Navin Fluorine reported growth of 16.62% in top line sales for the Sep-20 quarter at Rs307.70cr. The operating profits for the quarter ended Sep-20 was up 39.42% at Rs83.47cr while net profits were also up 45.11% at Rs67.33cr due to tax impact.
This had an overall impact on the margins of Navin Fluorine too. For the Sep-20 quarter, the operating profit margins or OPM was up nearly 440 bps at 27.13% on the back of favorable growth in sales revenues. Even the net profit margins or NPM for the quarter was higher by over 425 basis points at 21.88%, due to higher sales and lower tax impact.
Financial highlights for Sep-20 compared yoy and sequentially
|
|
Sep-20 |
Sep-19 |
YOY |
Jun-20 |
QOQ |
|
Revenues |
307.70 |
263.85 |
16.62% |
204.74 |
50.29% |
|
Operating Profit |
83.47 |
59.87 |
39.42% |
42.20 |
97.80% |
|
Net profit |
67.33 |
46.40 |
45.11% |
51.57 |
30.56% |
|
|
|
|
|
|
|
|
Diluted EPS |
13.59 |
9.37 |
|
10.41 |
|
|
OPM |
27.13% |
22.69% |
|
20.61% |
|
|
Net Margins |
21.88% |
17.59% |
|
25.19% |
|
Key takeaways from the Sep-20 quarter results
-
The company is well positioned in the specialty chemicals segment which is seeing a huge surge in demand globally due to the environmental concerns in China and also because most of the global clients are looking to diversify their supplier base beyond China. India currently offers them a good option and that is what the shareholders of Navin have been betting on.
Related Tags: