Event Type: Q1 FY27 Earnings Conference Call hosted by 360 ONE Capital Private Limited.

Date and Time: The conference call was held on 12th August, 2026 at 17:00 Hrs. IST.

Purpose: To discuss the Q1 FY27 financial performance, business updates, demand environment, and outlook.

Management Participants:

  • Dr. Bir Kapoor – Chief Executive Officer and Deputy Managing Director
  • Mr. Manoj Agrawal – Chief Financial Officer
  • Mr. Kapil Malhotra – Business Head, Fluoropolymers
  • Mr. Rajiv Rao – Business Head, Battery Materials – GFCL EV Products Limited

Availability of Materials: The results along with the earnings presentation were made available on the stock exchanges and the company website at www.gfl.co.in. The transcript of the conference call was filed with the exchanges pursuant to Regulation 30(6) of the SEBI (LODR) Regulations, 2015.

Financial Period Discussed: Q1 FY27 (Quarter ending June 2026)

Key Financial Highlights (Consolidated):

  • Revenue from operations: INR 1,588 crores (24% YoY growth, 16% QoQ growth)
  • EBITDA: INR 428 crores (24% YoY growth, 39% QoQ growth)
  • EBITDA Margin: 27% (expanded from 22% in Q4 FY26)
  • PAT: INR 219 crores (19% YoY growth, 128% QoQ growth)
  • PAT Margin: 14% (expanded from 7% in Q4 FY26)
  • ROCE: 16.6% (improved 258 bps from FY26)
  • ROE: 15.18% (improved 301 bps from FY26)
  • Working Capital Days: 149 days (reduced by 43 days from Q4 FY26)

Key Financial Highlights (Chemical Segment):

  • Revenue: INR 1,574 crores (23% YoY growth, 16% QoQ growth)
  • EBITDA: INR 458 crores (29% YoY growth, 30% QoQ growth)
  • PAT: INR 261 crores (33% YoY growth, 56% QoQ growth)
  • EBITDA Margin: 29% (expanded from 26% in Q4 FY26)
  • PAT Margin: 17% (expanded from 12% in Q4 FY26)

Business Performance Breakdown:

Fluoropolymers Business:

  • Revenue grew 15% YoY and 8% QoQ
  • Growth driven by emerging applications in semiconductors, data centers, electronics, automotive, green hydrogen
  • Focus on higher-value grades and product mix improvement
  • Expecting 17-20% annual growth going forward

Fluorochemicals Business:

  • Exceptional performance with 52% YoY and 44% QoQ revenue growth
  • Primarily driven by R32 refrigerant sales
  • R32 capacity expansion expected in Q2 FY27
  • R134A project on track for commissioning in FY27

Bulk Chemicals Business:

  • Steady performance with 11% YoY and 1% QoQ revenue growth
  • Primarily driven by improved realizations

Battery Materials Business (GFCL EV Products):

  • LiPF6 salt: Advancing capacity expansion and customer commercialization
  • Electrolytes: Qualification activities with Indian cell manufacturers progressing
  • LFP cathode active materials and PVDF binders: Focus on product consistency and qualification
  • Expecting significant traction towards end of FY27 and FY28
  • Targeting 3-digit revenue by Q4 FY27

Capacity Expansion and Capex Update:

  • Total announced capex plan: INR 6,000 crores
  • FY27 EV products capex: INR 2,300 crores
  • FY27 chemical business capex: INR 800 crores
  • CWIP of INR 1,900 crores expected to capitalize to ~INR 1,200 crores by year-end
  • Oman battery materials project put on hold, capacities being relocated to India
  • Land available in Dahej B plant for immediate expansions

Strategic Outlook:

  • FY27 expected to be important growth year
  • Established businesses generating healthy growth and strong cash flows
  • Battery materials providing multiple avenues for next phase of growth
  • Priorities: capacity expansion execution, customer engagement, product qualification
  • Committed to disciplined capital allocation and focus on returns

Additional Notes Section

Attachments: The regulatory filing included the transcript of the conference call held on 12th August, 2026.

Financial Data Disclosure: The announcement contained extensive financial data from Q1 FY27 results including revenue, EBITDA, PAT, margins, and segment-wise performance metrics.

Compliance Statement: The document represents a regulatory filing of the earnings call transcript as required by SEBI LODR regulations, but no specific statement about UPSI was included in the provided text.