# Gujarat Fluorochemicals Posts 44% Q2 Profit Growth and Proposes ₹600 Crore EV Investment

> Gujarat Fluorochemicals reported a 44% rise in Q2 net profit to ₹243 crore and proposed a ₹600 crore investment in its EV subsidiary, GFCL EV Products.

- Published: 2026-11-03T10:16:12+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-03/gujarat-fluorochemicals-q2-profit-ev-investment
- Source: [CNBCTV18](https://www.cnbctv18.com/market/earnings/gujarat-fluorochemicals-strong-q2-results-profit-growth-rs-600-crore-investment-ev-arm-20025976.htm)

## Key takeaways

- Gujarat Fluorochemicals reported a 44% year-on-year rise in Q2 net profit to ₹243 crore.
- Revenue surged 46% to ₹1,760 crore, while EBITDA margin contracted to 28% from 32%.
- The company proposed investing up to ₹600 crore in its EV subsidiary, GFCL EV Products Ltd, subject to shareholder approval.

[Gujarat Fluorochemicals](https://akta.pro/company-profiles/0000jtv/gujarat-fluorochemicals) Ltd reported a 44% year-on-year rise in Q2 net profit to ₹243 crore and proposed investing up to ₹600 crore in its EV subsidiary, [GFCL EV](https://akta.pro/company-profiles/00025zd/gfcl-ev) Products Ltd, subject to shareholder approval. [CNBCTV18](https://www.cnbctv18.com/market/earnings/gujarat-fluorochemicals-strong-q2-results-profit-growth-rs-600-crore-investment-ev-arm-20025976.htm) reported the results on November 3, 2026. Gujarat Fluorochemicals is an Indian specialty chemicals manufacturer specialising in fluorine chemistry, producing fluoropolymers, fluorospeciality chemicals, refrigerants, and industrial chemicals for global B2B customers.

## Gujarat Fluorochemicals' Q2 Profit and Revenue Growth

Gujarat Fluorochemicals' consolidated net profit rose 43.8% year-on-year to ₹243 crore, compared with ₹169 crore in the corresponding period last year. Revenue surged 45.5% to ₹1,760 crore from ₹1,210 crore a year earlier. EBITDA increased 26.9% to ₹491 crore, against ₹387 crore in the year-ago quarter. However, EBITDA margin contracted to 28% from 32% in the corresponding quarter last year, indicating that profitability growth lagged the pace of revenue expansion.

The company proposed an investment of up to ₹600 crore in the securities of GFCL EV Products Ltd, a material subsidiary. The proposed investment is subject to shareholder approval, as it falls within the materiality threshold under Regulation 23 of the SEBI Listing Regulations. The company made the disclosure under Regulation 30 of the Listing Regulations. GFCL EV Products is part of the group's electric vehicle-focused business.

## GFCL EV's Funding and Battery Materials Push

According to akta.pro [company records](https://akta.pro/company-data), GFCL EV Products raised an additional $80 million from a global investor in March 2026, bringing total capital raised to $130 million, with prior IFC funding, to scale integrated battery-materials manufacturing for lithium-ion and sodium-ion batteries. In February 2026, GFCL EV Products incorporated a wholly-owned Omani subsidiary, GFCL EV (SFZ) LLC, to set up Oman's first advanced battery materials project for electric vehicles and energy storage in Salalah Free Zone, with an initial investment of $216 million. The same records show GFCL EV Products has secured long-term contracts with global cell manufacturers for battery materials supply and has begun first exports to the USA and Europe.

## Earlier Earnings Reports From Gujarat Fluorochemicals

In August 2026, Gujarat Fluorochemicals reported a 20% year-on-year rise in Q1FY27 net profit to ₹219 crore, with chemicals segment EBITDA up 29% and PAT doubling, according to ScanX. Business Standard reported a 21.43% year-over-year increase in Q1 FY27 consolidated net profit to Rs 221 crore, alongside a 23.97% rise in net sales to Rs 1,588 crore. CNBCTV18 reported Q1 FY27 revenue growth of 24% to ₹1,588 crore.

## Gujarat Fluorochemicals' Next Steps

The proposed ₹600 crore investment in GFCL EV Products requires shareholder approval. Gujarat Fluorochemicals filed its FY26 integrated annual report on August 27, 2026, and notified its Eighth AGM for September 24, 2026, according to ScanX.

## Companies in this story

- [Gujarat Fluorochemicals company profile](https://akta.pro/company-profiles/0000jtv/gujarat-fluorochemicals) · website: https://www.gfl.co.in
- [GFCL EV company profile](https://akta.pro/company-profiles/00025zd/gfcl-ev) · website: https://www.gfclev.co.in

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