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Dolat Capital Report
Navin Fluorine International Ltd. reported a healthy consolidated sales growth of 18.7% YoY to Rs 3.09 billion (marginal sequential de-growth of 3.1%).
Ebitda grew by 22.9% YoY to Rs 805 million and profit after tax growth stood at 29.7% YoY to Rs 589 million.
The company’s growth momentum in new-age businesses aided higher profitability, as order enquiries in contract research and manufacturing services and small de-bottlenecking capex’ bear fruits.
Headwinds in refrigerant gases are yet to relinquish, as realisations and volumes of R-22 gas continue to be under-pressure.
While Inorganic fluorides business has now seen a couple of client addition – which could improve growth visibility in ensuing quarters
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