Gujarat Fluorochemicals has reported unaudited results for the first quarter ended June 30, 2011
The company reported 280.34% jump in net profit at Rs 159.59 crore for the first quarter ended June 30, 2011 against Rs 41.96 crore in the corresponding quarter of previous fiscal. Total operating income grew 180.17% at Rs 518.76 crore for the quarter under review compared to Rs 185.16 crore for the same quarter previous year.
Gujarat Fluorochemicals (GFL) is engaged in manufacturing of chloro-fluorocarbon refrigerant gases and hydrous hydrofluoric acid. GFL is part of the $2 billion INOX group of companies. The INOX group has interests in areas of industrial gases, refrigerants, chemicals, carbon credits, cryogenic engineering, renewable energy and entertainment.