Navin Fluorine International Limited., a Indian specialty chemicals manufacturer announced its results for the second quarter ended Sept 30, 2022.
Q2 Results- QoQ
The company’s net profit declined 22.3% to Rs 578.1 million for the period ended Sept 30, 2022 as against net profit of Rs 744.5 million for the previous quarter.
Net sales grew 5.3% to Rs 4.3 billion during the period ended Sept 30, 2022 as compared to Rs 4.08 billion during the previous quarter.
Q2 Results- YoY
The company reported 8.6% drop in net profit to Rs 578.1 million for the period ended Sept 30, 2022 as against net profit of Rs 632.3 million for the prior-year quarter.
Net sales increased 23.1% to Rs 4.3 billion during the period ended Sept 30, 2022 as compared to Rs 3.49 billion during the prior-year quarter.
H1 Results- YoY
The company reported 11% growth in net profit to Rs 1.32 billion for the period ended Sept 30, 2022 as against net profit of Rs 1.19 billion for the prior-year 1st half period.
Net sales increased 22.5% to Rs 83.85 billion during the period ended Sept 30, 2022 as compared to Rs 68.48 billion during the the 6 months period last year.
Navin Fluorine International Limited is a leading player in the Indian specialty chemicals sector engaged in the manufacture and sale of inorganic fluorochemicals, refrigerants and intermediates.