NAVIN FLUORINE Announces Quarterly Results (1QFY20); Net Profit Down 0.3%

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NAVIN FLUORINE Announces Quarterly Results (1QFY20); Net Profit Down 0.3%
Tue, 30 Jul

NAVIN FLUORINE has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

NAVIN FLUORINE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m2,4312,4432,418-1.0%-0.5%
Other incomeRs m3813064-50.9%68.4%
TurnoverRs m2,4692,5722,482-3.5%0.5%
ExpensesRs m1,8001,9211,810-5.7%0.6%
Gross profitRs m63152260716.4%-3.8%
DepreciationRs m69647516.2%7.5%
InterestRs m02487.0%892.9%
Profit before taxRs m5995855921.2%-1.1%
TaxRs m203226198-12.5%-2.7%
Profit after taxRs m3963593959.9%-0.3%
Gross profit margin%26.021.425.1
Effective tax rate%33.938.633.4
Net profit margin%16.014.015.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 0.5% on a year-on-year (YoY) basis. The expenses were up by 0.6% YoY during the same period.
  • The company's operating profit declined by 3.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.1% in 1QFY20 as against 26.0% in 1QFY19.
  • Depreciation charges increased by 7.5% and finance costs increased by 892.9% YoY, respectively.
  • Other income increased by 68.4% YoY during the quarter.
  • Net profit for the quarter declined by 0.3% YoY. Net profit margins during the quarter declined from 16.0% in 1QFY19 to 15.9% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.7% QoQ during the same period.
  • The company's operating profit increased by 16.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.1% in 1QFY20 as against 21.4% in 4QFY19.
  • Net profit for the quarter increased by 9.9% QoQ, while net profit margins increased from 14.0% in 4QFY19 to 15.9% in 1QFY20.

To see how NAVIN FLUORINE has performed over the last eight quarters,please visit here.

NAVIN FLUORINE Share Price Performance

Over the last one year,NAVIN FLUORINE share price has moved down from Rs 671.2 to Rs 584.0, registering a Loss of Rs 87.2 or around 13.0%.

Overall, the S&P BSE SENSEX is up 1.1% over the year.

Current Valuations

At the current price of Rs 584.0, the price to earnings (P/E) ratio of NAVIN FLUORINE stands at 19.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.

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