Navin Fluorine Q1 Results: Net profit more than doubles to Rs.243 crore as margins expand; revenue rises 44%
New Delhi, Aug. 5 -- Navin Fluorine International, one of India's largest manufacturers of speciality fluorochemicals, announced its financial performance for the June quarter ending today, reporting a consolidated net profit of Rs.243.31 crore for the June quarter, registering a 108% year-on-year (YoY) jump from Rs.117.16 crore in the corresponding quarter last year.
On a sequential basis, profit increased 14.4% from Rs.213 crore reported in the March quarter.
Its revenue from operations during the reported quarter rose to Rs.1,045 crore, up 44.1% YoY from Rs.725.40 crore and 11.5% quarter-on-quarter (QoQ) from Rs.937.71 crore, driven by healthy business momentum.
Including other income, total revenue stood at Rs.1,080.17 crore, compa...
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