NAVIN FLORINE

Navin Florine hit a new high after it announced its Q3FY15 performance. On a 32% (YoY) rise in net sales at Rs.145 crore, the company’s net profit doubled up to Rs.14 crore from Rs.7 crore in previous Q3. The rise in sales and interest costs coming down from Rs.17 lakh from Rs.1.4 crore helped the company post this doubled up net profit. EBITDA for the quarter came in at Rs.19 crore v/s Rs.13 crore, a rise of 46% and margins rose from 12% to 13%.

This Gujarat based Arvind Mafatlal group company was recognized as one of the largest players in carbon credits. But with that business now over, the company now earns from its mainfray - refrigeration gases, Chemicals/ Bulk Fluorides and Specialty Organofluorines with manufacturing facilities at Surat, Gujarat and Dewas, Madhya Pradesh. On an equity of Rs.9.76 crore, the 9M EPS stands at Rs.33 and reserves stands at a healthy Rs.532 crore.