Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and half year ended 30th September, 2026
Nature of Filing / Announcement: Outcome of Board Meeting dated 3rd November, 2026
Audit Opinion:
Clean/Unmodified review report from statutory auditors for both standalone and consolidated financial results
Key Financial Highlights [Rs. in Crores]:
Standalone Results:
Quarter ended 30 September 2026:
- Revenue from Operations: ₹1,700 (YoY growth: 50% from ₹1,131 in Q2 FY26)
- Total Income: ₹1,705
- Net Profit: ₹309 (YoY growth: 58% from ₹195 in Q2 FY26)
- EPS: ₹28.12 (not annualized)
Half year ended 30 September 2026:
- Revenue from Operations: ₹3,002 (YoY growth: 30% from ₹2,305 in H1 FY26)
- Total Income: ₹3,014
- Net Profit: ₹510 (YoY growth: 34% from ₹380 in H1 FY26)
- EPS: ₹46.47 (not annualized)
Standalone Balance Sheet as at 30 September 2026:
- Property, Plant & Equipment: ₹3,554
- Capital Work-in-Progress: ₹996
- Cash & Cash Equivalents: ₹76
- Total Borrowings: ₹1,403 (Current: ₹1,193 + Non-current: ₹210)
- Other Equity: ₹7,575
- Total Assets: ₹10,513
Consolidated Results:
Quarter ended 30 September 2026:
- Revenue from Operations: ₹1,760 (YoY growth: 45% from ₹1,210 in Q2 FY26)
- Total Income: ₹1,770
- Net Profit: ₹240 (YoY growth: 42% from ₹169 in Q2 FY26)
- EPS: ₹22.11 (not annualized)
- Net Profit attributable to owners: ₹243
Half year ended 30 September 2026:
- Revenue from Operations: ₹3,348 (YoY growth: 34% from ₹2,491 in H1 FY26)
- Total Income: ₹3,370
- Net Profit: ₹459 (YoY growth: 33% from ₹346 in H1 FY26)
- EPS: ₹42.28 (not annualized)
- Net Profit attributable to owners: ₹464
Consolidated Balance Sheet as at 30 September 2026:
- Property, Plant & Equipment: ₹4,424
- Capital Work-in-Progress: ₹2,457
- Cash & Cash Equivalents: ₹299
- Total Borrowings: ₹2,234 (Current: ₹1,583 + Non-current: ₹651)
- Other Equity: ₹8,381
- Non-controlling Interest: ₹60
- Total Assets: ₹12,841
Segment-wise Performance:
The Group has two reportable business segments: Chemicals and EV Products
Quarter ended 30 September 2026:
- Chemicals Segment Revenue: ₹1,743
- EV Products Segment Revenue: ₹41
- Chemicals Segment EBITDA: ₹505
- EV Products Segment EBITDA: (₹32) loss
- Chemicals Segment PBT: ₹389
- EV Products Segment PBT: (₹50) loss
Half year ended 30 September 2026:
- Chemicals Segment Revenue: ₹3,353
- EV Products Segment Revenue: ₹70
- Chemicals Segment EBITDA: ₹963
- EV Products Segment EBITDA: (₹62) loss
- Chemicals Segment PBT: ₹741
- EV Products Segment PBT: (₹92) loss
Corporate Actions:
- Investment Approval: Board approved investment of up to ₹600 Crores in securities of GFCL EV Products Limited, a material subsidiary
- Shareholding: Company currently holds 96.14% in GFCL EV Products Limited
- Funding Purpose: To fund capex and operational requirements for future expansion plans
- Approval Required: Subject to shareholder approval as it qualifies as material related party transaction
Other Significant Information:
- Subsidiary Restatement: GFCL EV Products Limited derecognized deferred tax asset of ₹24 crores and identified ₹22 crores of expenditure in CWIP that didn't meet capitalization criteria, leading to restatement of comparative figures
- New Subsidiaries: GFCL Semiconductor and Advanced Materials Limited (incorporated 26 June 2026) and GFCL EV New Age Materials SAOC (incorporated 3 June 2026)
- Subsidiary Network: Company has 10 subsidiary/associate/joint venture companies across India, USA, Germany, Singapore, Morocco, Oman, and Dubai