Navin Fluorine International sees revenue rise, profit more than double

About this update from Navin Fluorine International Limited

Navin Fluorine International Ltd. (Mumbai) announced a robust 39% year-over-year increase in revenue for the fiscal first quarter ended June 30, reaching 7.2 billion Indian rupees ($83.4 million), as per Chemweek.The company’s EBITDA has also seen significant growth, doubling to 2 billion rupees from 1 billion rupees in the previous year. Furthermore, profit figures have more than doubled, soaring to 1.1 billion rupees compared to 510 million rupees in the same quarter last year.A key driver of the company’s performance was the high-performance product (HPP) business, which recorded sales of 4 billion rupees, marking a 45% increase year over year. The HPP unit, which includes refrigerant gas and inorganic fluoride units, benefited from higher prices and improved sales volumes. The company noted that the pricing landscape for refrigerant gases remains firm, with overseas business contributing a substantial 59% of HPP revenue. This unit supplies inorganic fluoride products to a diverse range of industries, including pharmaceuticals, oil and gas, agricultural chemicals, steel and electronics.In addition, sales in the specialty segment rose by 35% year over year to 2.1 billion rupees, with overseas business accounting for 63% of this revenue. The specialty segment has achieved higher capacity utilization rates at its manufacturing sites in Dahej and Surat, India, serving sectors such as pharmaceuticals, crop protection, hydrocarbons and fragrances.The contract development and manufacturing organization business unit also showed growth, with sales at 990 million rupees from 810 million rupees in the year-earlier period. The overseas market was a significant contributor, accounting for 97% of sales in this unit.mrchub.com

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