For the quarter ended September 30, Navin Fluorine reported a net profit of Rs 148 crore, a staggering 152.24% increase from Rs 59 crore it reported in the same quarter of the previous financial year. The company’s revenue from operations also recorded an impressive rise, up 46% year-on-year to Rs 758.42 crore, according to Navin’s investor presentation.
The company’s operating EBITDA margin stood at 32.5%, up 1,176 basis points year-on-year and nearly 400 basis points sequentially. To be sure, 100 basis points is equal to 1%. Operating EBITDA for the quarter came in at Rs 246.2 crore, up 129% from the corresponding quarter of the previous year.
As for the revenue split, HPP (high-performance products), which includes refrigerants and inorganic fluorides, reported a 38% increase in revenue at Rs 404 crore in Q2FY26. The speciality chemicals business recorded a 39% increase to Rs 220 crore, while the CDMO business almost doubled (98%) at Rs 134 crore, the company said.
For the first half of FY26, the company’s revenue stood at Rs 1,438 crore, up 42% from the first two quarters of the previous financial year. Net profit over the same period came in at Rs 265.5 crore, up 142% from H1FY25.
Navin also announced a slew of capex plans to be undertaken in due course. For instance, in the hydrofluorocarbons (HFC) space, the company has planned a capacity expansion of Rs 236.5 crore via internal accruals and is likely to be commissioned by Q3 FY27. As per the company, its revenue potential will range from Rs 600 to Rs 825 crore.At around 9:45 am, shares of the company were trading at Rs 5,674, up 14% from the last close on the NSE. Navin Fluorine is up 71% YTD and about 150% in the last 5 years.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)