Gujarat Fluorochemicals Revenue History — Quarter by Quarter

Gujarat Fluorochemicals's revenue moved from ₹1,209 Cr in Q1 FY24 to ₹1,136 Cr in Q3 FY26, a -6.0% change over 11 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ Cr)	YoY Change
Q3 FY26	₹1,136 Cr	-1%
Q2 FY26	₹1,210 Cr	+2%
Q1 FY26	₹1,281 Cr	+5%
Q4 FY25	₹1,225 Cr	+8%
Q3 FY25	₹1,148 Cr	+16%
Q2 FY25	₹1,188 Cr	+25%
Q1 FY25	₹1,176 Cr	—
Q4 FY24	₹1,133 Cr	—
Q3 FY24	₹992 Cr	—
Q2 FY24	₹947 Cr	-35%
Q1 FY24	₹1,209 Cr	-9%

What management said about revenue

Q3 FY26 · R32 capacity to reach 20,000 tons by mid-2026

First phase of R32 plant commissioned in February 2026; ramp-up to 20,000 tons expected by mid-2026, delayed by a quarter from earlier guidance.

Q3 FY26 · Battery materials capacities to be fully utilized by FY27 end

Current LiPF6, LFP CAM, and binder capacities expected to be fully utilized by end of FY2027, with revenue ramp-up through the year.

Q2 FY26 · Fluoropolymer revenue growth of 25% for FY26

Management reiterated 25% growth guidance for fluoropolymer segment, expecting H2 recovery despite tariff headwinds.

Q2 FY26 · R32 capacity of 20,000 MT by March 2026

R32 capacity expansion to 20,000 MT by end of FY26 remains on track; plant restart expected by end of November.

Q1 FY26 · Fluoropolymer segment to grow 25% in FY26

Management expects 25% revenue growth in Fluoropolymer for FY26, driven by new approvals and legacy player exit.

Q1 FY26 · R32 capacity to reach 20,000 MT by end of FY26

R32 capacity will be ramped up to 20,000 metric tons by end of FY26 through retrofitting, with first shipment already made.

Q1 FY26 · Battery chemicals revenue to ramp up meaningfully from FY27

Battery chemicals revenue will start trickling in H2 FY26, with significant ramp-up expected in FY27 as qualifications complete.

Q4 FY25 · Fluoropolymer growth of ~25% in FY26

Management expects ~25% year-on-year growth in fluoropolymers revenue, driven by new fluoropolymers and legacy player exits.

Q4 FY25 · R32 commissioning in H2 FY26

R32 plant expected to commence commercial sales in the second half of FY26, with a target capacity of 20,000 tonnes.

Q4 FY25 · EV battery revenue trickling in from H2 FY26

Revenue from EV battery materials (LiPF6, LFP, binders, electrolytes) expected to start in H2 FY26, with ramp-up in FY27.

Q3 FY25 · Fluoropolymer full capacity utilization by end-FY26

Management expects to achieve full capacity utilization in the fluoropolymer segment by the end of FY26, driven by new product qualifications and market demand.

Q2 FY25 · Commercial supplies from EV business to commence from Q4 FY25

Management expects initial commercial supplies of battery materials (salt, electrolyte, etc.) to start from Q4 FY25, following customer qualifications.