Gujarat State Financial Corporation (GSFC) announced its unaudited financial results for the quarter and half year ended September 30, 2025, reporting a continued loss but marginal improvement on a sequential basis.
Key highlights (Q2 FY26 vs Q1 FY26)
- Total income stood at Rs 410.42 lakh, up from Rs 407.51 lakh in the previous quarter.
- Interest earned fell sharply to Rs 5.07 lakh from Rs 9.25 lakh, while other income rose slightly to Rs 405.35 lakh from Rs 398.26 lakh.
- Total expenditure increased marginally to Rs 3,621.46 lakh, compared to Rs 3,560.10 lakh in Q1 FY26, mainly due to higher operating expenses and staff costs.
- The company reported a loss of Rs 3,196 lakh (Rs 31.96 crore) for the quarter, compared to a loss of Rs 3,102 lakh (Rs 31.02 crore) in the previous quarter and Rs 3,144 lakh (Rs 31.44 crore) in Q2 FY25.
Half-year performance (H1 FY26)
For the first half of FY26, GSFC’s total income stood at Rs 817.93 lakh, while total expenditure was Rs 7,181.56 lakh. The company posted a net loss of Rs 6,298.13 lakh (Rs 62.98 crore) for the half year ended September 2025, compared to Rs 6,266.44 lakh (Rs 62.66 crore) in the corresponding period last year.
The persistent losses were mainly attributed to high interest expenditure (Rs 3,554.08 lakh in Q2 FY26) and limited interest income, reflecting continued stress in the corporation’s lending portfolio.
Outlook
While the corporation’s revenue stream remains stable due to other income components, the significant gap between interest earned and interest expended continues to pressure profitability.
Disclaimer: The information provided is based on company filings and is intended for informational purposes only. It should not be construed as financial advice.
