TANFAC Industries Reports Q1 FY27 Revenue of ₹187 Cr, Up 6.3% YoY

TANFAC Industries Limited announced its unaudited financial results for Q1 FY27, reporting revenue of approximately ₹187 crore, a 6.3% year-on-year growth driven by higher capacity utilization and increased contribution from Solar Grade DHF. However, revenue saw a 3.1% sequential decline due to geopolitical disruptions in West Asia. Raw material and fuel costs were elevated, impacting Operating EBITDA. Profit After Tax (PAT) was affected by lower operating profit and deferred tax adjustments. The company highlighted the successful completion of a ₹250 crore QIP and a proposed ₹100 crore preferential issue, which will fund a ₹390 crore HFC-32 refrigerant gas project. This capital raise has made TANFAC net debt-free, positioning it for future growth and downstream expansion.