Gujarat Fluorochemicals Q3 Results Review - Strong Beat; Venturing Into LFP: Prabhudas Lilladher

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.Gujarat Fluorochemicals Ltd. topline improved to Rs 9.9 billion (-30% YoY/ 4.7% QoQ), QoQ improvement primarily led by bulk chemicals and fluorochemicals. For fluoropolymers segment, while prices remained stable, demand was adversely impacted due to holiday season across the U.S. and Europe. While semiconductor grade PFA is already being supplied, other grades are expected to be launched soon along with solar and battery grade PVDF which are progressing towards commercialization in Q2 FY26. LiPF6 plant at Jolva has already been commissioned but commercialisation post customer approval is expected from Q2 FY25. Gujarat Fluorochemicals has announced a total investment of Rs 60 billion in its subsidiary for battery chemicals- GFCL EV along with foray into lithium ferrophosphate. The stock is trading at 67 times FY25 EPS. We upgrade the company to Hold with target price of Rs 3,727, valuing it at 45 times FY26 earnings per share. We have raised the multiple (earlier 35 times) to include option value of foray into LFP..Click on the attachment to read the full report:.UPL Q3 Results Review - Global Headwinds Continue To Dent Revenue: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Gujarat Fluorochemicals Q3 Results Review - Strong Beat; Venturing Into LFP: Prabhudas Lilladher

Expected to complete Rs 11 billion out of earlier announced capex of Rs 15 billion; rest to spill over to FY25

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