Company Overview

Gujarat Ambuja Exports Limited (GAEL) reported strong financial performance for FY 2025-26 with revenue of ₹5,836 Crores (including other income) and net profit of ₹305 Crores, representing 22% growth year-over-year. Earnings per share stood at ₹6.65 with return on capital employed of 11.26%.

Financial Performance

Revenue from operations reached ₹5,729 Crores, driven by maize processing (₹3,566 Crores) and agro-processing (₹2,089 Crores) segments. Export sales grew 50.42% to ₹1,793 Crores. The company maintained a strong balance sheet with total assets of ₹4,154 Crores and effectively zero debt-to-equity ratio. Capital expenditure of ₹259.52 Crores was invested in capacity expansions.

Operational Highlights

The company commissioned India's first maize starch-based Sodium Gluconate fermentation facility at Hubli with 30,000 TPA capacity and expanded maltodextrin capacity to 23,000 TPA. Maize processing capacity reached 5,600 TPD across 10 manufacturing locations. Future roadmap targets 1,20,000 TPA fermentation capacity by CY 2028 and a 900 TPD Greenfield Corn Wet-Milling Plant at Himmatnagar by 2027.

Corporate Actions & Governance

The Board recommended a final dividend of ₹0.30 per equity share (30%), subject to approval at the 35th Annual General Meeting scheduled for September 5, 2026. Record date for dividend eligibility is August 28, 2026. The board composition includes Chairman & Managing Director Mr. Manish Vijaykumar Gupta and Whole-Time Directors Mr. Sandeep Agrawal and Mr. Shreyaan Manish Gupta.

Sustainability Initiatives

The company published its Business Responsibility and Sustainability Report with GHG emission intensity of 0.71 MT/MT of physical output and total waste generation of 7,833.02 MT. Renewable energy capacity stands at 47 MW (wind, solar, biogas) with plans to increase biogas from 8 MW to 10 MW and solar from 10 MW to 12 MW. CSR spend of ₹7.72 Crores benefited 4 lakh+ beneficiaries.

Subsidiary & Investments

Wholly-owned subsidiary Maiz Citchem Limited received ₹175 Crores investment in Optionally Convertible Debentures for a 500 TPD maize fermentation project. The subsidiary reported net loss of ₹47.83 Lakhs before tax but profit after tax of ₹59.18 Lakhs.

Regulatory Compliance & Assurance

The company maintained full compliance with SEBI LODR regulations and environmental laws. Sustainability Actions Private Limited provided independent reasonable assurance on BRSR Core metrics. Statutory auditors Kantilal Patel & Co. issued unmodified opinions on both standalone and consolidated financial statements.

Contingencies & Subsequent Events

Contingent liabilities of ₹64.93 Crores include disputed tax matters of ₹61.87 Crores. The company recognized an exceptional item of ₹3.97 Crores for incremental labor code liabilities. No other significant events occurred between the reporting date and authorization of financial statements.