Navin Fluorine fizzles down
By
Ruma Dubey
about 3 years ago
Navin Fluorine is among the five losers on the BSE. The stock opened almost 3.5% lower at Rs.3735 and went down to an intraday low at Rs.3474.25, down over 15%, touching the lower circuit of the day briefly. The 15% LC now stands at Rs.3281.25.
The market is pretty disappointed with the company’s Q2FY22 earnings, with consolidated net profit declining 7% (YoY) at Rs.63 crore.
Revenue was up 6% at Rs.339 crore.
EBITDA was down 7% at Rs.84 crore.
Th company declared an interim dividend of Rs.5/share.