Navin Fluorine International Ltd Share Price – NSE  /  BSE

Chemicals, Small Cap

Navin Fluorine International announced that the Board of Directors of the Company at its meeting held on 31 October 2023, has recommended a Special dividend of Rs.3 per share (i.e.150%), subject to the approval of the shareholders.

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Navin Fluorine International announced that the Board of Directors of the Company at its meeting held on 31 October 2023, has recommended a Interim dividend of Rs.2 per share (i.e.250%), subject to the approval of the shareholders.

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Revenue from operations stood at Rs 471.79 crore, up 12.54% as on 30 September 2023 as against with Rs 419.20 crore recorded in Q2 FY23.

Profit before tax stood at Rs 77.20 crore posted in Q2 FY24, registering decline of 7.04% as compared with Rs 83.05 crore posted in Q2 FY23.

Operating EBITDA was stood at Rs 98.3 crore as on September 2023, up 5% YoY as against with Rs 93.8 crore posted in the same quarter of the previous year.

Operating EBITDA margin decline to 20.8% in Q2 FY24 as compared to 22.4% recorded in the corresponding quarter previous year.

Meanwhile, the board has declared interim dividend at Rs 5 per equity share plus a special dividend of Rs 3 per equity share for the financial year 2023-24. 10 November 2023 has been fixed as the record date for the payment of interim dividend and special dividend and it will be paid on or after 27 November 2023.

Navin Fluorine International belongs to a reputed industrial house of Padmanabh Mafatlal Group in India. It has largest integrated fluorochemicals complex in India.The Company primarily focuses on fluorine chemistry - producing refrigeration gases, chemicals, inorganic bulk fluorides, specialty organofluorines and offers Contract Research and manufacturing services.

Shares of Navin Fluorine International shed 0.64% to Rs 3,416 on the BSE.

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Net profit of Navin Fluorine International rose 4.79% to Rs 60.58 crore in the quarter ended September 2023 as against Rs 57.81 crore during the previous quarter ended September 2022. Sales rose 12.55% to Rs 471.79 crore in the quarter ended September 2023 as against Rs 419.20 crore during the previous quarter ended September 2022.

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