Gujarat Fluorochemicals (FLUOROCHEM) Q1 26/27 earnings summary

Executive summary

• Consolidated revenue for Q1FY27 reached INR 1,588 crore, up 24% year-over-year and 16% sequentially, driven by strong performance in core chemical businesses, especially R32 and fluoropolymers, despite global supply chain and commodity volatility.

• Consolidated EBITDA rose 24% YoY to INR 428 crore, with EBITDA margin stable at 27%.

• Consolidated PAT increased 20% YoY to INR 219 crore, with PAT margin at 14%.

• CapEx from previous years is now contributing meaningfully to financials, with further growth expected.

• Healthy demand, disciplined execution, and improved operating leverage drove performance.

Financial highlights

• Chemical segment revenue rose 23% YoY to INR 1,574 crore; EBITDA up 29% to INR 458 crore; PAT up 33% to INR 261 crore.

• Consolidated revenue grew 24% YoY to INR 1,588 crore; EBITDA up 24% to INR 428 crore; PAT up 19% to INR 219 crore.

• Sequentially, consolidated revenue increased 16%, EBITDA grew 39%, and PAT more than doubled with margin improvements.

• Battery materials segment reported revenue of INR 14 crore, with negative EBITDA and PAT.

• Working capital days reduced by 43 days to 149 days quarter-on-quarter.

Outlook and guidance

• Expecting 17%-20% annual growth in fluoropolymers, driven by volume and high-value products.

• Significant ramp-up in battery materials revenue anticipated by Q4 and FY 2028.

• Full utilization of expanded R32 capacity expected in 2027.

• Fluoropolymers segment expects healthy demand momentum, driven by new-age applications in semiconductors, data centres, automotive, and green hydrogen.

• Battery materials business is scaling up with capacity expansions and customer commercialization.