Gujarat Fluorochemicals Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022.
Q3 Results- QoQ
The chemical company has reported a decrease in sales revenue by 3.11% in Q3 FY2023 as compared to Q2 FY2023. The sales revenue has decreased from Rs 14.8559 billion in Q2 FY2023 to Rs 14.3932 billion in Q3 FY2023.
Furthermore, the company has reported a decrease in net profit by 8.8% in Q3 FY2023 as compared to Q2 FY2023. The net profit has decreased from Rs 3.6123 billion in Q2 FY2023 to Rs 3.2945 billion in Q3 FY2023.
Q3 Results- YoY
The chemical company has reported a significant increase in sales revenue of 38.95% in Q3 FY2023 as compared to Q3 FY2022. The sales revenue has increased from Rs 10.3588 billion in Q3 FY2022 to Rs 14.3932 billion in Q3 FY2023.
Additionally, the company has reported a substantial increase in net profit of 60.9% in Q3 FY2023 as compared to Q3 FY2022. The net profit has increased from Rs 2.0465 billion in Q3 FY2022 to Rs 3.2945 billion in Q3 FY2023.
9 Months – YoY
The chemical company has reported an impressive increase in sales revenue of 43.59% in the 9 months ended FY2023 as compared to the same period in FY2022. The sales revenue has increased from Rs 29.8427 billion in FY2022 to Rs 42.8508 billion in FY2023.
Additionally, the company has reported a substantial increase in net profit of 76.27% in the 9 months ended FY2023 as compared to the same period in FY2022. The net profit has increased from Rs 5.6559 billion in FY2022 to Rs 9.9694 billion in FY2023.
Gujarat Fluorochemicals Ltd is an Indian chemicals manufacturing company engaged in the manufacture and sale of fluoropolymers, fluorospecialities, refrigerants and chemicals.