Gujarat State Financial Corp
13.62
-0.17(-1.23%)
Market Cap₹122.90 Cr
PE Ratio-
Company Performance:
1D-1.23%
1M-10.98%
6M-20.81%
1Y-42.53%
5Y+519.09%
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Latest news about Gujarat State Financial Corp
Gujarat State Financial Corporation Reports ₹3,102.13 Lakh Net Loss in Q1 Aug 13, 2025
Gujarat State Financial Corporation (GSFC) announced Q1 results with a net loss of ₹3,102.13 lakh, slightly better than the ₹3,121.71 lakh loss in the same quarter last year. Total income decreased to ₹407.51 lakh from ₹412.39 lakh. Asset quality remains a major concern with 100% gross and net NPA ratios. The corporation's reserves show a negative balance of ₹3,15,431.29 lakh, indicating severe net worth erosion. Auditors issued a qualified opinion, questioning the going concern basis of financial statements and highlighting unconfirmed dues to the Government of Gujarat.