Performance and Outlook - Fluorochemicals

Revenue Business Vertical - Fluoropolymers 784 ↓ 3% 763 Q2FY23 Q3FY23 542 41% Q3FY22 Figures in Rs. Cr 763 Q3FY23 TM GER™ GUJARAT FLUOROCHEMICALS VALUE THROUGH GREEN CHEMISTRY An INOXGFL Group Company BEYOND INFINITY Performance and Outlook - Fluoropolymer Volumes and prices remained stable during the quarter, barring marginal impact due to holiday season in USA and Europe. Overall demand and prices are expected to remain stable during Q4FY23. In addition to de-bottlenecking of PTFE capacity, additional capacities for new fluoropolymers are being set-up and sales are expected to ramp up, from Q4FY23 onwards, over the next few quarters. The demand for new fluoropolymers continues to be robust, leading to price stability. 10

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