InvestorQ : Why has Navin Fluorine been moving up so sharply in the last few days? What is the story?
manisha Kolvenkar made post

Why has Navin Fluorine been moving up so sharply in the last few days? What is the story?

Answer
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Mahima Roy answered.
3 months ago


Navin Fluorine was up 6% at Rs.1655 and scaled a new high after reporting stellar results. Sales for the quarter were up by 9.5% at Rs.277. The specialty chemicals business was up by 52% with revenues of Rs.104 crore while the CRAMS Business reported revenue growth of 26% at Rs.54 crore. The refrigerant business showed a 30% decline on a YOY basis. For the fiscal year 2020 net profit were up by 174% at Rs.409 crore while sales rose 6.59% at Rs.1062 crore. The company also benefited from a clarification from the company that Covid-19 was unlikely to have any significant impact on its operations. The company also confirmed that all its plants manufacturing products for life science and crop science sectors were running to optimum capacity.