NAVIN FLUORINE Announces Quarterly Results (1QFY21); Net Profit Up 30.7%

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NAVIN FLUORINE Announces Quarterly Results (1QFY21); Net Profit Up 30.7%
Wed, 26 Aug

NAVIN FLUORINE has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

NAVIN FLUORINE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m2,4182,6502,047-22.7%-15.3%
Other incomeRs m6453356574.5%459.9%
TurnoverRs m2,4822,7032,404-11.1%-3.1%
ExpensesRs m1,8101,9781,527-22.8%-15.7%
Gross profitRs m607672521-22.5%-14.3%
DepreciationRs m7510299-3.7%32.4%
InterestRs m452-52.9%-44.6%
Profit before taxRs m59261877625.6%31.0%
TaxRs m198-2,06926031.6%
Profit after taxRs m3952,687516-80.8%30.7%
Gross profit margin%25.125.425.4
Effective tax rate%33.4-335.133.5
Net profit margin%15.999.421.5
* 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 15.3% on a year-on-year (YoY) basis. The expenses were down by 15.7% YoY during the same period.
  • The company's operating profit declined by 14.3% YoY during the quarter. Consequently, operating profit margins remained same and stood at 25.4% in 1QFY21.
  • Depreciation charges increased by 32.4% and finance costs declined by 44.6% YoY, respectively.
  • Other income increased by 459.9% YoY during the quarter.
  • Net profit for the quarter increased by 30.7% YoY. Net profit margins during the quarter increased from 15.9% in 1QFY20 to 21.5% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 22.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 22.8% QoQ during the same period.
  • The company's operating profit declined by 22.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.4% in 1QFY21 as against 25.4% in 4QFY20.
  • Net profit for the quarter declined by 80.8% QoQ, while net profit margins declined from 99.4% in 4QFY20 to 21.5% in 1QFY21.

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

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NAVIN FLUORINE Share Price Performance

Over the last one year,NAVIN FLUORINE share price has moved up from Rs 714.9 to Rs 2,134.6, registering a Gain of Rs 1,419.7 or around 198.6%.

Overall, the S&P BSE SENSEX is up 3.6% over the year.

Current Valuations

At the current price of Rs 2,134.6, the price to earnings (P/E) ratio of NAVIN FLUORINE stands at 25.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.7 times.

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Oct 20, 2021 03:35 PM

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