Gujarat Fluorochemicals Ltd's first-quarter profit declined, missing analysts' estimates.
The company's net profit fell 34.32% year-on-year to Rs 201.15 crore during the quarter ended June 30, according to a stock exchange filing Saturday. That compares with the Rs 275.05 crore consensus estimate of analysts tracked by Bloomberg.
Gujarat Fluorochemicals Q1 FY24 Highlights (Consolidated, YoY)
Revenue down 9.34% at Rs 1,209.26 crore (Bloomberg estimate: Rs 1,308.84 crore)
Ebitda down 24.18% at Rs 347.91 crore (Bloomberg estimate: Rs 363.39 crore)
Margin at 28.77% versus 34.40% in Q1 FY23
Net profit down 34.32% at Rs 201.15 crore (Bloomberg estimate: Rs 275.05 crore)
On Friday, shares of Gujarat Fluorochemicals fell 0.73% to Rs 2,808.90 apiece, even as the benchmark Nifty 50 ended the day 0.70% higher at 19,517.00 points.
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