Navin Fluorine International Ltd. Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
January 20, 2015 at 05:53 am EST
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Navin Fluorine International Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported net sales/income from operations of INR 1,455.756 million compared with INR 1,096.964 million for the same period last year. Profit from operations before other income and finance costs was INR 143.060 million compared with INR 79.753 million for the same period last year. Profit from ordinary activities before tax was INR 189.292 million compared with INR 95.939 million for the same period last year. Net profit after taxes was INR 142.002 million or INR 14.52 diluted per share compared with INR 68.444 million or INR 7.01 basic and diluted per share for the same period last year. EBITDA was INR 190 million compared with INR 130 million for the same period last year.
For the nine months, the company reported net sales/income from operations of INR 3,989.794 million compared with INR 3,233.661 million for the same period last year. Profit from operations before other income and finance costs was INR 315.503 million compared with INR 319.883 million for the same period last year. Profit from ordinary activities before tax was INR 446.539 million compared with INR 443.568 million for the same period last year. Net Profit after taxes was INR 327.799 million or INR 33.53 diluted per share compared with INR 325.333 million or INR 33.33 basic and diluted per share for the same period last year. EBITDA was INR 450 million compared with INR 470 million for the same period last year.
Navin Fluorine International Limited is an India-based company that is primarily focused on fluorine chemistry, which produces refrigeration gases, inorganic fluorides, specialty organofluorines. The Company operates through the Chemical Business segment. It has two geographical segments based upon the location of its customers, which include within India and outside India. It is the manufacturer of specialty fluorochemicals, which comprises synthetic cryolite, fluorocarbon gases, and hydrofluoric acid and other fluorine chemicals. It offers contract research and manufacturing services. The Company has anhydrous hydrofluoric and diluted hydrofluoric acid manufacturing capacities in India with a multi-product portfolio. It serves industries, including stainless steel, glass, oil and gas, abrasives, electronic products, and life and crop science, among others. The Companyâs manufacturing facilities are located at Surat in Gujarat and Dewas in Madhya Pradesh.
NAVIN FLUORINE INTERNATIONAL LIMITED 
