India’s Navin Fluorine Reports 6.7% Decline in YoY Q2FY21 Net Profit

Navin Fluorine International Ltd., a fluorochemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021.

Q2 Results- QoQ

The company’s net profit grew 13.1% to Rs 63.22 crores ($8.4 million) for the period ended September 30, 2021 as against net profit of Rs 55.91 crores ($7.4 million) for the previous quarter.

Net sales increased 4.2% to Rs 349.43 crores ($46.6 million) during the period ended September 30, 2021 as compared to Rs 335.4 crores ($44.7 million) during the previous quarter.

Q2 Results- YoY

The company’s net profit declined 6.7% to Rs 63.22 crores ($8.4 million) for the period ended September 30, 2021 as against net profit of Rs 67.81 crores ($8.6 million) for the prior-year quarter.

Net sales increased 6.4% to Rs 349.43 crores ($46.6 million) during the period ended September 30, 2021 as com-pared to Rs 328.57 crores ($43.8 million) during the prior-year quarter.

Half-Year Results- YoY

The company’s net profit grew 1.5% to Rs 119.14 crores ($15.9 million) for the 6 months period ended September 30, 2021 as against net profit of Rs 117.4 crores ($15.6 million) for the prior-year 6 months period.

Net sales increased 18.1% to Rs 684.82 crores ($91.2 million) during the 6 months period ended Septem-ber 30, 2021 as compared to Rs 579.71 crores ($77.2 million) during the prior-year 6 months period.

Navin Fluorine International Ltd is engaged in the business of manufacture and selling Refrigeration Gases, Inorganic Fluorides and Speciality Fluorides.