Navin Fluorine at new high
By
Research Desk
about 8 years ago
Navin Fluorine hit a new 52-week high at Rs.2050, with volumes rising over 12.5 times.
The stock zoomed up on the back of its very good numbers for Q4FY16. It posted a whopping 90% (YoY) jump in net profit at Rs.31.5 crore on a 30% rise in net sales at Rs.146 crore.
It ended the fiscal with a consolidated net profit of Rs.83.50 crore, up 53% on a 15% rise in net sales at Rs.678 crore. EBITDA was up 63% at Rs.117 crore. Growth was driven by business-mix, product mix and operating efficiencies.
In terms of its verticals, Specialty Chemicals contributes the maximum at 34%, Refrigerant Gases at 31%, CRAMS contributes 23% and balance 12% comes from Inorganic Fluorides.