Navin Fluorine International Limited Announces Q2 FY25 Financial Results: Mixed Performance with Positive Highlights

Navin Fluorine International Limited, a midcap chemical company, recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financial report, Navin Fluorine International has shown a flat performance in the quarter, with a score of 5 compared to -10 in the previous three months. However, there are some positive aspects to the company’s financials.

One of the key highlights is the company’s operating profit to interest ratio, which is the highest it has been in the last five quarters at 7.75 times. This indicates that the company is improving in its ability to manage interest payments. Additionally, the company has also generated a higher operating cash flow of Rs 749.89 crore in the last three years.

Another positive aspect is the company’s profit before tax less other income (PBT) which has grown at 21.26% year on year, reaching Rs 65.59 crore in the quarter. This shows a positive trend in the near term for PBT. Furthermore, Navin Fluorine International has also been distributing a higher dividend per share (DPS) of Rs 15.00 in the last five years, indicating that the company is sharing its profits with its shareholders.

However, there are some areas of concern for the company. The profit after tax (PAT) for the nine-month period has shown a decline of -30.21% year on year, indicating a negative trend in the near term. This could be a cause for worry for investors.

Overall, Navin Fluorine International Limited has shown a mixed performance in the quarter ending September 2024. While there are some positive aspects to the company’s financials, there are also some areas of concern. Investors are advised to carefully analyze the company’s performance before making any investment decisions.