Navin Fluorine Q1FY24 Results: Consolidated PAT Down to Rs. 61.53 Cr

Navin Fluorine Q1FY24 Results: Consolidated PAT of Rs. 61.53 Cr

Navin Fluorine Q1 results show revenue fell from 701.10 crores to 499.45 crores, a -28.76% decrease in growth. EPS rise from ₹27.41 to ₹12.37, down by -54.87%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Navin Fluorine shared its Q1 results on Monday. They earned 499.45 crores in revenue this quarter, but that’s less than the 701.10 crores they made last quarter. Unfortunately, the company’s growth decreased by -28.76 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 61.53 crores, down from 136.36 crores in the previous quarter. Their quarter-to-quarter growth decreased by -54.88 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹12.37, which is a decrease of -54.87% from the ₹27.41 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 499.45 crores this year (2023), which is 22.29 percent higher than last year’s total revenue of 408.43 crores.

This year’s PAT (Profit After Tax) is 61.53 crores, which is also -17.35% lower than last year’s PAT of 74.45 crores.

The EPS (Earnings Per Share) for this year is ₹12.37, which is -17.59% less than the EPS of ₹15.01 earned last year.

Also Read: Castrol India Q1FY24 Results: Consolidated PAT of Rs. 225.27 Cr

Navin Fluorine Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Navin Fluorine:

Navin Fluorine International Limited is an Indian chemical company with its headquarters located in Mumbai, Maharashtra, India. With nearly five decades of experience, the company has established itself as a dependable global leader in the field of organo-fluorine chemistry. It operates in both the United Kingdom and India.

Download the Full PDF of Navin Fluorine Q1 Results: Click Here

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