Gujarat Fluorochemicals Q4 net profit tumbles 70%, revenue slips 23%

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Gujarat Fluorochemicals Ltd (GFL) on Monday (May 6) reported a 69.6% year-on-year (YoY) drop in net profit at ₹101 crore for the fourth quarter that ended March 31, 2024.

In the corresponding quarter, Gujarat Fluorochemicals posted a net profit of ₹331.9 crore, the company said in a regulatory filing. The company’s revenue from operations dropped 23% to ₹1,133 crore against ₹1,471.4 crore in the corresponding period of the preceding fiscal.

At the operating level, EBITDA tanked 55.1% to ₹237.6 crore in the fourth quarter of this fiscal over ₹529.3 crore in the corresponding period in the previous fiscal.

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The EBITDA margin stood at 21% in the reporting quarter against 36% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

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The results came after the close of the market hours. Shares of Gujarat Fluorochemicals Ltd ended at ₹3,604.75, up by ₹22.75, or 0.64%, on the BSE.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow