Alufluoride Q1 FY27: When a raw material shock cut volumes, margins held

Revenue from operations fell 39% YoY to ₹26.6 crore due to tightened availability of FSA from late May 2026, which constrained volumes; the presentation states it was a volume issue, not demand or price.

Operating margin before other income improved to 17.1% in Q1FY27 from 16.4% in Q1FY26. The presentation attributes this to contracted May pricing and stocked alumina hydrate supporting unit economics.

PAT declined 12% YoY to ₹2.7 crore versus a 39% decline in operating revenue, supported by other income of ₹2.4 crore and a lower effective tax rate of 17.4% (vs 30.3% in Q1 FY26).

The presentation shows AlF3 operations contributed ₹26.0 crore of revenue in Q1FY27, while captive solar contributed ₹0.6 crore, indicating AlF3 dominates operating revenue.

The presentation states the largest customer accounted for 69% of AlF3 revenue in FY25 (52% in FY24), reflecting consolidation among Indian smelters.

Installed capacity is stated at 24,000 TPA (80 TPD) with the final phase completed in June 2026, and the company has 4.1 MW captive solar power.

The presentation states the constraint was disclosed on 23 May 2026 and that on 15 July 2026 the supplier reported the issue resolved and raised plant load, with operations being restored to normal levels.