Gujarat Fluorochemicals Ltd. has reported consolidated net profit of Rs 108 crore in the quarter ended June 2024 as compared to Rs 201 crore in the same quarter of the previous fiscal.

The company posted revenue of Rs. Rs 1,176 crore for the quarter ended June 2024 as compared to Rs. 1,209 crore during corresponding quarter ended June 2023.

With respect to the fire incident in December 2021 at Ranjitnagar plant, the Group had recognized a total amount of Rs. 70 crores towards insurance claim lodged in the earlier year. During the year ended 31 March 2023, the Group had received an interim payment of Rs. 19 crores from the insurance company.

During the previous year ended 31 March 2024, the Group had also realized Rs. 3 crores from sale of related scrap and the carrying amount of insurance claim lodged as at 30 June 2024 is Rs. 48 crores. The insurance company is in the process of determining the final claim amount. Difference, if any, will be recognized upon the final determination of the claim amount.