Navin Fluorine International Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
January 25, 2021 at 06:51 am
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Navin Fluorine International Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 3,190.05 million compared to INR 2,721.058 million a year ago. Net income was INR 588.918 million compared to INR 454.165 million a year ago. For the nine months, total revenue was INR 8,987.108 million compared to INR 8,126.23 million a year ago. Net income was INR 1,827.285 million compared to INR 1,358.91 million a year ago.
Navin Fluorine International Limited is an India-based company that is primarily focused on fluorine chemistry, which produces refrigeration gases, inorganic fluorides, specialty organofluorines. The Company operates through the Chemical Business segment. It has two geographical segments based upon the location of its customers, which include within India and outside India. It is the manufacturer of specialty fluorochemicals, which comprises synthetic cryolite, fluorocarbon gases, and hydrofluoric acid and other fluorine chemicals. It offers contract research and manufacturing services. The Company has anhydrous hydrofluoric and diluted hydrofluoric acid manufacturing capacities in India with a multi-product portfolio. It serves industries, including stainless steel, glass, oil and gas, abrasives, electronic products, and life and crop science, among others. The Companyâs manufacturing facilities are located at Surat in Gujarat and Dewas in Madhya Pradesh.