Gujarat Fluorochemicals Q4 net up 296% at Rs112.8cr on Rs82cr loss on fair value changes in Mar-20 quarter

Gujarat Fluorochemicals reported 32.8% higher consolidated net revenues for the Mar-21 quarter at Rs840.26cr

Jun 18, 2021 06:06 IST India Infoline News Service

Gujarat Fluorochemicals
Gujarat Fluorochemicals reported 32.8% higher consolidated net revenues for the Mar-21 quarter at Rs840.26cr. On a sequential basis, net sales revenues were up 32.50% compared to total revenues in the Dec-20 quarter at Rs634.16cr.

Full year revenues for FY21 were 1.73% higher at Rs2,651cr. The huge loss in the sequential quarter was on account of an exceptional Rs583cr loss on account of tax liability of previous years. The company went through a scheme of arrangement in which the chemicals business was demerged.

For the Mar-21 quarter, Gujarat Fluorochemicals reported net profit of Rs112.8cr compared to a net profit of Rs28.51cr in the Mar-20 quarter. This was on account of a provision of Rs82cr made by the in the Mar-20 quarter on account of fair value changes in investments.

Net margins of 13.42% in the Mar-21 quarter compare favourably with NPM of 4.51% in the sequential Dec-20 quarter. For the FY21, the net cash generated from operations improved to Rs616cr compared to Rs546cr in the Mar-20 corresponding quarter.


Financial highlights for Mar-21 compared yoy and sequentially


Gujarat Fluorochemicals
Rs in Crore Mar-21 Mar-20 YOY Dec-20 QOQ
Total Income (Rs cr) ₹ 840.26 ₹ 632.71 32.80% ₹ 634.16 32.50%
Net Profit (Rs cr) ₹ 112.80 ₹ 28.51 295.65% ₹ -480.43 -123.48%
Diluted EPS (Rs) ₹ 10.04 ₹ 2.33 ₹ -43.80
Net Margins 13.42% 4.51% -75.76%

Related Story

Open Free Demat Account (Rs699)