Navin Fluorine Q3 Review - High Margin Businesses Grow, Outlook Strong: Anand Rathi
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Anand Rathi Report
With strong 35% YoY growth in its high-value business, Navin Fluorine International Ltd.’s Q3 revenue/Ebitda/profit after tax grew 18.7%/22.9%/29.7% YoY. Its past business recovered, driven by normal demand.
Ahead, we are positive on the company’s future performance following the strong performance in its high-value business, product launches and revenue from the high performance product segment (Q4 FY22) and the commissioning of multi-purpose plant in H1 FY23.
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