Gujarat Fluorochemicals Q3 Results Review - Strong Beat; Venturing Into LFP: Prabhudas Lilladher

Expected to complete Rs 11 billion out of earlier announced capex of Rs 15 billion; rest to spill over to FY25
08-02-2024
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Gujarat Fluorochemicals Ltd - 542812 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Audio Recording of Conference Call with Investors/Analysts held on 7th February, 2024.
07-02-2024

GFCL EV Products To Invest Rs 6,000 Crore In Next 4-5 Years To Ramp Up Production

GFCL EV Products, a subsidiary of Gujarat Fluorochemicals, plans to invest Rs 6,000 crore over the next 4-5 years to expand its electric vehicle battery materials production.
07-02-2024
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Q3FY24 Quarterly Result Announced for Gujarat Fluorochemicals Ltd.

Specialty Chemicals company Gujarat Fluorochemicals announced Q3FY24 results: Financial Performance: - Consolidated Revenue from Operations for Q3FY24 was Rs 992 crore, marking an increase of 5% on a QoQ basis. - Consolidated EBIDTA for Q3FY24 stood at Rs 206 crore, exhibiting a significant rise of 26% QoQ. The EBIDTA margins improved to 21% in Q3FY24 from 17% in Q2FY24. - Consolidated PAT (Profit After Tax) for Q3FY24 reached Rs 80 crore, which is a sharp increase of 51% QoQ. Moreover, the PAT margin also expanded to 8% in Q3FY24. - ROCE (Return on Capital Employed) & ROE (Return on Equity) were recorded at 14.47% and 11.98% respectively, excluding capital employed in capacity expansions in the last two years and Capital Work in Progress. Business Segment Performance: - The Fluoropolymers vertical reported a stable price environment with a slight volume decrease due to the holiday season in the USA and Europe, resulting in revenue of Rs 545 crore for Q3FY24. - Fluorochemicals saw an uptick in volume but prices remained static, ending the quarter with revenue of Rs 246 crore for Q3FY24. - The Bulk Chemicals segment operated at full capacity, contributing Rs 178 crore in revenue for Q3FY24, despite subdued prices for caustic soda/MDC. Outlook and Strategic Developments: - The company anticipates volume increases for fluoropolymers, driven by demand from sectors like EV, Green Hydrogen, Semiconductors, and Solar. - The exit of legacy players is expected to have a pronounced positive impact on performance in FY25. - The company is optimizing its product mix to move towards higher-end grades within the fluoropolymer segment for better results. - Refrigerant gas business is projected to see a marginal improvement starting from Q4FY24 onwards. - Capacity expansions and newly set up fluoropolymer capabilities are expected to enhance sales in subsequent quarters. Result PDF
07-02-2024
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Gujarat Fluorochemicals Ltd - 542812 - GFCL EV Products Limited Business Update - Investor Presentation

GFCL EV Products Limited Business Update - Investor Presentation
07-02-2024
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