NAVIN FLUORINE Announces Quarterly Results (2QFY20); Net Profit Up 35.6%

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NAVIN FLUORINE Announces Quarterly Results (2QFY20); Net Profit Up 35.6%
Fri, 1 Nov

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

NAVIN FLUORINE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m2,4172,4182,6399.1%9.1%
Other incomeRs m77648736.1%12.9%
TurnoverRs m2,4942,4822,7259.8%9.3%
ExpensesRs m1,9141,8101,9638.4%2.5%
Gross profitRs m50360767611.3%34.3%
DepreciationRs m6275773.5%24.1%
InterestRs m043-27.6%788.2%
Profit before taxRs m51859268215.2%31.8%
TaxRs m17619821810.4%24.4%
Profit after taxRs m34239546417.6%35.6%
Gross profit margin%20.825.125.6
Effective tax rate%33.933.432.0
Net profit margin%13.715.917.0
* 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 grew 9.1% on a year-on-year (YoY) basis. The expenses were up by 2.5% YoY during the same period.
  • The company's operating profit increased by 34.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.6% in 2QFY20 as against 20.8% in 2QFY19.
  • Depreciation charges increased by 24.1% and finance costs increased by 788.2% YoY, respectively.
  • Other income increased by 12.9% YoY during the quarter.
  • Net profit for the quarter increased by 35.6% YoY. Net profit margins during the quarter increased from 13.7% in 2QFY19 to 17.0% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.4% QoQ during the same period.
  • The company's operating profit increased by 11.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.6% in 2QFY20 as against 25.1% in 1QFY19.
  • Net profit for the quarter increased by 17.6% QoQ, while net profit margins increased from 15.9% in 1QFY19 to 17.0% in 2QFY20.

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 639.8 to Rs 898.9, registering a Gain of Rs 259.2 or around 40.5%.

Overall, the S&P BSE SENSEX is up 16.6% over the year.

Current Valuations

At the current price of Rs 898.9, the price to earnings (P/E) ratio of NAVIN FLUORINE stands at 27.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.1 times.

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Oct 20, 2021 03:35 PM

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