Q3 2026 Gujarat Fluorochemicals Ltd Earnings Call Transcript
Key Points
- The reduction in US tariffs from 50% to 18% is expected to restore competitiveness and support recovery in volumes, pricing stability, and margin expansion.
- Demand in the fluoropolymers segment remains strong, particularly from the semiconductor sector, which is expected to support volume growth.
- The company is witnessing increasing momentum in the EV ESS segments globally, with improving order inflows and better visibility for FY27.
- The International Finance Corporation (IFC) has approved an investment of INR430 crore in the company's subsidiary, supporting the development of India's first integrated battery materials manufacturing facility.
- The company is setting up a state-of-the-art greenfield advanced battery materials project in Oman, with an estimated investment of USD 216 million, to produce battery materials for lithium-ion batteries.
- The quarter was challenging due to seasonal weakness in the Refrigerant segment and continued uncertainty around the US tariff situation.
- Revenue for the quarter stood at INR1,136 crore, a marginal decline of 1% year on year.
- EBITDA declined by 7% from INR304 crore in Q3 FY25 to INR283 crore in Q3 FY26, primarily due to the refrigerant portfolio facing multiple headwinds.
- R-22 production faced a dual impact of production quota reduction and seasonally subdued demand, affecting volumes and profitability.
- The delay in R-32 production start-up resulted in lower-than-expected profitability, and R-125 prices remained weak during the quarter.
Ladies and gentlemen, good day, and welcome to Gujarat Fluorochemicals Limited Q3 FY26 earnings conference call hosted by Avendus Spark Institutional Equities. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Arun Prasath from Avendus Spark Institutional Equities. Thank you, and over to you, sir.
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Thanks, Tanaka. Good evening, everyone. On behalf of Avendus Spark Institutional Equities, I welcome everyone to this earnings call to discuss the 3Q FY26 results of Gujarat Fluorochemicals Limited.
The company is represented by its Deputy Managing Director and CEO, Dr. Bir Kapoor, and the other senior members of the management team.
I first request Dr. Bir Kapoor for the opening remarks. Over to you, sir.
Thank you. Good afternoon,
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