Gujarat Fluorochemicals will participate in the Ashwamedh - Elara India Dialogue 2026 investor conference on September 2, 2026. The company plans to share its investor presentation for the quarter ended June 30, 2026.

Meeting details

The engagement is scheduled for September 2, 2026, in Mumbai. Company representatives will attend group and one-on-one sessions as part of the dialogue.

Disclosure context

The intimation was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that no unpublished price-sensitive information is proposed to be shared during the conferences.

The schedule is subject to change due to exigencies on the part of the investors or the company.

Gujarat Fluorochemicals Limited reported a 20% year-on-year increase in consolidated net profit to ₹219 crore for the quarter ended June 30, 2026 (Q1FY27), driven by robust performance in its core chemicals business. Consolidated revenue from operations rose 24% to ₹1,588 crore, while EBITDA stood at ₹428 crore, reflecting an EBITDA margin of 27% compared to 27% in the year-ago period. The chemicals segment delivered strong operational leverage, with EBITDA surging 29% to ₹458 crore and margins expanding by 146 basis points to 29%. In contrast, the EV products segment reported an EBITDA loss of ₹30 crore, with PAT loss widening to ₹42 crore against ₹14 crore previously.

The company also demonstrated significant sequential improvement. Consolidated revenue increased 16% quarter-on-quarter to ₹1,588 crore, while EBITDA grew 39% to ₹428 crore. Consolidated PAT more than doubled sequentially to ₹219 crore, resulting in a PAT margin improvement from 7% to 14%. Working capital efficiency improved markedly, with working capital days reducing by 43 days to 149 days as of Q1FY27 compared to 192 days as of Q4FY26. Return on capital employed (ROCE) improved by 258 basis points to 16.6% in Q1FY27 compared to 14% in FY26, while return on equity (ROE) improved by 301 basis points to 15.18% from 12.17% in FY26.

The Board approved the unaudited standalone and consolidated financial results pursuant to Regulation 33 read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by statutory auditors Patankar & Associates Chartered Accountants. Standalone net profit increased 8.6% to ₹201 crore, with standalone revenue rising 11% to ₹1,302 crore.

Segment Performance

The chemicals segment remained the primary profit driver, reporting an EBITDA of ₹458 crore for the quarter, compared to ₹354 crore in the prior year period. The segment’s PAT rose 33% to ₹261 crore, with PAT margins improving by 128 basis points to 17%. Within the chemicals segment, fluoropolymer revenue grew 15% year-on-year and 8% sequentially, driven by higher volumes and improved product mix towards high-value grades. Fluorochemicals revenue surged 52% year-on-year and 44% quarter-on-quarter, primarily driven by R32 refrigerant sales. Bulk chemicals revenue increased 11% year-on-year and 1% sequentially.

In contrast, the EV products segment reported an EBITDA loss of ₹30 crore, with PAT loss widening to ₹42 crore against ₹14 crore previously. Management noted that qualification activities for battery materials are progressing well, with LiPF6 salt nearing commercialization and PVDF binders close to finalizing qualifications. Significant revenue traction from battery materials is expected towards the end of FY27 and into FY28.

Total segment revenue reached ₹1,639 crore, with inter-segment revenue amounting to ₹51 crore. The chemicals segment's assets stood at ₹9,236 crore, while EV products assets expanded significantly to ₹3,361 crore.

The following table summarises the key consolidated financial metrics for the quarter:

What the Numbers Show

The divergence between the two segments highlights the company's transitional phase. While the mature chemicals business delivered strong operational leverage—evidenced by a 29% jump in segment EBITDA and margin expansion to 29%—the EV products division continues to burn cash, with its loss widening threefold to ₹42 crore. This suggests that while top-line growth in EV products is accelerating (revenue up to ₹14 crore from nil), profitability remains distant due to high initial costs and scale-up expenses. The near-stable consolidated EBITDA margin of 27% reflects broadly sustained group-level operational efficiency, with overall margin health currently supported by the chemicals vertical. Additionally, the significant reduction in working capital days from 192 to 149 indicates improved cash conversion efficiency, supporting the rise in ROCE and ROE.

Strategic Developments and Investments

During the quarter, Gujarat Fluorochemicals made significant strategic investments to expand its footprint in new-age materials. The company invested ₹290 crore in GFCL EV Products Limited through non-convertible redeemable preference shares. Additionally, it invested ₹52 crore in Flurry Wind Energy Private Limited, comprising ₹12 crore in equity shares and ₹40 crore in optionally convertible participating redeemable preference shares. Two new entities were incorporated: GFCL Semiconductor and Advanced Materials Limited for specialty chemicals and semiconductor devices, and GFCL EV New Age Materials SAOC for battery chemicals manufacturing and trading.

Management highlighted ongoing capacity expansions. The R32 refrigerant capacity is expected to be commissioned in Q2FY27, with existing capacity fully utilized. The R134A project remains on track for commissioning during FY27. For fluoropolymers, debottlenecking activities continue to enhance capacity to match market requirements, with a focus on high-end grades for semiconductors, data centers, and green hydrogen applications.

Regarding capital expenditure, the company plans to spend approximately ₹2,300 crore in the EV segment and ₹800 crore in the chemical business in FY27. Capital work in progress (CWIP) is expected to reach around ₹1,200 crore by the end of the year. Notably, the Oman battery materials project has been put on hold due to geopolitical reasons, with capacities being relocated to India. The sovereign funding approved for the Oman project will not be available for the India project, and separate fundraising is underway.

Regulatory and Other Disclosures

The company received a No Objection Letter on July 9, 2026, from BSE Limited and National Stock Exchange of India Limited regarding the Composite Scheme of Arrangement between Inox Leasing and Finance Limited (ILFL), Inox Holdings and Investments Limited (IHIL), and Gujarat Fluorochemicals Limited. The scheme involves the demerger of ILFL's wind business into IHIL and the subsequent amalgamation of ILFL into Gujarat Fluorochemicals Limited. All entities are now seeking further regulatory approvals for implementation.

Regarding the December 2021 fire incident at the Ranjitnagar plant, the company received ₹11 crore on April 24, 2026, as a full and final claim for loss of plant and machinery. A balance insurance claim of ₹28 crore remains pending, with the insurer yet to determine the final amount for loss of profit. The impact of the New Labour Codes was recognised as an exceptional item of ₹20 crore in the previous financial year ended March 31, 2026, with no such impact in the current quarter.