Navin Fluorine International jumps on reporting 33% rise in Q1 consolidated net profit

Navin Fluorine International is currently trading at Rs. 4090.05, up by 299.65 points or 7.91% from its previous closing of Rs. 3790.40 on the BSE.

The scrip opened at Rs. 3810.00 and has touched a high and low of Rs. 4110.00 and Rs. 3810.00 respectively. So far 24997 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 4339.00 on 28-Dec-2021 and a 52 week low of Rs. 3196.20 on 25-Oct-2021.

Navin Fluorine International
Navin Fluorine International

Last one week high and low of the scrip stood at Rs. 4110.00 and Rs. 3670.00 respectively. The current market cap of the company is Rs. 20206.87 crore.

The promoters holding in the company stood at 29.70%, while Institutions and Non-Institutions held 42.21% and 28.09% respectively.

Navin Fluorine International has reported results for first quarter ended June 30, 2022.

The company has reported a rise of 39.94% in its net profit at Rs 78.97 crore for the quarter under review as compared to Rs 56.43 crore for the same quarter in the previous year. Total income of the company increased by 24.76% at Rs 401.07 crore for Q1FY23 as compared Rs 321.48 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 33.16% in its net profit at Rs 74.45 crore for the quarter under review as compared to Rs 55.91 crore for the same quarter in the previous year. Total income of the company increased by 21.78% at Rs 408.43 crore for Q1FY23 as compared Rs 335.39 crore for the corresponding quarter previous year.

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