Gujarat Fluorochemicals Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 03, 2023 at 11:09 am
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Gujarat Fluorochemicals Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 9,467.9 million compared to INR 14,613.4 million a year ago. Revenue was INR 9,602.9 million compared to INR 14,855.9 million a year ago. Net income was INR 527.4 million compared to INR 3,612.3 million a year ago. Basic earnings per share from continuing operations was INR 4.8 compared to INR 32.52 a year ago.
For the six months, sales was INR 21,560.5 million compared to INR 27,953.2 million a year ago. Revenue was INR 21,841.1 million compared to INR 28,457.6 million a year ago. Net income was INR 2,538.9 million compared to INR 6,674.9 million a year ago. Basic earnings per share from continuing operations was INR 23.11 compared to INR 60.14 a year ago.
Gujarat Fluorochemicals Limited is an India-based chemical company. The Company's business segment is chemicals, which comprises of bulk chemicals, fluorochemicals and fluoropolymer. The Company is engaged in the manufacturing and trading of refrigerant gases, caustic soda, chloromethane, polytetrafluoroethylene (PTFE), fluoropolymers, fluoromonomers, specialty fluorointermediates, speciality chemicals, mining and sale of fluorspar and allied activities. The Company caters to both domestic and international markets. Its chemical products include caustic soda, carbon tetrachloride, chlorine, methylene di chloride, hydrochloric acid, sodium hydrogen sulphate, hydrogen gas, fluorspar and anhydrous hydrogen chloride. Its fluoropolymers products include polyvinylidene fluoride (PVDF), fluorine kautschuk material (FKM), perfluoroaloxy alkanes (PFA), micro powder fluorinated ethylene propylene (FEP) and PPA. The Company's refrigerants products include R22, R32, R407C and R410A.