Stallion India Fluorochemicals reports a sharp rise in profit driven by higher margins and expansion into new markets including helium and low-GWP refrigerants, signalling a strategic shift towards higher-value and environmentally friendly products.
Stallion India Fluorochemicals has started the current financial year with a sharp rise in profit, helped by stronger margins and progress on new capacity that is expected to widen its product mix beyond conventional refrigerant blending.
The Mumbai-based company said unaudited first-quarter revenue rose 12.78% from a year earlier to 124.68 crore rupees, while earnings before interest, tax, depreciation and amortisation jumped 75.85% to 25.27 crore rupees. Net profit climbed 79.15% to 18.57 crore rupees, with basic earnings per share increasing to 1.60 rupees from 1.15 rupees. The figures suggest that earnings growth outpaced sales as material costs eased as a share of revenue and the business moved further towards higher-value gas processing.
According to earlier company disclosures reported by Business Standard, Stallion had already been building out capabilities in liquid helium and semiconductor gases at its Khalapur facility, which includes 1,200 metric tonnes of annual liquid helium processing capacity. The company also secured environmental clearance for a 10,000 tonne-a-year R-32 plant at Bhilwara, a refrigerant used widely in air conditioning and viewed as a lower-global-warming-potential alternative. R-32 and related low-GWP refrigerants are increasingly favoured as regulators and manufacturers push for more climate-friendly cooling technologies.
Stallion said its Khalapur site is now ready to begin commercial high-purity helium operations in the next quarter, while work on projects at Mambattu in Andhra Pradesh and Bhilwara in Rajasthan is progressing towards completion by the end of calendar 2026. The company said it has funded expansion through a mix of internal accruals and net IPO proceeds, of which 102.71 crore rupees had been used by June 30, 2026, from a total of 144.75 crore rupees raised. Management said it expects revenue to grow at a compound annual rate of 30% to 35% over the next three years, with EBITDA margins improving by 3% to 4% as backward integration deepens.
The company’s push into helium is also backed by a long-term sourcing tie-up with Sharjah Oxygen Company in Dubai, which sources liquid helium from Qatar, according to another Business Standard report. That gives Stallion a platform in a market used in semiconductors, medical imaging, fibre optics and aerospace, alongside its core refrigerant business. The latest results come after a mixed final quarter of the previous fiscal year, when sales fell but full-year profit still rose, underscoring how new capacity and product diversification are now becoming central to the company’s growth story.
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