Navin Fluorine International Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 06, 2024 at 06:14 am EST
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Navin Fluorine International Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 5,018.2 million compared to INR 5,635.8 million a year ago. Revenue was INR 5,137.4 million compared to INR 5,735 million a year ago. Net income was INR 780.2 million compared to INR 1,065.6 million a year ago. Basic earnings per share from continuing operations was INR 15.74 compared to INR 21.5 a year ago. Diluted earnings per share from continuing operations was INR 15.71 compared to INR 21.49 a year ago.
For the nine months, sales was INR 14,647.6 million compared to INR 13,803 million a year ago. Revenue was INR 15,080.9 million compared to INR 14,120.3 million a year ago. Net income was INR 2,001.3 million compared to INR 2,388.2 million a year ago. Basic earnings per share from continuing operations was INR 40.37 compared to INR 48.19 a year ago. Diluted earnings per share from continuing operations was INR 40.31 compared to INR 48.16 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 
