Investor Presentation

GFCL: BRD: 2026-27 3rd November, 2026 The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street, Mumbai 400 001 Bandra (E), Mumbai 400 051 Scrip Code: 542812 Symbol: FLUOROCHEM Sub: Investor Presentation for Q2FY27 Ref.: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, please find enclosed the Investor Presentation for Q2FY27. The above information will also be made available on the website of the Company at www.gfl.co.in. We request you to take the above on your record. Thanking you, Yours faithfully, For Gujarat Fluorochemicals Limited Bhavin Desai Company Secretary FCS 7952 Encl.: As above Gujarat Fluorochemicals Limited Q2FY27 Content Earnings Update Financial Trend Company ESG & Awards Q2FY27 Overview 01 02 03 04 Q2FY27 Highlights (Rs. In Cr) Chemical Segment Chemical segment revenue increased 42% YoY to ₹1,723 crore, reflecting healthy demand Q2FY27 Q2FY26 YoY across the fluoropolymers and fluorochemicals portfolio. Revenue 1,723 1,210 42% EBITDA 505 381 33% Segment EBITDA grew 33% YoY to ₹505 crore, reflecting healthy growth across segments. EBITDA Margin 29% 31% -218 bps PAT 290 199 46% Chemical Segment PAT increased 46% YoY to ₹290 crore. PAT Margin 17% 16% 38 bps (Rs. In Cr) Battery Materials Q2FY27 Q2FY26 YoY Consolidated revenue for Q2FY27 stood at Rs. 1,760 crore, up by 45% on a YoY basis Revenue 37 - - EBITDA -32 -23 - EBITDA Margin - - - Consolidated EBITDA stood at Rs.473 crore, up by 32% on a YoY basis. PAT -50 -30 - PAT Margin - - - Consolidated PAT stood at Rs.240 crore, up by 42% on a YoY basis. (Rs. In Cr) Consolidated Q2FY27 Q2FY26 YoY Revenue 1,760 1,210 45% ROCE improved by 312 bps to 17.17% in H1FY27 as compared to 14.05% in FY26. EBITDA 473 358 32% ROE improved by 421 bps to 16.38% in H1FY27 as compared to 12.17% in FY26. EBITDA Margin 27% 30% -271 bps Working capital days reduced by 40 days to 152 days from 192 days in March 2026. PAT 240 169 42% PAT Margin 14% 14% - Consolidated Revenue from Operations Figures in Rs. Cr EBITDA & EBIDTA Margin Figures in Rs. Cr PAT & PAT Margin Figures in Rs. Cr Business Vertical – Battery Materials LiPF₆ sales ramping up well, with sales to five major global electrolyte players. Production is being progressively ramped up along with new plants being added to meet strong customer demand, backed by multi-year order visibility. LFP plant samples are progressing through customer qualification programs globally including India. We are now progressing towards development of higher end LFP grades. In view of strong emerging global market demand, further substantial capacity expansions underway. Multiple PVDF and PTFE grades are at advanced stages of customer qualification across both wet and next-generation dry electrode applications. Customer engagement remains strong, particularly in the US and Europe. With customer qualification programs progressing, commercial supplies under long-term supply agreements are now expected to commence from Q4FY27. Electrolyte engagement continues to progress well with domestic cell manufacturers across EV and BESS applications. Customer-specific formulations are being developed and supplied from our commercial plant for evaluation and qualification, priming us for their upcoming cell manufacturing programs. We expect domestic electrolyte demand to pickup towards the end of next financial year. Business Vertical – Fluoropolymers Revenue (Rs. Crore) Performance and Outlook - Fluoropolymers Performance: • The Fluoropolymers segment continued its growth momentum during Q2 FY27, with revenue increasing 22% YoY to ₹931 crore, compared with ₹764 crore in Q2 FY26. On a sequential basis, revenue grew by 2% QoQ from ₹914 crore in Q1 FY27. The performance reflects sustained demand across key product categories, supported by healthy volumes and an increasing focus on high-value products. Outlook: • Demand momentum is expected to remain resilient, supported by continued volume growth across key fluoropolymer products. • Increasing adoption of high-performance and speciality applications such as FKM in the automotive sector, and PFA and modified PTFE in semiconductors and data centers is expected to support product mix improvement and strengthen realisations • Growing demand from emerging applications, particularly semiconductors, data centers, electric mobility, and automotive, is expected to provide additional growth opportunities.. Business Vertical – Fluorochemicals Revenue (Rs. Crore) Performance and Outlook - Fluorochemicals Performance: • The Fluorochemicals segment delivered an exceptional performance during Q2 FY27, with revenue increasing 135% YoY to ₹607 crore, compared with ₹258 crore in Q2 FY26. • On a sequential basis, revenue grew 33% QoQ from ₹458 crore in Q1 FY27. The strong performance was primarily driven by higher sales of R32, supported by healthy demand across the broader refrigerant portfolio. Outlook: • Refrigerant demand and pricing remain stable in the near term, providing a supportive operating environment. • The full utilization of R32 capacity will further strengthen our market position, driving higher volumes. • R134a is expected to commence production by Q4FY27, which will further drive revenue and profitability from this segment. Business Vertical – Bulk Chemicals Revenue (Rs. Crore) Performance and Outlook – Bulk Chemicals Performance: • The Bulk Chemicals segment witnessed a 5% decline in revenue YoY and an 8% decline QoQ, primarily due to lower caustic soda prices and higher captive consumption of chloromethanes for R32 production. Outlook: • Demand for caustic soda is expected to remain stable during FY27, with pricing likely to be influenced by prevailing market dynamics. • Chloromethanes performance is expected to remain range-bound, while higher captive consumption for R32 production will support integration and value creation within the business. Earnings Update Financial Trend Company ESG & Awards Q2FY27 Overview 01 02 03 04 Historical Revenue, EBIDTA and PAT Trend Operating Revenues (Rs. Cr) EBITDA (Rs. Cr) and EBITDA Margin PAT (Rs. Cr) and PAT Margin Note: The FY26 EBITDA and PAT figures have been reinstated, as detailed in Note No. 4 to the Published Results RoCE, RoE, Working Capital & Capex Trend FY26,includes 4 days of GFCL EV business # Excluding capital employed in Capacity expansions in the last two years and Capital Work in Progress (Including EV), which will start generating revenues from next financial year. 13 Earnings Update Financial Trend Company ESG & Awards Q2FY27 Overview 01 02 03 04 IINNOOXXGGFFLL GGrroouupp –– UUSSDD 1166 BBnn IInnddiiaann CCoonngglloommeerraattee^^ INOXGFL Group, with a legacy of over nine decades, and currently with three listed entities, is a leader in energy transition. The Group is a forerunner in diversified business segments spanning fluoropolymers, fluorochemicals, battery chemicals, wind turbines, EPC, renewable O&M, solar cells & modules and renewable power generation. Chemicals Renewables Inox Wind is one of the leading fully integrated players in the Gujarat Fluorochemicals Ltd. is a leading Indian Chemicals wind energy market in India providing end-to-end turnkey Company supplying fluoropolymers and fluorochemicals to the Inox Clean is the holding company of Inox Neo Energies, the RE IPP, solutions to customers. Its offerings include manufacturing and global market. It is the largest PTFE / fluoropolymer and Inox Solar, the solar cell & module manufacturing entity supplies of 2MW, 3MW and the upcoming 4MW class WTGs, manufacturer in India. The company is developing products / EPC & infrastructure development (through subsidiary IRSL) grades across segments catering to new age businesses, and O&M (through subsidiary [Showing first 8,000 characters — download PDF for full document]