# GSFC Q2 Results: Net profit drops 38% as higher raw material costs hit fertiliser margins

> Gujarat State Fertilizers & Chemicals reported a 38.2% year-on-year drop in second-quarter net profit to ₹200.2 crore, even as revenue rose 48.8%. Sulphur and natural gas cost surges squeezed EBITDA margins to 3%.

- Date: 2026-11-02 · published 2026-11-02T21:15:22.626Z
- Category: report · region India · magnitude low
- Page: https://feedsoft.ai/events/76028-gsfc-q2-results-net-profit-drops-38-as-higher-raw-material-costs-hit-fertiliser
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Higher sulphur and gas costs are squeezing Indian fertilizer producers, which can curb phosphate output and support DAP prices, though this single company result has limited direct effect on feed markets.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2026-09-05 | [CoBank warns higher fertilizer prices are structural as phosphate capacity forecast drops 13%](https://feedsoft.ai/events/17780-cobank-warns-higher-fertilizer-prices-are-structural-as-phosphate-capacity.md) | +0.9% | +1.3% |
| DAP | 2025-12-04 | [Global fertiliser markets to contract \| Dairy News Australia](https://feedsoft.ai/events/5188-global-fertiliser-markets-to-contract-dairy-news-australia.md) | -0.8% | -3.8% |
| DAP | 2025-06-26 | [Fitch Ratings Revises Near-Term Fertiliser Price Assumptions](https://feedsoft.ai/events/24534-fitch-ratings-revises-near-term-fertiliser-price-assumptions.md) | +0.7% | +3.8% |
| DAP | 2022-09-27 | [Fertilizer Prices, Rates, and Costs for 2023 - farmdoc daily](https://feedsoft.ai/events/11906-fertilizer-prices-rates-and-costs-for-2023-farmdoc-daily.md) | -2.6% | -2.2% |
| DAP | 2020-06-25 | [Mixed results for fertilizers amid COVID-19 panic](https://feedsoft.ai/events/52541-mixed-results-for-fertilizers-amid-covid-19-panic.md) | +4.8% | +10.7% |

## Sources

- cnbctv18.com: https://www.cnbctv18.com/market/stocks/gsfc-share-price-q2-results-net-profit-drops-38-as-higher-raw-material-costs-hit-fertiliser-margins-20025139.htm

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.