Navin Fluorine Q3 PAT up 29.66% yoy at Rs58.89cr on higher sales

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Navin Fluorine reported 18.66% growth yoy in Dec-20 quarter consolidated revenues at Rs309.10cr. While the pick-up in revenues has been smart through the COVID period, the revenues in the Dec-20 quarter were lower on a sequential basis.


For the Dec-20 quarter, the consolidated operating profits were up 23.39% at Rs69.47cr. The company saw sales revenues growing much faster than the cost leading to slightly better fixed cost absorption. The OPM expanded from 21.61% in the Dec-19 quarter to 22.47% in Dec-20 quarter.


The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 29.66% at Rs58.89cr on better operational performance in the quarter. PAT margins also improved from 17.44% in Dec-19 to 19.05% in Dec-20.


Financial highlights for Dec-20 compared yoy and sequentially











Navin Fluorine

Rs in Crore

Dec-20

Dec-19

YOY

Sep-20

QOQ

Total Income (Rs cr)

₹ 309.10

₹ 260.50

18.66%

₹ 318.92

-3.08%

Operating Profit (Rs cr)

₹ 69.47

₹ 56.30

23.39%

₹ 79.87

-13.02%

Net Profit (Rs cr)

₹ 58.89

₹ 45.42

29.66%

₹ 67.81

-13.15%

Diluted EPS (Rs)

₹ 11.88

₹ 9.18

₹ 13.69

OPM

22.47%

21.61%

25.04%

Net Margins

19.05%

17.44%

21.26%

 

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( With inputs from indiainfoline)

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