India based Navin Fluorine has posted a growth of 16.47% YoY with a total income of Rs.328.57 crores during the period ended September 30, 2020 as compared to Rs.251.13 crores during the period ended June 30, 2020. The topline growth was outlined primarily on account of better performance from CRAMS and specialty chemical.

Net profit also grew 38.39% and reached Rs.64.42 crores for the period ended September 30, 2020 as against net profit of Rs.52.96 crores in the corresponding period last year. Lower employee cost and lower taxes helped the company improve bottom-line growth during the said quarter.

The company has reported EPS of Rs.13.69 for the period ended September 30, 2020 as compared to Rs.11.31 for the period ended June 30, 2020.

Company has declared an interim dividend of Rs. 5 per share of face value Rs. 2/- each (250%) for the financial year 2020-2021.

On YoY basis, the company has reported total income of Rs.328.57 crores during the period ended September 30, 2020 as compared to Rs.282.12 crores during the period ended September 30, 2019. Navin Fluorine posted net profit of Rs.64.42 crores for the period ended September 30, 2020 as against net profit of Rs.46.55 crores for the period ended September 30, 2019.

For H1FY21, the company has reported total income of Rs.579.70 crores for period ended September 30, 2020 as compared to Rs.540.51 crores during the 6 months period ended September 30, 2019.

Recently, the company sold its 49% stake in a joint venture company named Convergence Chemicals Private Limited to Piramal Enterprises Limited at Rs. 65.10 crore.