Navin Fluorine fizzles down

about 1 month ago
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Navin Fluorine is among the five losers on the BSE. The stock opened almost 3.5% lower at Rs.3735 and went down to an intraday low at Rs.3474.25, down over 15%, touching the lower circuit of the day briefly. The 15% LC now stands at Rs.3281.25.

The market is pretty disappointed with the company’s Q2FY22 earnings, with consolidated net profit declining 7% (YoY) at Rs.63 crore.

Revenue was up 6% at Rs.339 crore.

EBITDA was down 7% at Rs.84 crore.

Th company declared an interim dividend of Rs.5/share.

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