NAVIN FLUORINE Announces Quarterly Results (4QFY19); Net Profit Down 8.6%

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NAVIN FLUORINE Announces Quarterly Results (4QFY19); Net Profit Down 8.6%
Wed, 8 May

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

NAVIN FLUORINE Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m2,0842,2602,4438.1%17.2%
Other incomeRs m20110413024.9%-35.6%
TurnoverRs m2,2852,3642,5728.8%12.6%
ExpensesRs m1,6241,7361,92110.7%18.3%
Gross profitRs m461524522-0.4%13.4%
DepreciationRs m7563641.6%-14.1%
InterestRs m62227.4%-60.3%
Profit before taxRs m5815635853.9%0.7%
TaxRs m18917522628.9%20.0%
Profit after taxRs m393388359-7.4%-8.6%
Gross profit margin%22.123.221.4
Effective tax rate%32.431.138.6
Net profit margin%17.216.414.0
* 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 17.2% on a year-on-year (YoY) basis. The expenses were up by 18.3% YoY during the same period.
  • The company's operating profit increased by 13.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.4% in 4QFY19 as against 22.1% in 4QFY18.
  • Depreciation charges declined by 14.1% and finance costs declined by 60.3% YoY, respectively.
  • Other income declined by 35.6% YoY during the quarter.
  • Net profit for the quarter declined by 8.6% YoY. Net profit margins during the quarter declined from 17.2% in 4QFY18 to 14.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.7% QoQ during the same period.
  • The company's operating profit declined by 0.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.4% in 4QFY19 as against 23.2% in 3QFY18.
  • Net profit for the quarter declined by 7.4% QoQ, while net profit margins declined from 16.4% in 3QFY18 to 14.0% in 4QFY19.

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

NAVIN FLUORINE Share Price Performance

Over the last one year, NAVIN FLUORINE share price has moved up from Rs 770.3 to Rs 675.0, registering a Loss of Rs 95.3 or around 12.4%.

Overall, the S&P BSE SENSEX is up 8.0% over the year.

Current Valuations

At the current price of Rs 675.0, the price to earnings (P/E) ratio of NAVIN FLUORINE stands at 22.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.4 times.

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