TANFAC Industries Ltd-$ — earnings calls

TANFAC reported Q1 FY27 revenue of approximately Rs 187 crore, up 6.3% year-on-year, driven by continued ramp-up of the solar grade DHF business, while EBITDA margin was 15.3% due to elevated sulphur prices and higher power and fuel costs. The company completed a Rs 250 crore Qualified Institutional Placement and approved a proposed preferential issue of approximately Rs 100 crore, becoming net debt-free. Management also discussed progress on the HFC-32 refrigerant gas project, which is on schedule for commissioning by the end of Q3 FY27, and outlined plans for further expansion into solar grade DHF, AHF, and electronic grade chemicals.

TANFAC reported its highest ever quarterly and full year revenue of Rs 193 crore and Rs 711 crore respectively for Q4 and FY26, with revenue growing 27% year-on-year, while operating EBITDA margin declined to 16% from 23% in FY25 due to higher sulphur costs and one-off factors. Management detailed a Rs 495 crore capex plan for a 20,000 tonne HFC-32 and downstream fluorinated products facility at Cuddalore, targeted for commissioning by Q3 FY27, alongside existing long-term contracts worth over Rs 3,600 crore and solar grade DHF orders of about Rs 1,068 crore. Management also discussed capacity utilization levels across its Sulphuric acid, HF and specialty fluoride segments, and fielded extended questions on HFC-32 quota allocation under the government's phase-down framework.