India's Gujarat Fluorochemicals slumps after quarterly profit falls
BUZZ-India's Gujarat Fluorochemicals slumps after quarterly profit falls ** Shares of India's Gujarat Fluorochemicals GUJL.NS fall 4.48% to 3615 rupees
** Specialty chemicals maker posted a 41.4% y/y fall in Q4 profit, while revenue rose 11.8% year-on-year
** ICICI Direct says margins remained under pressure due to initial losses in the newly commissioned battery materials business, which dragged quarterly profitability
** Brokerage says heightened competition, lower realizations, and execution risks around ongoing expansion projects remain key monitorables going forward
** Emkay Global says the company's fourth-quarter loss was due to operating overheads and limited revenue ramp-up, though the demand outlook for fluoropolymers remains healthy
** YTD, stock down 1.32%
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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