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Gujarat Fluorochemicals Ltd Q1FY24; 34% fall in Profits

Incorporated in 2018, Gujarat Fluorochemicals Limited, earlier known as Inox Fluorochemicals Limited, is a part of the INOX Group of Companies and has been demerged from GFL Ltd, into a separate legal entity.
It is one of the leading producers of Fluoro-polymers, Fluoro-specialities, Chemicals and Refrigerants in India. It is one of the top five global players in the fluoropolymers market with exports to Europe, Americas, Japan and Asia.

Financial Results:

  • Gujarat Fluorochemicals Ltd reported Revenues for Q1FY24 of ₹1,209.00 Crores down from ₹1,334.00 Crore year on year, a fall of 9.37%.
  • Total Expenses for Q1FY24 of ₹955.00 Crores up from ₹951.00 Crores year on year, a rise of 0.42%.
  • Consolidated Net Profit of ₹201.00 Crores down 33.66% from ₹303.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹18.31, down 34.33% from ₹27.88 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

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