Shares of Gujarat Fluorochemicals Ltd. declined nearly 4% on Monday after the company reported its third quarter earnings.Gujarat Fluoro’s December quarter results declined across parameters.
Its net profit was down 18.3% at ₹103 crore in the third quarter compared to 126 crore in the previous year.
Its revenue was down 1% at ₹1,136 crore from ₹1,148 crore in the third quarter of the previous year.Its earnings before interest, tax, depreciation and amortisation (EBITDA) declined 6.5% to 275 crore from 294 crore in the third quarter last fiscal.
Its margin contracted as well to 24.2% from 25.6% in the year-ago period.
The stock was down 3.4% at ₹3,373 apiece around 2pm on Thursday. It has declined 12.3% in the past year.
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