Navin Fluorine International Limited Announces Unaudited Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2019 and Audited Consolidated Earnings Results for the Year Ended March 31, 2019
May 06, 2019 at 08:49 am EDT
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Navin Fluorine International Limited announced unaudited standalone earnings results for the fourth quarter and year ended March 31, 2019 and audited consolidated earnings results for the year ended March 31, 2019. For the quarter, on standalone basis, the company reported total revenue of INR 2,572.259 million against INR 2,285.313 million a year ago. Profit after tax was INR 359.081 million against INR 392.840 million a year ago. Basic earnings per share was INR 7.26 against INR 8.14 a year ago.
For the year, on standalone basis, the company reported total revenue of INR 9,899.010 million against INR 9,766.807 million a year ago. Profit after tax was INR 1,484.783 million against INR 1,789.637 million a year ago. Basic earnings per share was INR 30.05 against INR 36.34 a year ago. Diluted earnings per share was INR 30.03 against INR 36.25 a year ago.
For the year, on consolidated basis, the company reported total revenue of INR 10,303.324 million against INR 10,178.558 million a year ago. Profit for the year was INR 1,474.472 million against INR 1,824.579 million a year ago. Basic earnings per share (not annualized) was INR 30.17 against INR 36.50 a year ago. Diluted earnings per share (not annualized) was INR 30.15 against INR 36.41 a year ago.
Navin Fluorine International Limited is an India-based company that is primarily focused on fluorine chemistry, which produces refrigeration gases, inorganic fluorides, specialty organofluorines. The Company operates through the Chemical Business segment. It has two geographical segments based upon the location of its customers, which include within India and outside India. It is the manufacturer of specialty fluorochemicals, which comprises synthetic cryolite, fluorocarbon gases, and hydrofluoric acid and other fluorine chemicals. It offers contract research and manufacturing services. The Company has anhydrous hydrofluoric and diluted hydrofluoric acid manufacturing capacities in India with a multi-product portfolio. It serves industries, including stainless steel, glass, oil and gas, abrasives, electronic products, and life and crop science, among others. The Companyâs manufacturing facilities are located at Surat in Gujarat and Dewas in Madhya Pradesh.
Navin Fluorine International Limited Announces Unaudited Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2019 and Audited Consolidated Earnings Results for the Year Ended March 31, 2019