InvestorQ : What is the reason for good numbers by Gujarat Fluoro in the latest quarter Q2FY23?
Aditi Sharma made post

What is the reason for good numbers by Gujarat Fluoro in the latest quarter Q2FY23?

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Mahima Roy answered.
1 month ago
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Gujarat Fluorochemicals reported 51.6% sales growth at Rs1,461 crore. The fluorochemicals business has gained from the induced chemicals industry slowdown in China due to environmental reasons. Net profits were up 74.4% for Q2FY23 at Rs361.23 crore helped by higher forex gains and inventory efficiency gains. Net margins at 24.72% for Q2FY23 compared well with 21.49% in Q2Fy22 and 22.96% in Q1FY23.

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