Gujarat Fluorochemicals Q4 Review - Robust Earnings Outlook: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Gujarat Fluorochemicals Ltd.’s Q4 FY22 Ebitda came in at Rs 3.3 billion, up 3.9% QoQ / 70% YoY despite incident in Ranjith Nagar plant and unplanned shutdown at the tetra fluoro ethylene facility. Gujarat Fluorochemicals has outlined strong growth outlook for FY23:R125 and R142B to potentially add 10-11 kilo tonnes per annum to sales quantity from nil in FY22;benefit of 15-20% price increase in poly tetra fluoro ethylene flow-through;new fluoropolymers – expansion in capacity from 8.4 ktpa to 13.2 ktpa, and higher sales in more profitable products (FKM and PVDF) and likely double-digit price increase; andnew plant commissioning in fluoro specialty segment, and rise in utilisation. Company will start its battery chemicals plant in FY23, and some revenues are likely to flow in from FY24. It has increased capex outlay by 10% for the next two years on anticipation of a favorable market..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Gujarat Fluorochemicals Q4 Review - Robust Earnings Outlook: ICICI Securities

Gujarat Fluorochemicals Q4 Review - Robust Earnings Outlook: ICICI Securities

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