Navin Fluorine International Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 31, 2023 at 07:06 am EDT
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Navin Fluorine International Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 4,717.9 million compared to INR 4,192 million a year ago. Revenue was INR 4,949 million compared to INR 4,301 million a year ago. Net income was INR 605.8 million compared to INR 578.1 million a year ago. Basic earnings per share from continuing operations was INR 12.22 compared to INR 11.67 a year ago. Diluted earnings per share from continuing operations was INR 12.18 compared to INR 11.66 a year ago.
For the six months, sales was INR 9,629.4 million compared to INR 8,167.2 million a year ago. Revenue was INR 9,943.5 million compared to INR 8,385.3 million a year ago. Net income was INR 1,221.1 million compared to INR 1,322.6 million a year ago. Basic earnings per share from continuing operations was INR 24.63 compared to INR 26.69 a year ago. Diluted earnings per share from continuing operations was INR 24.55 compared to INR 26.67 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 
