Shares of Navin Fluorine surged 7.93% to ₹4,218.00 as of 9:18 AM following the release of its Q3 FY25 earnings, which showed robust growth in revenue, profit, and margins. The company’s net profit increased 7.2% YoY to ₹83.6 crore, while revenue rose 21.2% YoY to ₹606 crore. EBITDA saw a significant 94.8% YoY jump to ₹147.3 crore, with margins expanding to 24.3% from 15.1% YoY.
The strong performance led brokerages to upgrade their targets. UBS maintained a Buy rating and raised its target price to ₹4,850, citing a beat on growth and profitability. Citi also maintained a Buy rating and raised its target price to ₹4,500. Jefferies upgraded the stock to Buy from Underperform, lifting the target price to ₹4,600 from ₹3,090. They noted that the company is entering a phase of high growth after steep earnings cuts over the past five quarters and has secured new contracts despite a challenging demand environment.
Navin Fluorine’s stock hit an intraday high of ₹4,220.10 and a low of ₹4,066.00, with volume at 2.97 lakh shares. The upper circuit limit stands at ₹4,299.05, while the lower circuit limit is ₹3,517.45.
Disclaimer: The above article is for informational purposes only and does not constitute financial advice. Investors are advised to conduct their own due diligence before making investment decisions.
