Navin Fluorine Q4FY22 PAT up 0.48% to Rs75.15 crore yoy as sales offset by operating costs

8 May 2022 , 09:10 AM

Navin Fluorine Ltd reported 21.56% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs408.94 crore. On a sequential basis, revenues were higher for the quarter by 7.91%.

For the full year FY22, the revenues were higher by 23.2% at Rs1,453 crore. The net cash generated from operations fell to almost a third due to higher levels of inventories and trade receivables impacting cash flows.

Navin Fluorine board has declared a dividend of Rs.5 per share or 250% on FV of 2 and this is subject to shareholder approval.

 

The consolidated net profit for Q4FY22 virtually flat at Rs75.15 crore while it was up on a sequential basis by 9.90%.

The higher sales realizations in the quarter were largely offset by the higher operating costs in the form of raw material costs and manpower costs.

Top line growth remained robust amidst strong global demand for specialty chemicals amidst a slowdown in supply chain from China. Net margins stood at 18.38% in Q4FY22 quarter compared to 22.23% in Q4FY21. NPM was higher sequentially against 18.04% in Q3FY22.

 

Financial highlights for Mar-22 compared yoy and sequentially

 

	Navin Fluorine
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 408.94	₹ 336.42	21.56%	₹  378.95	7.91%
Net Profit (Rs cr)	₹ 75.15	₹ 74.79	0.48%	₹ 68.38	9.90%
Diluted EPS (Rs)	₹  15.16	₹ 15.09		₹  13.88
Net Margins	18.38%	22.23%		18.04%