Navin Fluorine International Ltd. Reports Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2016
October 24, 2016 at 09:05 am EDT
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Navin Fluorine International Ltd. reported unaudited standalone earnings results for the second quarter and six months ended September 30, 2016. For the quarter, the company reported total income of INR 1,825.078 million compared to INR 1,511.288 million a year ago. Profit from operations before other income, financial costs and exceptional items was INR 346.368 million compared to INR 270.956 million a year ago. Profit before tax was INR 682.424 million compared to INR 351.586 million a year ago. Net profit after tax was INR 554.366 million or INR 56.16 per diluted share compared to INR 232.322 million or INR 28.99 per diluted share a year ago.
For six months, the company reported total income of INR 3,468.881 million compared to INR 6,362,389 million a year ago. Profit from operations before other income, financial costs and exceptional items was INR 684.673 million compared to INR 481.685 million a year ago. Profit before tax was INR 1,076.828 million compared to INR 598.045 million a year ago. Net profit after tax was INR 840.419 million or INR 85.14 per diluted share compared to INR 598.045 million or INR 42.05 per diluted share 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 
