Gujarat Fluorochemicals Ltd.Revenue +24%, EBITDA +24%, PAT +19%

Gujarat Fluorochemicals reported Q1 FY27 consolidated revenue of ₹1,588 Cr, up 24%, EBITDA of ₹428 Cr, up 24%, at a 27% margin, and profit after tax of ₹219 Cr, up 19% and more than double the previous quarter.

The chemical segment earned revenue of ₹1,574 Cr and EBITDA of ₹458 Cr, with fluorochemicals revenue up 52% on R32 refrigerant sales and fluoropolymer revenue up 15% on higher-value grades. Return on capital employed improved to 16.6% and working capital days fell to 149 from 192. Management is expanding R32 capacity, with commissioning in Q2 FY27, and adding an R134A refrigerant plant by the end of the year. It guided fluoropolymer growth of 17% to 20% a year and expects battery materials revenue in three digits of crores in Q4 FY27, with a larger ramp in FY28.

The Oman battery project has been put on hold and moved to India, without its earlier funding. Capex of ₹2,300 Cr in electric vehicle products and about ₹800 Cr in chemicals is planned for FY27, within a ₹6,000 Cr programme.