Working capital has increased in recent years from ~120 to 180 days as Gujarat Fluorochemicals stocks inventories in the US and Germany, and for the EV business, samples are being sent continuously to customers for approvals.
(Photo source: GFL website)
Gujarat Fluorochemicals’ Q2 revenue stood at Rs 12.1 billion (+2% YoY/ -6% QoQ). Fluoropolymers revenue at Rs 7.6 billion (+8% YoY/-4% QoQ) as US tariffs led to a sequential decline.