Gujarat Fluorochemicals Limited Earnings Summary — Q1 FY2027
Gujarat Fluorochemicals Reports Strong Q1 Performance Driven by Fluoropolymers Growth and EV Segment Expansion
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 3 consecutive quarters.
- Revenue of ₹1,588 Cr is 24.0% higher year-on-year.
- Revenue has compounded at 16.2% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹221 Cr is 21.4% above the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 41.6% annualised across the period.
- Operating margin stands at 26.8% in Q1 FY2027.
- Operating margin compressed by 2 bps year-on-year.
- Over the last two years operating margin has expanded by 455 bps.
- PBT margin is 19.5%.
- Expense growth of 24.0% remained below revenue growth of 24.0%.
- Operating profit of ₹426 Cr is 23.8% higher year-on-year.
- Operating leverage continues to improve.
- 5 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 79/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 1,588 | 1,369 | 1,136 | 1,210 | 1,281 | 1,225 | 1,148 | 1,188 | 1,176 | 1,133 |
| Expenses | Accelerating | 1,162 | 1,062 | 861 | 846 | 937 | 919 | 854 | 893 | 914 | 895 |
| Operating Profit | Improving | 426 | 307 | 275 | 364 | 344 | 306 | 294 | 295 | 262 | 238 |
| Operating Margin | Improving | 26.8% | 22.4% | 24.2% | 30.1% | 26.9% | 25.0% | 25.6% | 24.8% | 22.3% | 21.0% |
| Other Income | Volatile | 12 | 3 | -10 | 6 | 23 | 26 | 14 | 9 | 9 | 18 |
| Interest | Stable | 26 | 42 | 33 | 33 | 30 | 26 | 42 | 42 | 37 | 34 |
| Depreciation | Stable | 102 | 97 | 89 | 91 | 90 | 89 | 91 | 90 | 85 | 81 |
| Profit Before Tax | Strong Uptrend | 310 | 171 | 143 | 246 | 247 | 217 | 175 | 172 | 149 | 141 |
| Tax | Volatile | 91 | 71 | 41 | 67 | 65 | 26 | 49 | 51 | 41 | 40 |
| Net Profit | Accelerating | 221 | 103 | 102 | 179 | 182 | 191 | 126 | 121 | 108 | 101 |
| Net Margin | Improving | 13.9% | 7.5% | 9.0% | 14.8% | 14.2% | 15.6% | 11.0% | 10.2% | 9.2% | 8.9% |
Key Takeaways
- Consolidated revenue grew 24% YoY to ₹1,588 crores, primarily driven by a 19% YoY revenue increase in the Fluoropolymers segment (₹848 crores).
- Net Profit surged 119% sequentially to ₹219 crores, benefiting from operational ramp-ups and improved margins in the core Chemicals business.
- The EV Products segment is reaching a material inflection point with LiPF6 salt receiving major global approvals and commercial sales scaling up.
- The company has earmarked a significant ₹3,150 crore capex for FY27, with ₹2,300 crore dedicated to the GFCL EV business and ₹850 crore for GFL core operations.
- New business expansions are underway with the incorporation of specialized units for semiconductor materials and battery chemicals in Oman and India.
- Fluoropolymer capacities are reaching optimum utilization levels, prompting further investment in new specialty grades for high-growth sectors like semiconductors and hydrogen.
- The company successfully restated prior-period deferred tax assets in its EV subsidiary to ensure strict compliance with Ind AS accounting standards.
Management Guidance
Management remains committed to a cumulative ₹6,000 crore capex in the EV business by FY28, targeting 2x asset turns and EBITDA margins above 25%. Growth in FY27 will be supported by R-32 refrigerant expansion and new electronic specialty chemicals for the semiconductor sector.
Sentiment Shift
Improving
The business is transitioning from a period of heavy investment and qualification to commercial realization, particularly in high-value specialty polymers and EV materials.
Outlook
The company expects Material growth in the EV segment starting in FY27 as salt and cathode material contracts ramp up. The core Fluoropolymer business is projected to maintain a 15-20% growth trajectory fueled by value-added applications in global energy transition sectors.
From the Annual Report (Key Quotes)
“The battery materials business is now at an important inflection point... we have secured marquee anchor customers across all our battery material products.”
“Our focus on high-value specialty grades and expanding global reach continued to support growth momentum during the quarter.”
“We remain confident in our ability to deliver sustained growth and create long-term value for all our stakeholders.”
Official Quarterly Documents
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This summary is AI-generated from Gujarat Fluorochemicals Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.