Navin Fluorine is the largest integrated specialty fluorochemical company in India and unlike a very poor show that it had posted for Q4FY17, the company did very well for Q1FY18. On a good 36% (YoY) rise in net revenue at Rs.238 crore, the company reported a 13% jump in net profit at Rs.49 crore.

EBITDA was up 47% at Rs.59 crore and margins jumped up from 24.7% to 26.4%. The company has an other income of Rs.10 crore and this was refund of Income Tax – this too helped boost the bottomline.

The good news – the company is virtually debt free as its interest outgo for the quarter came down to Rs.3 lakh v/s Rs.15 lakh in previous Q1.

The company recently split its share from Rs.5 to Rs.2 and its equity currently stands at Rs9.86 crore. EPS for Q1 stood at Rs.10.

The company recently received the shareholders approval to sell its Dahej unit and this will reflect in its Q2 performance.