Navin Fluorine International Limited Reports Earnings Results for the Third Quarter Ended December 31, 2019
January 27, 2020 at 05:48 am EST
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Navin Fluorine International Limited announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced total revenue was INR 2,721.058 million compared to INR 2,447.967 million a year ago. Net income was INR 454.165 million compared to INR 386.374 million a year ago. Basic earnings per share was INR 9.18 compared to INR 7.81 a year ago. For the nine months, total revenue was INR 8,126.230 million compared to INR 7,665.002 million a year ago. Net income was INR 1,358.910 million compared to INR 1,139.162 million a year ago. Basic earnings per share was INR 27.47 compared to INR 23.06 a year ago. Diluted earnings per share was INR 27.46 compared to INR 23.04 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 
