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Gujarat Fluorochemicals (FLUOROCHEM) investor relations material
Gujarat Fluorochemicals Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 FY 2026 was challenging due to seasonal refrigerant weakness, holiday seasonality in key markets, and elevated U.S. tariffs impacting volumes and realizations; consolidated revenue was ₹1,136 crore, down 1% year-on-year.
EBITDA for Q3 FY 2026 was ₹275 crore, down from ₹294 crore year-over-year, and PAT was ₹102 crore, reflecting margin pressures across segments.
An exceptional item of ₹17 crore related to new labour code implementation was recognized in Q3 FY 2026.
Recent reduction in U.S. tariffs from 50% to 18% is expected to restore competitiveness and support recovery in export markets.
Strong demand in fluoropolymers, especially from the semiconductor sector, and momentum in EV and energy storage segments are expected to drive future growth.
Financial highlights
Q3 FY 2026 revenue was ₹1,136 crore, a 1% year-on-year decline; EBITDA was ₹275 crore, down 7% from Q3 FY 2025.
PAT for Q3 FY 2026 was ₹102 crore, down from ₹126 crore in Q3 FY 2025.
Consolidated EBITDA margin declined to 24.21% from 25.62% YoY; PAT margin dropped to 10.12% from 11.02%.
Sequentially, consolidated revenue fell 6% and EBITDA dropped 24% from Q2 FY 2026.
Refrigerant portfolio faced the most pressure due to quota reductions and subdued demand.
Outlook and guidance
Tariff rationalization, R32 production commencement, and EV/ESS adoption are expected to drive revenue and profitability recovery.
Fluoropolymers segment expects volume growth following a US-India trade agreement, supporting topline and margin.
Battery materials business expects progressive volume scale-up as customer offtake increases and new investments are executed.
FY 2027 is projected to see healthy revenue growth, especially from battery materials.
Full utilization of current battery material capacities expected by FY 2028.
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