Analysts/Institutional Investor Meet/Con. Call Updates

GFCL: BRD: 2026 19th August, 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 12th August, 2026 Ref.: Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 This is further to our letter dated 6th August, 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 12th August, 2026 at 17:00 Hrs. IST to discuss the Q1FY27s 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 Q1 FY27 Earnings Conference Call” August 12, 2026 MANAGEMENT: DR. BIR KAPOOR – CHIEF EXECUTIVE OFFICER AND DEPUTY MANAGING DIRECTOR – 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 – GFCL EV PRODUCTS LIMITED MODERATOR: MR. ROHIT NAGRAJ – 360 ONE CAPITAL PRIVATE LIMITED Page 1 of 17 Gujarat Fluorochemicals Limited August 12, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Gujarat Fluorochemicals Limited Q1 FY27 Earnings Conference Call hosted by 360 ONE Capital Market Private Limited. As a reminder, all participants' lines will be in listen-only mode and there will be an opportunity to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand over the conference to Mr. Rohit Nagraj from 360 ONE Capital Private Limited. Thank you, and over to you, sir. Rohit Nagraj: Thanks, Pari. We thank Gujarat Fluorochemicals management for providing us with the opportunity to host their Q1 FY27 conference call. We have with us Dr. Bir Kapoor, CEO and Deputy Managing Director, along with the senior members of the management team from Gujarat Fluorochemicals. I would like to hand over the call now to Dr. Bir for his opening remarks, following which we'll have a Q&A session. Thanks, and over to you, sir. Bir Kapoor: Thanks, Rohit. Good afternoon, everyone, and a very warm welcome to all of you for GFL's Quarter 1 FY27 Earnings Call. For this call, I have with me my colleagues, Mr. Manoj Agrawal, CFO of GFL; Mr. Kapil Malhotra, Business Head of Fluoropolymers; and Mr. Rajiv Rao, Business Head of Battery Materials. The company announced its Q1 FY27 results at the Board meeting held today. The results, along with the earnings presentation are already available on the stock exchanges and on our website. I'll briefly take you through the key financial highlights, followed by an update on our business performance, demand environment and outlook. The global business environment remains challenging with ongoing supply chain disruptions, commodity price volatility and an increasingly complex operating landscape. At the same time, the businesses are adapting to these evolving conditions, creating both challenges and opportunities across markets for us. Despite these market-specific challenges, GFL has delivered a strong start to FY27. Healthy demand across key product categories, disciplined execution and improving operating leverage enabled us to deliver broad-based growth across our core chemical businesses. On a year-on-year basis, revenue from our Chemical segment increased 23% to INR 1,574 crores, compared to INR 1,281 crores in Q1 FY26. Chemical segment EBITDA grew 29% to INR 458 crores from INR 354 crores, while segment PAT increased 33% to INR 261 crores. This performance was primarily driven by strong growth in our fluoropolymer and fluorochemical businesses. At the consolidated level, revenue from operations grew 24% year-on-year to INR 1,588 crores. EBITDA increased 24% to INR 428 crores, while consolidated PAT stood at INR 219 crores, representing 19% growth over the same period last year. Page 2 of 17 Gujarat Fluorochemicals Limited August 12, 2026 Our performance was even stronger on a sequential basis. Within the Chemical segment, revenue grew 16% quarter-on-quarter to INR 1,574 crores, while EBITDA increased 30% to INR 458 crores. EBITDA margin improved from 26% in Q4 FY26 to 29% in Q1 FY27, reflecting the benefits of higher volumes, improved product mix and operating leverage. Segment PAT increased 56% sequentially to INR 261 crores with PAT margins expanding from 12% to 17%. At the consolidated level, revenue increased 16% quarter-on-quarter to INR 1,588 crores, while EBITDA grew 39% to INR 428 crores. EBITDA margin also expanded from 22% to 27% and consolidated PAT more than doubled to INR 219 crores, resulting in a PAT margin improvement from 7% to 14%. We also continue to make progress on key return and efficiency metrics during the quarter. ROCE improved by 258 basis points to 16.6% in Q1 FY27 compared to 14% in FY26, while ROE improved by 301 basis points to 15.18% from 12.17% in FY26. Our focus on working capital efficiency has also yielded strong results with working capital days reducing by 43 days to 149 days as of Q1 FY27 compared to 192 days as of Q4 FY26. These improvements reflect not only the strength of our operating performance, but also our continued focus on capital efficiency, cash generation and disciplined execution across the organization. Let me now take you through the performance and outlook of our key businesses. Starting with fluoropolymers, we continue to see encouraging demand trends across the portfolio, supported by improving volumes across fluoropolymers. The expansion of new-age applications is creating attractive growth opportunities, particularly in areas such as semiconductors, data centers, electronics, automotive, green hydrogen and advanced industrial applications. We are also seeing a gradual improvement in product mix, supported by increasing contributions from higher-value grades. Reflecting these trends, fluoropolymer revenue grew 15% year-on- year and 8% sequentially during the quarter. This growth was achieved despite a challenging global environment. Moving to fluorochemicals. The business delivered an exceptionally strong quarter. Revenue increased 52% year-on-year and 44% quarter-on-quarter, driven primarily by R32 refrigerant sales, along with healthy growth across our refrigerant portfolio. As previously communicated, we are expanding our R32 capacity, which is expected to be commissioned in Q2 FY27. With existing capacity utilization already at peak levels, this expansion will enhance our ability to participate in the growing global R32 market and support future demand growth. In parallel, we continue to expand our refrigerant portfolio. Our R134A project remains on track and is expected to be commissioned during this financial year. Combined with our integrated manufacturing capabilities, established global marketing network and long-standing customer relationships, this will further strengthen our ability to serve growing refrigerant demand across both domestic and international markets. A more complete bouquet of products will enable us to leverage the strong brands that we have built globally over the last three decades. Page 3 of 17 Gujarat Fluorochemicals Limited August 12, 2026 Turning to bulk chemicals. The segment deli [Showing first 8,000 characters — download PDF for full document]