Navin Fluorine International Limited (NSE: NAVINFLUOR, BSE: 532504) announced its unaudited financial results for the third quarter (Q3 FY25) and nine months ended December 31, 2024. The company's board approved the standalone and consolidated results in its meeting on January 30, 2025.
Key Financial Highlights (Consolidated)
Particulars (₹ in Crores)
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24 (Audited)
Revenue from Operations
606.20
518.56
500.12
1,648.44
1,463.06
2,065.01
Total Revenue (incl. Other Income)
616.68
529.72
512.04
1,680.34
1,506.39
2,120.86
EBITDA (Est.)
137.79
118.51
87.59
386.91
331.56
519.57
Profit Before Tax (PBT)
108.02
76.75
97.15
253.07
256.12
335.54
Net Profit (PAT)
83.60
58.82
78.02
193.62
200.13
270.51
Earnings Per Share (₹)
16.86*
11.86*
15.74*
39.05*
40.37*
54.57
(*not annualized)
Operational and Strategic Updates
Interim Dividend: The company declared an interim dividend of ₹5 per share (250%) amounting to ₹24.79 crore.
Exceptional Item: In the previous fiscal year (FY24), an exceptional gain of ₹52.13 crore was recorded due to the sale of surplus land at Surat, Gujarat.
Segment Performance: Navin Fluorine operates as a single-segment entity in the chemical business, encompassing fluorochemicals and advanced intermediates.
Standalone Financial Highlights
Particulars (₹ in Crores)
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24 (Audited)
Revenue from Operations
439.77
385.82
358.66
1,201.87
1,024.20
1,420.83
Total Revenue (incl. Other Income)
450.85
398.28
372.92
1,245.46
1,076.43
1,488.20
Profit Before Tax (PBT)
84.77
65.81
89.61
216.80
243.99
292.47
Net Profit (PAT)
65.24
50.05
72.18
165.31
191.19
235.17
Earnings Per Share (₹)
13.16*
10.09*
14.56*
33.34*
38.57*
47.44
(*not annualized)
Management Commentary
Nitin Kulkarni, Managing Director of Navin Fluorine, stated: "The company delivered a strong performance in Q3 FY25, with a significant uptick in revenue and profitability. Growth was driven by operational efficiencies and sustained demand for our fluorochemicals. We continue to focus on expanding our specialty chemicals segment to enhance shareholder value."
Outlook and Market Positioning
R&D and Expansion: Navin Fluorine continues to invest in R&D for specialty chemicals and high-value fluorochemicals.
Global Demand: Increasing demand in pharmaceuticals and electronics sectors supports long-term growth.
Dividend Payouts: The interim dividend of ₹5 per share highlights the company's strong cash flow position.
The full financial results and the limited review report by Price Waterhouse Chartered Accountants LLP are available on the company’s website.
Conclusion
Navin Fluorine International posted a robust financial performance in Q3 FY25, with YoY revenue growth of 21.2%and net profit increasing by 7.2% YoY. Strong fundamentals and a commitment to specialty chemicals expansion position the company for sustained future growth.