GSP Crop Science Ltd — earnings calls

GSP Crop Science reported Q1 FY27 revenue of INR386 crores, roughly flat versus INR377 crores a year earlier, with domestic business strength offset by temporary raw material constraints in exports. Profit after tax rose about 16% to INR26.4 crores, helped in part by other income from a land sale, while EBITDA margin stood around 11%. Management described gross margin improvement driven by a shift toward specialty and patented product mix, alongside higher employee and power costs and increased depreciation from the Dahej-Saykha plant capitalization.

GSP Crop Science reported nine-month FY26 revenue of about Rs 1,114 crore with EBITDA of Rs 153 crore, up 32% year-on-year, and PAT of Rs 75 crore versus Rs 59.6 crore last year, the PAT figure including an exceptional labor wage code provision of Rs 4.5 crore. Management described the company's three business verticals as domestic B2B, domestic B2C and export, split roughly 40:40:20, and discussed its patent portfolio of 102 granted and 108 pipeline patents. Management also addressed raw material sourcing from China, price increases of 10-15% passed to customers, and capacity utilization across its technical and formulation plants.