24 Oct 2022 , 06:57 PM
The company is into the manufacture of specialty chemicals and this business has seen demand expand in the aftermath of troubles in China. However, export markets have been tepid amid recession fears.
The company has declared an interim dividend of Rs5 per share. Cash from operations for first half fell sharply on a yoy basis due to working capital.
With uncertainty, the working capital locked in inventories has also put pressure on the quarterly performance of Navin Fluorine.
PAT margins were lower at 13.79% in the Sep-22 quarter compared to 18.65% in the Sep-21 quarter and also lower than 18.73% in June 2022 quarter. Net profits were higher on a half yearly basis.
Financial highlights for Sep-22 compared yoy and sequentially
Navin Fluorine | |||||
Rs in Crore | Sep-22 | Sep-21 | YOY | Jun-22 | QOQ |
Total Income (Rs cr) | ₹ 419.20 | ₹ 338.96 | 23.67% | ₹ 397.52 | 5.45% |
Net Profit (Rs cr) | ₹ 57.81 | ₹ 63.23 | -8.57% | ₹ 74.45 | -22.35% |
Diluted EPS (Rs) | ₹ 11.66 | ₹ 12.75 | ₹ 15.01 | ||
Net Margins | 13.79% | 18.65% | 18.73% |
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