Gujarat Fluorochemicals reports 67% fall in Q3 net profit

30 Jan 2013

Gujarat Fluorochemicals has reported results for third quarter ended December 31, 2012.

The company has reported 67.26% fall in its net profit at Rs 71.69 crore for the quarter as compared to Rs 218.98 crore for the same quarter in the previous year. Total income of the company has decreased by 35.40% at Rs 377.28 crore for quarter under review as compared to Rs 584.04 crore for the quarter ended December 31, 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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