Gujarat State Fertilizers & Chemicals Limited · NSE:GSFC
Gujarat State Fertilizers & Chemicals — Q3 FY2023-24 Earnings Presentation
15 slides from Gujarat State Fertilizers & Chemicals's earnings presentation, Feb 6, 2024
Slide 1: Exchange Cover Letter - Press Release
GUJARAT STATE FERTTLTZERS & CHEMTCALS LTMITED ffi Fertilizernagar - 39L 750. Vadodara, Gujarat, lNDlA. CIN : L99999GJL962PLC00LLZL NO. SE C/SE {NEG -30 t 2024 6tr February r2O24 The Corporate Relationship Department The Manager, Listing Department BSE Limited National Stock Exchange of India Ltd. ls
Slide 2: Q3 FY 23-24 Results Update Media Release
Q 3 FY 23-24 Results Update Media Release Gandhinagar, February 6, 2024 Gujarat State Fertilizers & Chemicals Limited (GSFC) is a Fortune India 500 company promoted by the Government of Gujarat in 1962 having an integrated Fertilizers and Industrial Products complex. The company has been consistentl
Slide 3: Q3 Challenges and Capex-led Growth
Q 3 FY 23-24 Results Update Media Release Q3’23-24 was a challenging quarter for the company due to external headwinds in both Fertilizers and Industrial Products segments. In Q3 over Q3, the company registered sales de-growth of 43% and EBIDTA de-growth of 49%. Fertilizer segment top-line and botto
Slide 4: Outlook and About GSFC
Q 3 FY 23-24 Results Update Media Release Outlook: In the fertilizer industry, the NBS Subsidy rates reduced drastically from October 2023, in comparison to global raw materials prices, straining cost economies of P&K Fertilizers. Increase in MRP of fertilizers in a short & medium term is unlikely a
Slide 5: Gujarat State Fertilizers and Chemicals Limited – Q3 FY 23-24
Gujarat State Fertilizers and Chemicals Limited Investor Presentation – Q3 FY 2023-24
Slide 6: Cautionary Note - Forward Looking Statement
Cautionary Note - Forward Looking Statement This presentation may contain statements which reflect the management’s current views and estimates and could be construed as forward looking statements. The future involves certain risks and uncertainties that could cause actual results to differ mate
Slide 7: Value Creation for Shareholders
Value Creation for Shareholders 350 GROWTH IN MARKET DIVIDEND % CAPITALISATION (RS. CR) 550 500 31-Jan-24, 300 11976 450 250 SH PRICE - Rs/SH Q3 23-24, 350 9603 200 250 Q2 23-24, Q1 23-24, 6894 150 125 150 6535 110 60 Q4 22-23, 4742 50 100 FY 20 FY 21 FY 22 FY 23 GSFC Investors Presentation Q3 FY 23
Slide 8: Share Price Movement
Share Price Movement GSFC SENSEX Linear (GSFC) Linear (SENSEX) 240 214 200 172 160 124 117 119 117 120 100 97 108 100 106 80 85 40 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Jan-24 Mar-24 GSFC Investors Presentation Q3 FY 23-24 3 of 9
Slide 9: Financial Performance
Financial Performance Rs Crores FY 23-24 FY 22-23 FY 23-24 FY 22-23 Particulars Q3 Q2 Q3 9M Operating Revenue* 1,222 1,775 1,507 4,182 4,215 Subsidy Income 722 1,242 1,914 2,810 4,673 Total Revenue 2,024 3,212 3,439 7,317 9,008 Operating EBIDTA @ 104 215 345 458 1,275 PBT 138 363 310 641 1,247 PAT 1
Slide 10: Volume Performance
Volume Performance Q-3 2023-24 Q-3 2022-23 Q-2 2023-24 Product Production Gross Sales Production Gross Sales Production Gross Sales Qty.-MT Qty.-MT Qty.-MT Qty.-MT Qty.-MT Qty.-MT MANUFACTURED PRODUCTS UREA 104360 104014 101945 103923 103350 105655 A. S. 94035 99750 132921 126721 121325 130324 A.S.P
Slide 11: Capro-Benzene Spread
Capro-Benzene Spread CAPRO BENZENE SPREAD (US$ per MT) $794 $740 $730 $674 $673 $911 $936 $965 $972 $872 $1,705 $1,676 $1,695 $1,545 $1,646 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 GSFC Investors Presentation Q3 FY 23-24 6 of 9
Slide 12: Key Input Cost Movement
Key Input Cost Movement Imported P2o5 Ammonia Natural Gas Benzene ('000 Rs/MT) ('000 Rs/MT) (Rs/SM3) ('000 Rs/MT) 117 99 80 86 82 81 75 77 80 74 75 71 60 46 45 47 43 43 38 24 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 GSFC Investors Presentation Q3 FY 23-24 7 of 9
Slide 13: Share Holding Pattern as on 31.12.2023
Share Holding Pattern as on 31.12.2023 Public Promoters Shareholders 38% 39% FII 20% DII 3% As on Change Particulars 30-09-23 31-12-23 Promotors (GSIL) 37.84% 37.84% 0% Foreign Institutional/Portfolio Investment (FII/FPI) 20.69% 19.81% (0.88%) Domestic Institutional Investment (DII) & Others 2.68% 3
Slide 14: Expansion Plan on Track
Expansion Plan on Track Ongoing Projects FY23-24 FY24-25 FY25-26 FY26-27 HX Crystal Project 6.6 KTPA 15 MW Solar Power Project at Charanka 15 MW(AC) Urea-II Revamping Project Energy Reduction Sulphuric Acid (SA-V) Project 198 KTPA 10 MW Electrolyser based Green Hydrogen Phase-I Project Phosphoric Ac
Slide 15: Thank You
THANK YOU
Gujarat State Fertilizers & Chemicals — Q3 FY2023-24 Earnings Presentation on 6ix