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Gujarat Fluorochemicals Ltd Q2FY24; 85% 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 Q2FY24 of ₹947.00 Crores down from ₹1,461.00 Crore year on year, a fall of 35.18%.

Total Expenses for Q2FY24 of ₹886.00 Crores down from ₹1,006.00 Crores year on year, a fall of 11.93%.

Consolidated Net Profit of ₹53.00 Crores down 85.15% from ₹357.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.80, down 85.40% from ₹32.88 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.

Tags: Chemicals
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