Analysts/Institutional Investor Meet/Con. Call Updates

GFCL: BRD: 2026 6th 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 S crip Code: 542812 Symbol: FLUOROCHEM Dear Sir/Madam, Sub: Transcript of conference call with Analysts/Institutional Investors held on 3rd November, 2026 Ref.: Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 This is further to our letter dated 26th October, 2026 and pursuant to Regulation 30(6) read with sub-para 15 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Transcript of conference call held with Analysts/Institutional Investors on 3rd November, 2026 at 16:30 Hrs. IST to discuss the Q2 and H1 FY27 Financial performance. The above information will also be made available on the website of the Company at www.gfl.co.in. We request you to kindly take the same on record. Thanking you, Yours faithfully, For Gujarat Fluorochemicals Limited Bhavin Desai Company Secretary FCS 7952 Encl.: As above “Gujarat Fluorochemicals Limited Q2 and H1 FY '27 Earnings Conference Call” November 03, 2026 MANAGEMENT: DR. BIR KAPOOR – CHIEF EXECUTIVE OFFICER AND DEPUTY MANAGING DIRECTOR – GUJARAT FLUOROCHEMICALS LIMITED MR. AKHIL JINDAL – GROUP CHIEF FINANCIAL OFFICER – GUJARAT FLUOROCHEMICALS LIMITED MR. MANOJ AGRAWAL – CHIEF FINANCIAL OFFICER – GUJARAT FLUOROCHEMICALS LIMITED MR. KAPIL MALHOTRA – BUSINESS HEAD, FLUOROPOLYMERS – GUJARAT FLUOROCHEMICALS LIMITED MR. RAJIV RAO – BUSINESS HEAD, BATTERY MATERIALS – GUJARAT FLUOROCHEMICALS LIMITED MODERATOR: MR. KARAN TALWAR – DAM CAPITAL ADVISORS Page 1 of 15 Gujarat Fluorochemicals Limited November 03, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Gujarat Fluorochemicals Limited Q2 and H1 FY '27 Earnings Call hosted by DAM Capital Advisors. As a reminder, all participant lines will be in the lesson only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Karan Talwar from DAM Capital Advisors. Thank you, and over to you. Karan Talwar: Thank you, Iqra. Good evening, everyone, and welcome to the Q2 and H1 FY '27 post results earnings call of Gujarat Fluorochemicals Limited. On behalf of DAM Capital Advisors, we thank the management for providing us with this opportunity. Today from the management, we have with us Dr. Bir Kapoor, the Deputy Managing Director and CEO of Gujarat Fluorochemicals; and along with him the other senior members of the management team. I would like to hand over the call to Dr. Bir Kapoor for his opening remarks, post which we can open the floor for Q&A. Thanks, and over to you, sir. Bir Kapoor: Thank you, Karan, and good afternoon, ladies and gentlemen. I welcome you all to Gujarat Fluorochemicals Limited's quarter 2 and H1 FY '27 earnings conference call. For this call, I have with me my colleagues, Mr. Akhil Jindal, who is Group CFO; Mr. Manoj Agrawal, CFO of GFL; Mr. Kapil Malhotra, Business Head of Fluoropolymers; and Mr. Rajiv Rao, who is the Business Head of our Battery Materials. Thank you for taking the time to join us today. I hope you had an opportunity to review our financial results and investor's presentation, which are available on the stock exchanges and on our company's website. Let me begin by briefly touching upon the broader global environment. The world continued to navigate through multiple uncertainties ranging from the ongoing conflict in Europe and developments in the Gulf region to evolving trade policies, tariff, volatility in financial and bond markets and climate-related uncertainties. Such developments have become an increasingly familiar part of the global operating environment, requiring businesses and economies to continuously adapt. Amid these challenges, it is encouraging to see how India has demonstrated remarkable resilience despite unprecedented external shocks and geopolitical uncertainties, the country has maintained its growth momentum, supported by strong domestic fundamentals, robust demand and a resilient economic framework. India's ability to navigate this complex global environment while remaining firmly on its growth trajectory is particularly encouraging. Against this backdrop, at GFL, we remain firmly focused on strengthening our position as a globally integrated chlorine chemistry and advanced materials company. Our strategy continues to be anchored around 3 key pillars: strengthening our core fluoropolymers business, expanding our fluorochemicals portfolio and building a scalable advanced battery materials platform as a future growth engine. During the quarter, we continued Page 2 of 15 Gujarat Fluorochemicals Limited November 03, 2026 to make progress across all 3 strategic priorities. Our efforts remain focused on expanding manufacturing capacities, strengthening technology and product development, enhancing backward integration and progressing customer qualification across our businesses. Let me touch upon chemical business first. Chemical segment revenue increased 42% year-on- year to INR1,723 crores, reflecting a healthy demand across the fluoropolymers and fluorochemicals portfolio. EBITDA grew 33% year-on-year to INR505 crores with sequential growth of 10%, demonstrating sustained operating momentum. Chemical segment's PAT increased 46% year-on-year to INR290 crores, outpacing revenue and EBITDA growth with increased PAT margin. On a consolidated basis, our quarter 2 FY '27 revenue stood at INR1,760 crores, registering a growth of 45% year-on-year and 11% quarter- on-quarter and EBITDA for the quarter stood at INR473 crores, registering a growth of 32% year-on-year and 11% quarter-on-quarter. The EBITDA margin for the quarter was steady and stood at 27%. The margin reflected the resilience of our operating performance despite the evolving market environment. Profit after tax for quarter 2 FY '27 stood at INR240 crores, representing a growth of 42% year-on-year and 10% quarter-on-quarter. Coming to the segment-wise performance, our fluoropolymers business continued to deliver healthy growth, while fluorochemicals witnessed a particularly strong performance during the quarter. Coming to our fluoropolymers business. Revenue for quarter 2 FY '27 stood at INR931 crores, registering a growth of 22% year-on-year compared with INR764 crores in quarter 2 FY '26. On a sequential basis, revenue grew by 2% from INR914 crores in quarter 1 FY '27. As indicated in our previous interactions, we had guided for an annual growth of 17% to 20% in our fluoropolymers business. We are pleased to have delivered 22% year-on-year growth this quarter and we remain confident of sustaining this growth trajectory going forward. We continue to see healthy demand across several application segments, particularly in high-performance and specialty applications such as FKM in automotive sector and PSA and modified PTFE in semiconductors and data centers. Our strategy remains focused on moving towards higher-value products and specialty grades, which are finding increasing applications across semiconductor manufacturing, electric mobility, electronics, chemical processing, renewable energy, data centers and other advanced industrial applications. During the quarter, our focus remained on capacity debottlenecking with plans to undertake additional growth capex over the next 1 year. We also continue to focus on improving our product mix, enhancing operating efficiencies and progressing with customer approvals for newer grades. Moving to our fluorochemicals business. Revenue for the quarter stood at INR607 crores, registering [Showing first 8,000 characters — download PDF for full document]