NAVIN FLUORINE Announces Quarterly Results (2QFY21); Net Profit Up 45.1%

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NAVIN FLUORINE Announces Quarterly Results (2QFY21); Net Profit Up 45.1%
Fri, 30 Oct

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

NAVIN FLUORINE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m2,6392,0473,07750.3%16.6%
Other incomeRs m8735688-75.3%1.8%
TurnoverRs m2,7252,4043,16531.7%16.1%
ExpensesRs m1,9631,5272,14240.3%9.1%
Gross profitRs m67652193579.5%38.3%
DepreciationRs m77991001.5%29.8%
InterestRs m32330.7%0.0%
Profit before taxRs m68277692018.5%34.8%
TaxRs m218260246-5.3%12.9%
Profit after taxRs m46451667330.6%45.1%
Gross profit margin%25.625.430.4
Effective tax rate%32.033.526.8
Net profit margin%17.021.521.3
* 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 16.6% on a year-on-year (YoY) basis. The expenses were up by 9.1% YoY during the same period.
  • The company's operating profit increased by 38.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.4% in 2QFY21 as against 25.6% in 2QFY20.
  • Depreciation charges increased by 29.8% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 1.8% YoY during the quarter.
  • Net profit for the quarter increased by 45.1% YoY. Net profit margins during the quarter increased from 17.0% in 2QFY20 to 21.3% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 50.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 40.3% QoQ during the same period.
  • The company's operating profit increased by 79.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.4% in 2QFY21 as against 25.4% in 1QFY20.
  • Net profit for the quarter increased by 30.6% QoQ, while net profit margins declined from 21.5% in 1QFY20 to 21.3% in 2QFY21.

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 889.7 to Rs 2,256.0, registering a Gain of Rs 1,366.3 or around 153.6%.

Overall, the S&P BSE SENSEX is down 1.0% over the year.

Current Valuations

At the current price of Rs 2,256.0, the price to earnings (P/E) ratio of NAVIN FLUORINE stands at 25.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 10.3 times.

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For the quarter ended September 2021, NAVIN FLUORINE has posted a net profit of Rs 632 m (down 1.9% YoY). Sales on the other hand came in at Rs 3 bn (up 6.3% YoY). Read on for a complete analysis of NAVIN FLUORINE's quarterly results.

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For the quarter ended December 2020, NAVIN FLUORINE has posted a net profit of Rs 587 m (up 29.6% YoY). Sales on the other hand came in at Rs 3 bn (up 17.9% YoY). Read on for a complete analysis of NAVIN FLUORINE's quarterly results.

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