limited has announced that it received an Environmental, Social, and Governance (ESG) rating from SES ESG Research Pvt. Ltd. The company informed both BSE and NSE about this development through a regulatory filing dated 17th February, 2026.

ESG Rating Details

The rating assessment was completed on 16th February, 2026, with SES ESG Research Pvt. Ltd. assigning the company an overall ESG rating of 64.8. This rating represents an independent evaluation of the company's environmental, social, and governance practices.

Independent Assessment Process

Gujarat State Fertilizers & Chemicals Limited emphasized that it did not engage SES ESG Research Pvt. Ltd. for the evaluation or issuance of its ESG rating. The assessment was conducted independently by the rating agency using publicly available information about the company's operations and practices.

Regulatory Compliance

The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation requires listed companies to disclose material events and information that could impact investor decisions.

Information Availability

The company has stated that the ESG rating information will be made available on its official website at www.gsfclimited.com for stakeholder reference. The filing was signed by Nidhi Pillai, Company Secretary & Vice President (Legal), who serves as the authorized signatory for such regulatory communications.

Gujarat state fertilizers & chemicals Limited announced strong financial results for Q3 FY26 through its regulatory filing under Regulation 30, showcasing robust growth across key performance metrics. The company reported revenue expansion of 5% and a significant 32% surge in profit after tax, demonstrating operational resilience amid challenging market conditions.

Financial Performance Highlights

The company delivered impressive financial results for the quarter ended December 31, 2025. Operating revenue increased by 5% to Rs. 2,894 crore compared to Rs. 2,755 crore in Q3 FY25. Profit before tax grew by 18% to Rs. 181 crore, while profit after tax surged by 32% to Rs. 157 crore from Rs. 119 crore in the corresponding quarter last year.

For the nine-month period ended December 31, 2025, operating revenue reached Rs. 8,206 crore, representing a 9% increase, with earnings per share of Rs. 15.49.

Record Fertilizer Production and Segment Performance

The fertilizer segment achieved remarkable operational milestones during Q3 FY26. The company recorded its highest fertilizer production of 5.07 LMT in Q3, marking the best performance in the last 5 years. Additionally, it achieved the highest production and sales of Ammonium Phosphate Sulphate (APS) in both Q3 and nine-month periods over the past five years.

Fertilizer segment revenue increased from Rs. 2,172 crore to Rs. 2,298 crore in Q3 on a year-on-year basis, with sales volumes remaining stable at approximately 6.27 lakh MT. However, segment EBIT moderated to Rs. 119 crore from Rs. 126 crore due to sharp escalation in key raw material prices.

Industrial Products and Raw Material Challenges

The industrial products segment delivered steady performance despite market headwinds. Sales increased from Rs. 583 crore to Rs. 596 crore in Q3 FY26, with EBIT improving to a profit of Rs. 9 crore. The segment benefited from strategic focus on higher Melamine exports, where realizations were stronger than domestic markets, along with increased traded Ammonia sales.

The company faced significant cost pressures from raw material price escalations:

• Phosphoric Acid prices increased by 34%
• Sulphur prices surged by 130%
• Sulphuric Acid prices rose by 91%

Despite these challenges, the company benefited from a 2% reduction in natural gas rates in Q3 year-on-year and a 6% decrease in the nine-month period.

Expansion Projects and Future Outlook

GSFC successfully commissioned its 198 KTPA Sulphuric Acid (SA-V) plant on January 7, 2026, marking a significant milestone in its expansion strategy. The company has additional projects in the pipeline:

The company maintains a positive outlook for the upcoming quarters, anticipating consistent demand conditions and stable performance across both fertilizer and industrial product segments. With favorable seasonal conditions and healthy Rabi sowing, the agricultural sector is well-positioned for strong harvest outcomes.