NAVIN FLUORINE Announces Quarterly Results (3QFY21); Net Profit Up 29.6%

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NAVIN FLUORINE Announces Quarterly Results (3QFY21); Net Profit Up 29.6%
Thu, 28 Jan

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

NAVIN FLUORINE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m2,5163,0772,966-3.6%17.9%
Other incomeRs m11088913.4%-17.5%
TurnoverRs m2,6263,1653,057-3.4%16.4%
ExpensesRs m1,8642,1422,1430.0%14.9%
Gross profitRs m652935823-11.9%26.3%
DepreciationRs m831001011.2%21.7%
InterestRs m433-4.6%-27.3%
Profit before taxRs m675920810-11.9%20.0%
TaxRs m222246223-9.4%0.5%
Profit after taxRs m453673587-12.8%29.6%
Gross profit margin%25.930.427.8
Effective tax rate%32.926.827.6
Net profit margin%17.221.319.2
* 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 17.9% on a year-on-year (YoY) basis. The expenses were up by 14.9% YoY during the same period.
  • The company's operating profit increased by 26.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.8% in 3QFY21 as against 25.9% in 3QFY20.
  • Depreciation charges increased by 21.7% and finance costs declined by 27.3% YoY, respectively.
  • Other income declined by 17.5% YoY during the quarter.
  • Net profit for the quarter increased by 29.6% YoY. Net profit margins during the quarter increased from 17.2% in 3QFY20 to 19.2% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.0% QoQ during the same period.
  • The company's operating profit declined by 11.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.8% in 3QFY21 as against 30.4% in 2QFY20.
  • Net profit for the quarter declined by 12.8% QoQ, while net profit margins declined from 21.3% in 2QFY20 to 19.2% in 3QFY21.

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

Find Out: How to Create Massive Gains from Govt's Mega 2023 Plan?

NAVIN FLUORINE Share Price Performance

Over the last one year, NAVIN FLUORINE share price has moved up from Rs 1,205.8 to Rs 2,399.0, registering a Gain of Rs 1,193.3 or around 99.0%.

Overall, the S&P BSE SENSEX is up 14.1% over the year.

Current Valuations

At the current price of Rs 2,399.0, the price to earnings (P/E) ratio of NAVIN FLUORINE stands at 26.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.0 times.

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Oct 20, 2021 03:35 PM

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