Hold Gujarat Fluorochemicals with target of Rs 4,548, says Prabhudas Lilladher
The company reported a 45.5 per cent year-on-year increase in consolidated revenue from operations for the second quarter of FY27.
Prabhudas Lilladher has maintained a 'HOLD' rating for Gujarat Fluorochemicals with a target price of Rs 4,548, according to a Moneycontrol report.
The company reported consolidated revenue from operations of Rs 17.6bn in Q2FY27, representing a 45.5 per cent increase year-on-year and a 10.8 per cent increase quarter-on-quarter.
The Fluorochemicals segment grew 135 per cent year-on-year and 33 per cent quarter-on-quarter, driven by higher R32 volumes and growth in the refrigerant portfolio.
The Fluoropolymers segment saw a 22 per cent year-on-year and 1.9 per cent quarter-on-quarter growth, supported by healthy volumes and a focus on high-value products.
Management has reiterated guidance of 20 per cent annual growth in Fluoropolymers, and incremental R134a capacity is expected to be commissioned in Q4FY27.
Battery Chemicals contributed Rs 410mn to revenue, with FY28 and FY29 expected to be key growth years, though only LiPF6 is expected to be the key contributor in FY27.