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Gujarat Fluorochemicals reports 42% fall in Q2 net profit

29 Oct 2012 Evaluate

Gujarat Fluorochemicals has reported results for second quarter ended September 30, 2012.

The company has registered a fall of 41.67% in its net profit at Rs 109.92 crore for the quarter ended September 30, 2012 as compared to Rs 188.44 crore for the same quarter in the previous year. Total income from operation has decreased by 39.57% at Rs 320.30 crore for quarter under review as compared to Rs 530.06 crore for the quarter ended September 30, 2011.

Gujarat Fluorochemicals, part of the $2 billion INOX group of companies, is engaged in manufacturing of chloro-fluorocarbon refrigerant gases and hydrous hydrofluoric acid. The INOX group has interests in areas of industrial gases, refrigerants, chemicals, carbon credits, cryogenic engineering, renewable energy and entertainment.

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