GSP Crop Science Limited – FY 2025‑26 Financial Results

The company’s equity shares were listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on 24 March 2026.

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1. Overview

GSP Crop Science Limited (formerly GSP Crop Science Private Limited) has released its audited standalone and consolidated financial statements for the year ended 31 March 2026. The results incorporate the impact of the company’s initial public offering (IPO) of 7.5 million equity shares at ₹ 320 per share (including a ₹ 310 premium) and an offer‑for‑sale of 5 million shares.

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2. Key Financial Highlights

2.1 Income Statement (Consolidated)

Metric (FY 2026)	FY 2025	YoY Change
Revenue from Operations	₹ 15,171.06 mn	+ 17.9 %
Total Income (Revenue + Other Income)	₹ 15,308.70 mn	+ 17.6 %
Profit before Tax	₹ 1,271.82 mn	+ 15.9 %
Net Profit (Continuing Ops)	₹ 947.11 mn	+ 16.3 %
Basic EPS (₹ 10 face value)	₹ 24.93	+ 16.7 %
Diluted EPS	₹ 24.93	+ 16.7 %
Other Comprehensive Income	₹ 7.75 mn	–

Note: Exceptional items of ₹ 45.56 mn were recorded, primarily reflecting the impact of the new Labour Codes (see Section 4).

2.2 Balance Sheet (Consolidated)

Item	31 Mar 2026	31 Mar 2025	YoY Change
Total Assets	₹ 15,467.64 mn	₹ 12,375.78 mn	+ 25.8 %
Total Equity	₹ 7,702.81 mn	₹ 4,518.47 mn	+ 70.5 %
Cash & Cash Equivalents	₹ 1,553.21 mn	₹ 180.75 mn	+ 759 %
Non‑Current Liabilities	₹ 435.22 mn	₹ 807.09 mn	– 46.0 %
Current Liabilities	₹ 7,329.61 mn	₹ 7,050.22 mn	+ 4.0 %

2.3 Cash Flow (Consolidated)

Cash‑flow Category	FY 2026 (₹ mn)	FY 2025 (₹ mn)
Operating Activities – Net cash generated	₹ 593.79	₹ 378.32
Investing Activities – Net cash used	(₹ 746.38)	(₹ 798.80)
Financing Activities – Net cash inflow	₹ 1,522.79	₹ 298.46
Net Increase in Cash & Equivalents	₹ 1,370.20	(₹ 122.02)
Cash & Cash Equivalents at year‑end	₹ 1,553.21	₹ 180.75

Financing cash inflow was driven primarily by the IPO proceeds (₹ 2,400 mn gross).

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3. IPO and Capital Structure

Detail	Amount (₹ mn)
Gross proceeds (fresh issue)	2,400.00
Issue‑related expenses	141.25
Net proceeds (after expenses)	2,203.17
Utilisation to 31 Mar 2026	1,072.64
Unutilised amount (held in FD/Escrow)	1,130.53

Utilisation breakdown

Purpose	Authorized	Utilised	Unutilised
Repayment / pre‑payment of borrowings	1,560.58	965.00	595.58
General corporate purposes	642.59	107.64	534.99

The IPO has substantially strengthened the equity base, raising total equity from ₹ 4.52 bn to ₹ 7.70 bn.

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4. Regulatory & Compliance Highlights

• New Labour Codes – Effective 21 Nov 2025, the consolidation of 29 labour regulations into four Labour Codes increased employee benefit provisions by ₹ 45.56 mn (recorded as an exceptional item). The company will monitor further guidance and adjust provisions as required.

• Audit & Reporting – The audited financial statements were approved by the Audit Committee and Board on 26 May 2026 in compliance with SEBI (LODR) Regulation 33. No qualifications were noted in the audit report.

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5. Shareholder Returns

The Board recommended a dividend of ₹ 1.00 per fully paid‑up equity share (₹ 10 face value) for FY 2025‑26, subject to shareholder approval at the forthcoming Annual General Meeting.

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6. Segment Information

The Group operates a single reportable segment – agro‑chemicals – as determined under Ind‑AS 108. All subsidiaries (Rajdhani Petrochemicals Pvt. Ltd., GSP Intermediates Pvt. Ltd., and GSP Agroquimica Do Brasil Ltda.) contribute to this segment.

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7. Outlook

The announcement does not contain forward‑looking guidance or new risk factors beyond the disclosed impact of the Labour Codes. Investors should note the strengthened balance sheet, higher cash reserves, and the company’s focus on debt reduction and organic growth in the agro‑chemical market.

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Prepared on the basis of the standalone and consolidated financial statements filed by GSP Crop Science Limited for the year ended 31 March 2026. No external information has been used.