Navin Fluorine International Q4FY22 result shows sales grew 15.8% while profit up 2.6% to ₹75 Cr YoY

revenues achieved in High Value Businesses surges up by 18%, a 61% Contribution in total FY22 Revenue. HVB jumped from ₹732 crores in FY21 to ₹836 crores in FY22

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Navin Fluorine International Limited (NFIL) is a multi-million dollar turnover company based in Mumbai, India. As part of the Padmanabh Mafatlal Group, one of the most respected groups in India, it is a public limited company. Since 1967, it has possessed the largest integrated fluorochemicals complex in India with extensive expertise focusing on specialty fluorine chemistry.

The company primarily focuses on fluorine chemistry – producing refrigeration gases chemicals inorganic bulk fluorides specialty organofluorines and offers Contract Research and Manufacturing Services at Surat Gujarat and Dewas Madhya Pradesh. Navin initiated the CDM project to reduce green house gas HCFC 23 in June 2006 with Ineos Fluor as technology partners and received UNFCCC approval in March 2007.

Navin Fluorine has developed more than 40 products on commercial scale using indigenously built multipurpose plants, and has an impressive clientele consisting of several fortune 500 companies which include five of the top ten global crop protection companies and three of the top ten global chemical companies. The company has posted its Q4FY22 and year ended financial results on 7th May,2022, the details are as below :

(I) Audited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹421.34 crore in the quarter ended on March 31, 2022 as against ₹358.43 crore in the corresponding quarter ended last year on Mar 31, 2021, increased by 17.55%.

The company has posted a consolidated Net Profit of ₹75.16 crore in the quarter ended on March 31, 2022 as against ₹73.22 crore in the corresponding quarter ended in last year on Mar 31, 2021. The PAT surges up by 2.65%.

The status of the EPS of the company stood at ₹15.16 as on March 31, 2022 compared to the previous quarter ended on Mar 31, 2021 which was ₹15.09, up by 0.46%.

₹*Mar 31, 2022 (Q4FY22)Dec 31, 21 (Q3FY22)Mar 31, 21 (Q4FY21)
Total Income421.34386.43358.43
Total Expenses327.40292.87263.22
PBT /(Loss)94.1499.56110.72
Total Tax /(credit)18.9824.7737.50
PAT /(Loss) [to the owners]75.1668.7973.22
*figures are in Crores

(II) Audited Consolidated Financial Result details for the Year Ended :

The company has reported, a consolidated Total Income of ₹1,492.58 crore in the financial year ended on March 31, 2022 as against ₹1,258.43 crore for the financial year ended on Mar 31, 2021, increased by 18.61%.

The company has posted a consolidated Net Profit of ₹263.08 crore in the financial year ended on March 31, 2022 as against ₹247.05 crore for the financial year ended on March 31, 2021. The PAT surges up by 6.49%.

The status of the EPS of the company stood at ₹53.08 as on March 31, 2022 compared to the previous year ended on March 31, 2021 which was ₹51.96, up by 2.16%.

₹*Mar 31, 2022 (FY22)Mar 31, 2021 (FY21)
Total Income1,492.581,258.43
Total Expenses1148.35916.11
PBT /(Loss)344.23357.83
Total Tax /(credit)81.15110.78
PAT /(Loss)263.08247.05
*figures are in Crores

(III) Key Highlights about the Performance :

For Q4FY22 :

  • Operating EBITDA at ₹95.8 crores, a rise of 14% YoY
  • EBITDA Margin is 24% YoY
  • High Value Businesses(HVB) grew 20%, a 62% Contribution in total Q4FY22 Revenue
  • Achieved annual sales of ₹88 crores in Q4FY22 as against ₹76 crores in Q4FY21, a rise of 15.8% YoY

For FY22 :

navin fluorine q4 results 2022/cash flow statement – Market times
  • Operating EBITDA at ₹355.4 crores, a rise of 14% YoY same as in FY22 Q4
  • EBITDA Margin reported as 25.3% in FY22 against 27.4% in FY21
  • revenues achieved in High Value Businesses surges up by 18%, a 61% Contribution in total FY22 Revenue. HVB jumped from ₹732 crores in FY21 to ₹836 crores in FY22
  • High Value Businesses(HVB) grew 20%, a 62% Contribution in total Q4FY22 Revenue
  • Achieved annual sales of ₹298 crores in FY22 as against ₹279 crores in FY21, a rise of 15.8% YoY

Shares of Navin Fluorine International Ltd was last traded in BSE at ₹3756.55 as compared to the previous close of ₹3781.60. The total number of shares traded during the day was 7196 in over 1547 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 3860.00
  • Intraday low of ₹ 3593.75