Navin Fluorine International Ltd posted an impressive growth whereby the company's net profit rose by 675.13% to Rs 272.69 crore in the quarter ended March 2020 as against Rs 35.18 crore in 2019 quarter. The company's sales also rose by 9.50% to Rs 276.57 crore in the quarter ended March 2020 as against Rs 252.58 crore in March 2019.

 

For the full year, net profit rose 174.04% to Rs 408.59 crore in the year ended March 2020 as against Rs 149.10 crore in March 2019. Sales rose 6.59% to Rs 1061.55 crore in the year ended March 2020 as against Rs 995.94 crore in March 2019. 

 

The consolidated results include the financial results of three foreign subsidiaries – Manchester Organics Limited, NFIL (UK) Limited and Navin Fluorine (Shanghai) Co. Limited, a step-down foreign subsidiary – NFIL USA Inc., a 100% subsidiary of NFIL (UK) Ltd., two Indian subsidiaries – Sulakshana Securities Limited and Navin Fluorine Advanced Sciences Limited (w.e.f. 6th February, 2020) and two joint venture companies – Swarnim Gujarat Fluorspar Private Limited and Convergence Chemicals Private Limited. 

 

The Board of Directors of the company has recommended final dividend of Rs. 3 per share of face value of Rs. 2/- each (150%) subject to approval by the members at the forthcoming Annual General Meeting of the company.