Navin Fluorine rises after decent Q4 outcome

9 May 2022 , 10:19 AM

Profit before tax declined 15% year on year to Rs 94.1 crore in Q4 FY22. Meanwhile, total expenses rose 24.8% year on year to Rs 314.68 crore in the quarter ended 31 March 2022. Consolidated operating EBITDA advanced 10% to Rs 94.3 crore in Q4 FY22 from Rs 85.5 crore posted in Q4 FY21. EBITDA margin declined by 238 basis points to 23% in Q4 FY22 from 25.4% posted in Q4 FY21. The chemical maker said that margins were impacted largely due to higher employee cost and input costs. On full year basis, the company reported a 2.2% rise in consolidated net profit to Rs 263.07 crore on a 23.2 increase to Rs 1,453.36 crore in the financial year ended March 2022 as compared to the financial year ended March 2021. Meanwhile, the board of directors has declared a final dividend of Rs 6 per share for the financial year ended 31 March 2022. The record date for dividend is 8 July 2022. Navin Fluorine International is one of the manufacturers of speciality fluorochemicals. Powered by Capital Market – Live News