Gujarat Fluorochemicals Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
October 18, 2022 at 03:59 am EDT
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Gujarat Fluorochemicals Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 14,613.4 million compared to INR 9,640.1 million a year ago. Revenue was INR 14,855.9 million compared to INR 10,101.2 million a year ago. Net income was INR 3,612.3 million compared to INR 2,071.5 million a year ago. Basic earnings per share from continuing operations was INR 32.52 compared to INR 18.66 a year ago.
For the six months, sales was INR 27,953.2 million compared to INR 18,759.5 million a year ago. Revenue was INR 28,457.6 million compared to INR 19,483.9 million a year ago. Net income was INR 6,674.9 million compared to INR 3,609.4 million a year ago. Basic earnings per share from continuing operations was INR 60.14 compared to INR 32.42 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.