Gujarat State Financial Corporation (532160)
Snapshot
Events
- Latest results
- Q2 FY27, filed 26 Oct 2026
- Board meeting filing
- 4 Aug 2026
Exchange data. Each figure as its own page shows it; the dates are the data's. Information only, not investment advice.
📈 Share price & events
Q2 FY27 results
Gujarat State Financial Corporation reported Q2 FY27 results on 26 Oct 2026: net interest income ₹-23.5 Cr, and net profit ₹-20.2 Cr (a smaller loss than a year earlier).
| Q2 FY27 (₹ Cr) | Value | YoY vs Q2 FY26 | QoQ |
|---|---|---|---|
| Net interest income | ₹-23.5 | loss narrowed | loss widened |
| Operating profit | ₹-20.0 | — | loss widened |
| Net profit | ₹-20.2 | loss narrowed | loss widened |
| EPS (₹) | -2.27 | loss narrowed | loss widened |
| Gross NPA | 100.00% | — | — |
📢 Recent Corporate Announcements
Gujarat State Financial Corporation reported a net loss of ₹20.19 crore for Q2 ended September 30, 2026, compared to a loss of ₹31.96 crore in Q2 FY26. Total income stood at ₹4.18 crore, while interest expended was ₹23.54 crore. The corporation's net worth remains heavily eroded with negative reserves of ₹3,321.81 crore and 100% Gross and Net NPA ratios. Alongside the results, the Board decided to re-introduce a One Time Settlement (OTS) scheme for term loans to aid recoveries.
- Net loss for Q2 stood at ₹20.19 crore (₹2018.75 lakh) vs a loss of ₹31.96 crore in the prior year quarter
- Total income reached ₹4.18 crore (₹417.94 lakh) while interest expenses remained high at ₹23.54 crore
- Gross and Net NPAs both stood at 100% of advances, amounting to ₹397.63 crore (₹39,762.99 lakh)
- Discontinued recognition of 2% default interest on a ₹621.37 crore state soft loan lowered reported quarterly losses by ₹12.46 crore
- Board approved re-introduction of One Time Settlement (OTS) Scheme for term loans disbursed up to and above ₹15 lakh
Gujarat State Financial Corporation announced that Small Industries Development Bank of India (SIDBI) has nominated Shri Abhay Kumar Jain, DGM at its Ahmedabad Branch Office, as a Director on its board. He assumed office on August 17, 2026, replacing outgoing nominee Shri Dinesh Kumar, who ceased directorship on August 16, 2026. Shri Jain brings 19 years of experience at SIDBI and joins the Stakeholders Relationship Committee. The institutional nominee replacement comes as GSFC remains deeply distressed with an annual loss of ₹-127 Cr in FY26 and a negative net worth of ₹-3,188 Cr.
- Shri Abhay Kumar Jain assumed office as SIDBI Nominee Director on August 17, 2026
- Outgoing nominee Director Shri Dinesh Kumar ceased directorship on August 16, 2026
- Appointee is 41 years old with 19 years of career experience across various roles at SIDBI
- Appointment executed under Section 10 (c) of the State Financial Corporations Act, 1951 via SIDBI letter dated August 10, 2026
Gujarat State Financial Corporation (GSFC) reported a net loss of ₹19.68 Cr for the quarter ended June 30, 2026, compared to a loss of ₹31.02 Cr in the year-ago period. The narrowing of the loss is primarily attributed to the Board's decision to stop accruing penal interest of ₹12.21 Cr on a ₹621.37 Cr government soft loan. The corporation remains in severe financial distress with a 100% Gross and Net NPA ratio and a massive negative net worth of ₹3,281.95 Cr. Statutory auditors have issued a qualified opinion, questioning the 'going concern' status of the entity.
- Net loss for Q1 FY27 stood at ₹19.68 Cr, showing a reduction from ₹31.02 Cr in Q1 FY26.
- Gross and Net NPA ratios remain at 100%, with total NPA value at ₹397.44 Cr.
- Interest expense decreased to ₹23.28 Cr from ₹35.02 Cr YoY, aided by non-provisioning of ₹12.21 Cr in penal interest.
- Total income remained stagnant at ₹4.06 Cr compared to ₹4.08 Cr in the corresponding quarter last year.
- Negative reserves and surplus reached ₹3,281.95 Cr as of March 31, 2026, against a market cap of just ₹92 Cr.
Gujarat State Financial Corporation (GSFC) has announced a board meeting on August 10, 2026, to consider and approve unaudited financial results for the quarter ended June 30, 2026. The company is in a state of severe financial distress, reporting a TTM net loss of Rs 127 Cr against a TTM revenue of only Rs 15 Cr. Its net worth is deeply negative at Rs -3,188 Cr, which is significantly higher than its current market capitalization of Rs 92 Cr. Recent quarterly performance has been consistent with losses of approximately Rs 31-32 Cr per quarter.
- Board meeting scheduled for August 10, 2026, to review Q1 FY27 performance.
- Company reported a net loss of Rs 32.0 Cr in the most recent quarter ended March 2026.
- Net worth stands at a critical Rs -3,188 Cr as per latest available context.
- TTM revenue is stagnant at approximately Rs 15 Cr.
- Promoter holding remains high at 83.95% as of June 2026.
Company profilewritten 13 Nov 2025
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