NAVIN FLUORINE Announces Quarterly Results (2QFY22); Net Profit Down 1.9%

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NAVIN FLUORINE Announces Quarterly Results (2QFY22); Net Profit Down 1.9%
Wed, 20 Oct

NAVIN FLUORINE has announced its results for the quarter ended September 2021. Here is a detailed performance review of the same:

NAVIN FLUORINE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-20*
3
Jun-21*
3
Sep-21*
QoQ ChangeYoY Change
Net SalesRs m3,1893,2653,3903.8%6.3%
Other incomeRs m978910518.0%8.5%
TurnoverRs m3,2863,3543,4944.2%6.3%
ExpensesRs m2,2822,4872,5482.4%11.6%
Gross profitRs m9077788428.2%-7.2%
DepreciationRs m109120119-1.1%9.3%
InterestRs m454-20.6%1.6%
Profit before taxRs m89174282411.1%-7.6%
TaxRs m2471821925.0%-22.5%
Profit after taxRs m64455963213.1%-1.9%
Gross profit margin%28.423.824.8
Effective tax rate%27.724.623.3
Net profit margin%19.616.718.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 6.3% on a year-on-year (YoY) basis. The expenses were up by 11.6% YoY during the same period.
  • The company's operating profit declined by 7.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.8% in 2QFY22 as against 28.4% in 2QFY21.
  • Depreciation charges increased by 9.3% and finance costs increased by 1.6% YoY, respectively.
  • Other income increased by 8.5% YoY during the quarter.
  • Net profit for the quarter declined by 1.9% YoY. Net profit margins during the quarter declined from 19.6% in 2QFY21 to 18.1% in 2QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.4% QoQ during the same period.
  • The company's operating profit increased by 8.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.8% in 2QFY22 as against 23.8% in 1QFY21.
  • Net profit for the quarter increased by 13.1% QoQ, while net profit margins increased from 16.7% in 1QFY21 to 18.1% in 2QFY22.

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 2,038.1 to Rs 3,600.5, registering a Gain of Rs 1,562.4 or around 76.7%.

Overall, the S&P BSE SENSEX is up 52.1% over the year.

Current Valuations

At the current price of Rs 3,600.5, the price to earnings (P/E) ratio of NAVIN FLUORINE stands at 71.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 10.9 times.

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Nov 29, 2021 03:07 PM

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