Navin Fluorine International Ltd., a fluorochemicals manufacturer based in India has reported its financial results for the period ended March 31, 2020.
Q4 Results
The company’s net profit rose by 705.5% to Rs 270.08 crores ($35.5 million) for the period ended March 31, 2020 as against Rs 33.53 crores ($4.4 million) for the period ended March 31, 2019.
Net sales increased by 7% to Rs 282.25 crores ($37.1 million) during the period ended March 31, 2020 as compared to Rs 263.83 crores ($34.7 million) during the period ended March 31, 2019.
Full-Year Results
The company’s net profit rose by 172.2% to Rs 401.36 crores ($52.7 million) for the full-year period ended March 31, 2020 as against Rs 147.44 crores ($19.4 million) for the full-year period ended March 31, 2019.
The company has reported net sales of Rs 1094.88 crores ($143.8 million) during the full-year period ended March 31, 2020, an increase of 6.3% compared to Rs 1030.33 crores ($135.3 million) during the full-year period ended March 31, 2019.
The company has reported EPS of Rs 82.53 ($1.08) for the full-year period ended March 31, 2020 as compared to Rs 30.15 ($0.4) for the full-year period ended March 31, 2019.
Earlier this month, the company informed the exchanges that “the Management has carried out a detailed assessment of the impact of Covid-19 on its operations and is of the opinion that there won’t be any significant impact”.
The company has built up enough inventory of key raw materials for smooth operations over the next quarter and is also working on developing domestic vendors for some of the critical raw materials currently imported”, it said.