Navin Fluorine International Limited Announces Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2018
October 29, 2018
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Navin Fluorine International Limited announced unaudited standalone earnings results for the second quarter and six months ended September 30, 2018. For the quarter, the company reported revenues from operations of INR 2,417.410 million against INR 2,181.090 million a year ago. Profit before tax was INR 517.643 million against of INR 631.354 million a year ago. Profit after tax was INR 342.071 million against INR 428.733 million a year ago. Diluted earnings per share were INR 6.91 against INR 8.67 a year ago. Basic earnings per share were INR 6.92 compared to INR 8.69 a year ago.
For the six months, the company reported revenues from operations of INR 4,848.499 million against INR 4,561.853 million a year ago. Profit before tax was INR 1,116.847 million against of INR 1,383.381 million a year ago. Profit after tax was INR 737.921 million against INR 919.876 million a year ago. Diluted earnings per share were INR 14.92 against INR 18.66 a year ago. Basic earnings per share were INR 14.94 compared to INR 18.71 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 
