Navin Fluorine International Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2020
June 16, 2020 at 10:00 am EDT
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Navin Fluorine International Limited announced earnings results for the fourth quarter ended March 31, 2020. For the fourth quarter, the company announced total revenue was INR 2,822.585 million compared to INR 2,638.322 million a year ago. Net income was INR 2,726.946 million compared to INR 351.818 million a year ago. Basic earnings per share was INR 55.11 compared to INR 7.11 a year ago. Diluted earnings per share was INR 55.07 compared to INR 7.11 a year ago. For the full year, total revenue was INR 10,948.815 million compared to INR 10,303.324 million a year ago. Net income was INR 4,085.856 million compared to INR 1,490.980 million a year ago. Basic earnings per share was INR 82.6 compared to INR 30.17 a year ago. Diluted earnings per share was INR 82.53 compared to INR 30.15 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 
