Navin Fluorine Q2 Review - Margin Pressure Persists; Improvement In H2: Systematix

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Research Report.Navin Fluorine International Ltd.’s Q2 FY22 results were slightly below our estimates with revenue/Ebitda/adjusted profit after tax growth of 6%/-7%/-9% YoY and 4%/8%/11% QoQ. Revenues were led by strong growth in the inorganic fluorides (33% YoY) and specialty fluorochemicals (20% YoY) segments. Domestic slowdown impacted the refrigerant gases and Contract Research and Manufacturing Services segments. Operating profit margin stood at 24.8% versus 28.4% YoY and 23.8% QoQ; the YoY contraction is attributable to-lower CRAMS revenue share of 24% versus 31% YoY, a 28% increase in employee costs due to strengthening of research and development/technical teams and a 15% rise in other expenses due to onetime consulting fees, high freight and power and maintenance costs. Navin Fluorine expects a sequential improvement in margins in the coming quarters..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Navin Fluorine Q2 Review - Margin Pressure Persists; Improvement In H2: Systematix

Navin Fluorine Q2 Review - Margin Pressure Persists; Improvement In H2: Systematix

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