Q1FY22 Result Update - Navin Fluorine - ICICI Direct

Revenue was almost in line with our estimates while PAT came in lower than expected owing to higher operating cost.

- Reported revenue growth of 52% YoY to Rs. 326.5 crore, led by speciality chemical (up 37% YoY) and CRAMS (up 97% YoY)

- Gross margins declined 311 bps YoY to ~54.6% while EBITDA margin contracted 122 bps YoY to 23.8%, due to higher operating cost such as employee (+26% YoY)

- EBITDA was up 45% YoY to Rs. 77.8 crore

- PAT increased 45% YoY to Rs. 55.9 crore owing to lower than expected operational performance

Key triggers for future price performance

- Upcoming capex for speciality chemical and HPP to aid value added business revenue mix and thereby group return ratios

- Potential entry into other key segments of fluorine molecules

- Increase in custom synthesis/CRAMS business revenue

For details, click on the link below: Link to the report

Shares of Navin Fluorine International Limited was last trading in BSE at Rs. 3668 as compared to the previous close of Rs. 3573.2. The total number of shares traded during the day was 18660 in over 3140 trades.

The stock hit an intraday high of Rs. 3729 and intraday low of 3558.1. The net turnover during the day was Rs. 68234023.

Source : Equity Bulls

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