Navin Fluorine International Q2 Results: Profit declines 2.91%

Business Business: Navin Fluorine International has officially announced its Q2 results on 23rd October 2024, revealing a mixed performance for the quarter. The company’s topline saw an impressive growth of 9.91% year-on-year, however, profit declined, coming in 2.91% lower than the same period last year. Compared to the previous quarter, revenue declined marginally by 0.98%, while profit showed a positive trend, growing 15.04%. This reflects some volatility in Navin Fluorine’s financial performance as it deals with changing market conditions.

The company’s selling, general and administrative expenses saw a decline of 1.59% on a quarter-on-quarter basis but a significant increase of 26.44% year-on-year, raising concerns about cost management going forward. On the other hand, operating income grew by 7.89% quarter-on-quarter and 7.23% year-on-year, reflecting a more stable operating performance amid fluctuating revenues. Earnings per share (EPS) for the second quarter stood at ₹11.85, reflecting a decrease of 2.71% year-on-year. This decline in EPS despite the increase in revenue reflects a decline in overall profit.

In terms of market performance, Navin Fluorine International has experienced a -4.44% return in the past week, a marginal 0.73% return in the past six months, and a -14.16% return year-on-year, indicating challenges in the stock market. The current market capitalization of the company is ₹16,401.49 crore, with a 52-week high of ₹3,979.45 and lowest level of ₹2,875.95, indicating a volatile trading range. As of October 24, 2024, analysts have varying opinions on Navin Fluorine. Out of 24 analysts covering the company, there are 1 strong sell rating, 4 sell ratings, 6 hold ratings, 6 buy ratings, and 7 strong buy ratings. The consensus recommendation remains ‘Buy’, which suggests that despite the recent challenges, there is optimism about the company’s future prospects.