Gujarat Fluorochemicals Limited (GFL) announced the approval of its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The board also sanctioned an investment of up to ₹600 Crores in its material subsidiary, GFCL EV Products Limited, to fund its expansion plans. This investment is subject to shareholder approval due to its materiality threshold.
GFL Board Approves Q2 FY27 Financials and Strategic Investment
Gujarat Fluorochemicals Limited (GFL) has announced the outcome of its Board of Directors meeting held on November 3, 2026. The board reviewed and approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. These results were also reviewed by the Audit Committee and come with Limited Review Reports from the statutory auditors.
Material Investment in EV Subsidiary
A significant decision made by the board was the approval of an investment in securities of its material subsidiary, GFCL EV Products Limited (“GFCL EV”), up to an amount of ₹600 Crores. This investment aims to fund GFCL EV’s capital expenditure and operational requirements for its future expansion plans. Given the materiality threshold under the Listing Regulations, this investment is subject to the approval of the Company’s shareholders. The proposed investment is considered a material related party transaction.
Details of GFCL EV Products Limited Investment:
- Name of Target Entity: GFCL EV Products Limited (“GFCL EV”)
- Size/Turnover for FY 2025-26: ₹32.94 Crores
- Industry: Battery Chemicals
- Purpose of Investment: To fund GFCL EV’s Capex and Operational requirements for future expansion.
- Indicative Time Period for Completion: FY 2026-27
- Consideration: Cash consideration of ₹600 Crores
- Current Holding: The Company currently holds 96.14% in GFCL EV.
- Background of GFCL EV: Incorporated on December 8, 2021, GFCL EV provides end-to-end integrated solutions across the battery value chain, including products for electric vehicles (EVs), energy storage systems (ESS), and battery components.
Financial Highlights:
The unaudited standalone financial results for the quarter ended September 30, 2026, show Revenue from operations at ₹1,700 Crores and a Profit before tax of ₹417 Crores. For the six months ended September 30, 2026, revenue was ₹3,002 Crores with a profit before tax of ₹689 Crores.
In its consolidated results, the company reported revenue from operations of ₹1,760 Crores for the quarter ended September 30, 2026, and a profit before tax of ₹339 Crores. For the six months ended September 30, 2026, consolidated revenue stood at ₹3,348 Crores with a profit before tax of ₹649 Crores.
The company also highlighted that the Scheme of Arrangement involving the demerger of Wind Business and amalgamation of Inox Leasing and Finance Limited into GFCL is in process. Furthermore, the impact of the New Labour Codes resulted in an ‘Exceptional Item’ of ₹18 Crores for the year ended March 31, 2026.
Source: BSE
