NAVIN FLOURINE

Navin Fluorine, a 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.

The company posted super numbers for Q3FY17. On a 6% (YoY) rise in net sales, the company posted a 54% jump in net profit at Rs.20 crore. By keeping the costs stable, a 75% increase in other income  and massive drop in interest outgo – from Rs.1.09 crore to Rs.3 lakh, the bottomline has surged despite the 60% rise in tax outgo.

EBITDA came in at Rs.30 crore, up 11% while margins rose from 18.62% to 19.48%.

The company, at the end of 9MFY17 posted a net profit of Rs.105 crore, which has already surpassed FY16 net profit of Rs.86 crore. Clearly, FY17 will be a fiscal to remember!