Navin Fluorine International Limited (NFIL), a leading player in the chemicals industry, has announced its unaudited financial results for the quarter and nine months ending December 31, 2024, showcasing impressive growth across key financial metrics.
The company reported a significant increase in revenue, with total income for the third quarter of FY2024-25 standing at ₹616.68 crores, up from ₹529.72 crores in the same period last year, reflecting a 17% year-on-year growth. For the nine-month period ending December 31, 2024, total income reached ₹1,680.34 crores, compared to ₹1,506.39 crores in the previous year, marking a 12% increase.
Key Financial Highlights
- Revenue Growth: NFIL’s revenue from operations for Q3 FY2024-25 stood at ₹606.20 crores, a 21% increase over the previous year’s Q3 revenue of ₹500.12 crores. For the nine-month period, revenue from operations reached ₹1,648.44 crores, up from ₹1,463.06 crores in the same period last year.
- Profit Performance: The company reported a Profit After Tax (PAT) of ₹83.60 crores for Q3 FY2024-25, up from ₹78.02 crores in the same quarter of the previous year. On a nine-month basis, PAT stood at ₹193.62 crores, slightly lower than ₹200.13 crores in the same period last year. The decline in PAT for the nine-month period was primarily attributed to a one-time exceptional gain of ₹52.13 crores recognized in FY2023 due to the sale of surplus land.
- Earnings Per Share (EPS): The company’s basic EPS for Q3 FY2024-25 was ₹16.86, compared to ₹15.74 in the same quarter of the previous year. The diluted EPS for the same period was ₹16.84, reflecting a steady increase in profitability.
- Cost Efficiency: The company’s total expenses for the quarter stood at ₹508.66 crores, a rise from ₹467.02 crores in Q3 of the previous fiscal year. Despite the increase in costs, NFIL maintained a healthy profit margin, with the Profit Before Tax (PBT) for Q3 increasing by 11% to ₹108.02 crores, compared to ₹97.15 crores in Q3 FY2023-24.
- Dividend Declaration: NFIL announced an interim dividend of ₹5 per share (250%) for the financial year 2024-25, amounting to ₹24.79 crores, reflecting the company’s robust financial health and commitment to rewarding its shareholders.
NFIL continues to operate within the chemical sector, a critical business segment for the company, which remains focused on improving its cost structure and enhancing its product offerings. The company’s management is optimistic about sustaining growth in the coming quarters as it leverages its strong operational capabilities and global market presence.
The company also disclosed that the consolidated results include financials from its international subsidiaries, including Manchester Organics Limited, NFIL (UK) Limited, and Navin Fluorine (Shanghai) Co. Limited, among others.
Navin Fluorine International Limited has delivered solid financial results for the third quarter and nine months ending December 31, 2024, demonstrating continued growth and operational resilience despite the challenges posed by the broader economic environment. The company’s ability to drive revenue growth, manage costs effectively, and maintain profitability positions it well for sustained performance throughout the rest of the financial year.
This financial performance reflects NFIL’s strategic focus on long-term growth, innovation, and market expansion, underscoring its position as a leader in the chemical industry.
