Financial Results Summary

Standalone Financial Results (Quarter Ended September 30, 2026)

  • Revenue from Operations: ₹5,992.49 million (Q2 FY27) vs ₹4,996.97 million (Q2 FY26)
  • Total Income: ₹6,058.11 million (Q2 FY27) vs ₹5,046.43 million (Q2 FY26)
  • Profit Before Tax: ₹591.43 million (Q2 FY27) vs ₹609.54 million (Q2 FY26)
  • Net Profit: ₹442.28 million (Q2 FY27) vs ₹464.43 million (Q2 FY26)
  • Earnings Per Share (Basic): ₹9.51 (Q2 FY27) vs ₹11.90 (Q2 FY26)

Standalone Financial Results (Half Year Ended September 30, 2026)

  • Revenue from Operations: ₹10,234.54 million (H1 FY27) vs ₹8,999.39 million (H1 FY26)
  • Total Income: ₹10,402.16 million (H1 FY27) vs ₹9,084.48 million (H1 FY26)
  • Profit Before Tax: ₹999.17 million (H1 FY27) vs ₹932.32 million (H1 FY26)
  • Net Profit: ₹755.10 million (H1 FY27) vs ₹707.97 million (H1 FY26)
  • Earnings Per Share (Basic): ₹16.23 (H1 FY27) vs ₹18.14 (H1 FY26)

Consolidated Financial Results (Quarter Ended September 30, 2026)

  • Revenue from Operations: ₹5,584.21 million (Q2 FY27) vs ₹4,672.94 million (Q2 FY26)
  • Net Profit: ₹446.36 million (Q2 FY27) vs ₹584.94 million (Q2 FY26)
  • Earnings Per Share (Basic): ₹9.60 (Q2 FY27) vs ₹15.19 (Q2 FY26)

Consolidated Financial Results (Half Year Ended September 30, 2026)

  • Revenue from Operations: ₹9,444.16 million (H1 FY27) vs ₹8,442.91 million (H1 FY26)
  • Net Profit: ₹710.30 million (H1 FY27) vs ₹810.65 million (H1 FY26)
  • Earnings Per Share (Basic): ₹15.27 (H1 FY27) vs ₹21.22 (H1 FY26)

Balance Sheet Highlights (Standalone as of September 30, 2026)

  • Total Assets: ₹18,123.05 million vs ₹14,808.39 million (March 31, 2026)
  • Inventories: ₹3,908.82 million vs ₹3,362.48 million (March 31, 2026)
  • Trade Receivables: ₹8,234.79 million vs ₹5,583.69 million (March 31, 2026)
  • Cash and Cash Equivalents: ₹185.93 million vs ₹1,538.25 million (March 31, 2026)
  • Total Equity: ₹8,050.20 million vs ₹7,344.66 million (March 31, 2026)
  • Borrowings (Current + Non-current): ₹2,438.69 million vs ₹2,157.58 million (March 31, 2026)

Cash Flow Statement (Standalone H1 FY27)

  • Net Cash Used in Operating Activities: ₹(1,053.11) million
  • Net Cash Used in Investing Activities: ₹(400.25) million
  • Net Cash from Financing Activities: ₹104.16 million
  • Net Decrease in Cash: ₹(1,349.20) million

IPO Proceeds Utilization

Management Changes

1. Appointment of CFO: Mr. Shail Jayesh Shah, presently serving as Whole-Time Director, was appointed as Chief Financial Officer (Key Managerial Personnel) effective November 13, 2026, in addition to his existing role.

  • Profile: Commerce graduate from H.L. Institute of Commerce, Gujarat University; Associate of ICAI; Diploma in Information System Audit from ICAI; founding partner of Shail J. Shah and Associates; with company since 2013; over 15 years experience in agro-chemical industry.

2. Retirement: Mr. Rajesh Valiya Naduvath, Head of International Business and Strategy, retired from services effective close of business hours on November 13, 2026, and consequently ceased to be Senior Management Personnel.

Corporate Office Relocation

The Board approved shifting the corporate office from 404, Lalita Complex, Rasala Road, Mithakhali Six Road, Navrangpura, Ahmedabad - 380009 to A-201, B-202, C-203, B23 Corporate Park, Behind Shivalik Shilp, Near ISCON Cross Roads, S.G. Highway, Sanidhya, Ahmedabad - 380058 effective December 3, 2026. The relocation is within the same city limits and under the same Registrar of Companies jurisdiction for operational and administrative convenience. Books of accounts will be maintained at the new corporate office.

Subsidiary Information

The consolidated results include:

  • Rajdhani Petrochemicals Private Limited (wholly owned subsidiary)
  • GSP Intermediates Private Limited (wholly owned subsidiary)
  • GSP Agroquimica Do Brasil LTDA (wholly owned foreign subsidiary)

Scheme of Arrangement

The Board has approved a Scheme of Arrangement between Rajdhani Petrochemicals Private Limited and manufacturing undertaking of GSP Intermediates Private Limited (both wholly owned subsidiaries) to merge with GSP Crop Science Limited with effect from April 1, 2026. The Scheme was filed with NCLT Ahmedabad on October 28, 2026, for approval under sections 230-232 of Companies Act, 2013. Pending approvals, the effect has not been reflected in these financial results.

Dividend Information

The final dividend of ₹1 per share for FY 2025-26 was approved by members at the AGM held on September 18, 2026, and paid on September 25, 2026.

Exceptional Items

The year ended March 31, 2026, included an exceptional item of ₹44.41 million (standalone) and ₹45.56 million (consolidated) due to the impact of New Labour Codes notified by the Government of India effective November 21, 2025, resulting in increased provision for employee benefits.

Board Meeting Details

The Board Meeting commenced at 4:45 PM and concluded at 6:00 PM (IST) on November 13, 2026.

Authorized Personnel for Disclosures

1. Mr. Bhavesh Vrajmohan Shah - Chairman and Managing Director

2. Mr. Shail Jayesh Shah - Whole Time Director and CFO

3. Mr. Kamleshbhai D Patel - GM (Legal), Company Secretary & Compliance Officer