Chemical
Revenue to be affected says GFL
The demand for companies products and supply chains has been adversely affected due to lockdown in many countries and overall slowdown in the economy.
- By Pravin Prashant
| June 10, 2020
The revenue of Gujarat Fluorochemicals Limited (GFL) in the forthcoming quarter will be affected to some extent.
In addition, the profitability of the company in the upcoming couple of quarters may also get impacted to some extent. The company has been meeting all its financial obligations and presently, internal financial control and reporting are not affected.
The demand for companies products and supply chains has been adversely affected due to lockdown in many countries and overall slowdown in the economy. However, none of these impacts are significant, and the company is confident of returning to normalcy shortly.
The company is complying with all the requirements related to social distancing, mandatory wearing of face masks and face covers and is having proper sanitization at proper intervals at its plants and offices.
All locations across the country have been sanitized to ensure that all employees are safe and secure. The company has put in place thermal screening of all employees and visitors; sanitization of all company premises; mandatory wearing of masks at the workplace; taking regular updates on the health of all the employees; and downloading of Aarogya Setu App by all employees.
Considering the fact that the situation is exceptional and changing dynamically, the company is not in a position to gauge with certainty, the future impact on its operations. However, the company is confident about adapting to the changing business environment.
The company's plants at Ranjitnagar and Dahej have restarted manufacturing operations from 8th April, 2020 after obtaining necessary permissions from concerned government authorities.
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