Name: Latest research reports of Gujarat Fluorochemicals Ltd. authored by KRChoksey and published by - Trendlyne research reports.
Item: Gujarat Fluorochemicals Ltd.
Rating: 4
Author: KRChoksey

Weak quarter owing to export destocking, expect recovery from H2FY24

Accumulate: Gujarat Fluorochemicals Ltd.

Recommendation Target

KRChoksey

Gujarat Fluorochemicals' revenue plummeted to INR 9,468 Mn, a 35.2% YoY / 21.7% QoQ decline. Performance declined in all three business segments: Bulk Chemicals, Fluoropolymers, and Fluorochemicals. In the Bulk Chemicals segment, revenue were flat on a QoQ basis, but profits were negatively impacted by a drop in commodity prices.