Navin Fluorine International Limited Reports Earnings Results for the First Quarter Ended June 30, 2020
July 29, 2020 at 08:20 am EDT
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Navin Fluorine International Limited announced earnings results for the first quarter ended June 30, 2020. For the first quarter, the company announced sales was INR 2,149.490 million compared to INR 2,515.460 million a year ago. Net income was INR 529.646 million compared to INR 395.958 million a year ago. Basic earnings per share was INR 11.32 compared to INR 8.72 a year ago. Diluted earnings per share was INR 11.31 compared to INR 8.72 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 
