Navin Fluorine International Limited Reports Unaudited Standalone Earnings Results for Third Quarter and Nine Months Ended December 31, 2016
January 21, 2017 at 06:03 am EST
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Navin Fluorine International Limited reported unaudited standalone earnings results for third quarter and nine months ended December 31, 2016. For the quarter, the company’s net sales/income from operations (net of excise duty) was INR 1,535.093 million compared to INR 1,447.257 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 243.052 million compared to INR 170.874 million a year ago. Profit before tax was INR 311.384 million compared to INR 199.512 million a year ago. Net profit was INR 205.901 million or INR 20.86 per diluted share compared to INR 135.898 million or INR 13.80 per diluted share for the same period a year ago.
For the nine months, the company’s net sales/income from operations (net of excise duty) was INR 4,998.529 million compared to INR 4,453.305 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 927.725 million compared to INR 652.559 million a year ago. Profit before tax was INR 1,388.212 million compared to INR 797.557 million a year ago. Net profit was INR 1,046.320 million or INR 106.00 per diluted share compared to INR 549.665 million or INR 55.80 per diluted share for the same period 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 
