Gujarat Fluorochemicals (GFL) reported a strong Q2FY26 with revenue at ₹1,210 Cr. The chemical segment saw EBITDA rise 26% YoY, while battery materials developments continue. LFP CAM facility commissioned, LiPF6 sales imminent, and fluoropolymer binders are progressing. The company expects further growth from new fluoropolymer grades in key sectors.
Financial Highlights
Gujarat Fluorochemicals (GFL) announced its financial results for Q2FY26, showcasing robust performance across key segments. Consolidated revenue from operations stood at ₹1,210 Cr, up 2% YoY. However, it declined by 6% QoQ. Consolidated EBITDA grew by 23% YoY and 6% QoQ to ₹364 Cr, improving the EBITDA margin by 525 bps YoY to 30%. Consolidated PAT reached ₹179 Cr, up 49% YoY, but down 3% QoQ.
The chemical segment’s revenue was also reported at ₹1,210 Cr, exhibiting similar trends with a 2% YoY increase and a 6% QoQ decrease. The chemical segment’s EBITDA surged by 26% YoY and 8% QoQ to ₹381 Cr, and the EBITDA margin improved significantly to 32%. The chemical segment’s PAT reached ₹198 Cr, an impressive 51% YoY increase, but a slight 2% QoQ increase.
Battery Materials Update
GFL reports progress in its battery materials vertical. Sales of LiPF6 are expected to commence soon, benefiting from recent price increases. The company’s LFP CAM facility in India has been successfully commissioned, and samples are being sent for approval. Qualification for fluoropolymer binders is advancing, with sales expected to begin in the first half of CY26. The company is actively engaging with domestic cell manufacturers for electrolyte evaluation and qualification.
Fluoropolymers and Other Verticals
The Fluoropolymer segment recorded an 8% YoY increase, but declined by 4% QoQ. This sequential decline was primarily driven by tariffs imposed by the USA. The Fluorochemicals vertical saw a decline due to reduced R-22 sales. However, R32 ramp-up and stable specialty chemicals are expected to improve performance. The Bulk Chemicals segment showed a 3% YoY increase, driven by higher Chloromethanes prices.
Source: BSE
