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Navin Fluorine FY26 PAT Jumps 130% to ₹664 Cr; Declares ₹8.6 Dividend
Navin Fluorine reported a robust performance for FY26, with annual revenue growing 41% to ₹3,314 crores and PAT more than doubling to ₹664 crores. The company achieved significant margin expansion, with FY26 EBITDA margins reaching 32.6%, up 992 basis points year-on-year. Key growth drivers included strong performance in Specialty Chemicals and CDMO segments, alongside the successful commissioning of the AHF plant. Management has declared a final dividend of ₹8.6 per share and maintains a near-debt-free balance sheet with a net debt-to-equity ratio of 0.01x.
Key Highlights
Consolidated FY26 revenue grew 41% YoY to ₹3,314 crores, driven by broad-based momentum across all verticals.
Operating EBITDA for the full year more than doubled to ₹1,082 crores, with margins expanding by 992 bps to 32.6%.
Net working capital cycle improved significantly to 74 days from 90 days, reflecting better operational efficiency.
R32 capacity expansion of 15,000 MTPA and Dahej MPP debottlenecking are both on track for Q3 FY27 commissioning.
Board declared a final dividend of ₹8.6 per equity share (430% of face value).
💼 Action for Investors
Investors should view the strong margin expansion and capacity ramp-ups as positive indicators for sustained growth. Monitor the commissioning of the R32 and Chemours projects in FY27 for further revenue visibility.
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Navin Fluorine FY26 PAT Surges 130% to ₹664 Cr; EBITDA Margins Expand to 32.6%
Navin Fluorine reported a stellar performance for FY26, with consolidated revenue growing 41% YoY to ₹3,313.9 crore and PAT jumping 130% to ₹663.6 crore. The company saw massive margin expansion, with FY26 Operating EBITDA margins rising by 992 bps to 32.6%. Growth was broad-based across segments, led by CDMO (+61% in Q4) and Specialty Chemicals (+39% in Q4). The company is also executing significant capex of over ₹430 crore across HFC, MPP, and Advanced Materials to drive future growth.
Key Highlights
FY26 Consolidated Revenue grew 41% YoY to ₹3,313.9 Cr, with Operating EBITDA doubling to ₹1,081.7 Cr.
Q4FY26 CDMO segment revenue grew 61% YoY to ₹186 Cr, supported by commercial supplies from cGMP4.
Operating EBITDA margins for Q4FY26 stood at 34.2%, an expansion of 875 bps compared to Q4FY25.
Announced ₹236.5 Cr capex for additional HFC capacity (15,000 MTPA R32) with peak revenue potential of ₹600-825 Cr.
Return on Capital Employed (ROCE) nearly doubled from 11.5% in FY25 to 21.0% in FY26.
💼 Action for Investors
The significant margin expansion and robust growth in high-value segments like CDMO indicate a strong structural turnaround. Investors should maintain a positive outlook as upcoming capex commissioning in FY27 provides clear revenue visibility.
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Navin Fluorine Recommends ₹8.60 Final Dividend; Sets June 12, 2026 as Record Date
Navin Fluorine International Limited has recommended a final dividend of ₹8.60 per equity share for the financial year 2025-2026, representing a 430% payout on the face value of ₹2. The company has fixed June 12, 2026, as the record date to determine shareholder eligibility for this payment. The dividend is subject to approval at the upcoming Annual General Meeting on August 06, 2026. If approved, the payout will be processed on or after August 13, 2026.
Key Highlights
Final dividend of ₹8.60 per equity share recommended for FY 2025-2026
Dividend payout represents 430% of the face value of ₹2 per share
Record date for dividend eligibility fixed as Friday, June 12, 2026
Payment to be made on or after August 13, 2026, post-AGM approval
Annual General Meeting (AGM) scheduled for August 06, 2026
💼 Action for Investors
Investors seeking to benefit from the dividend should ensure they hold the shares before the ex-dividend date, which typically precedes the June 12 record date. The payout reflects the company's commitment to returning capital to shareholders.
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Navin Fluorine FY26 PAT Surges 130% to ₹663.55 Cr; Final Dividend of ₹8.60 Declared
Navin Fluorine reported a stellar performance for FY26, with consolidated revenue rising 41% to ₹3,313.90 crore. Profit After Tax (PAT) more than doubled to ₹663.55 crore, reflecting strong margin expansion and operational growth. The board recommended a final dividend of ₹8.60 per share, representing a 430% payout on face value. Leadership stability is also addressed with the five-year re-appointment of Executive Chairman Vishad P. Mafatlal.
Key Highlights
Annual revenue grew to ₹3,313.90 crore in FY26 from ₹2,349.38 crore in FY25.
Full-year PAT surged 130% YoY to ₹663.55 crore with EPS rising to ₹130.67.
Final dividend of ₹8.60 per share recommended with a record date of June 12, 2026.
Q4 FY26 revenue stood at ₹937.71 crore, up from ₹700.94 crore in the year-ago quarter.
Re-appointment of Vishad P. Mafatlal as Executive Chairman for a 5-year term starting August 2026.
💼 Action for Investors
The exceptional growth in profitability and consistent dividend policy make this a positive update for long-term shareholders. Investors should monitor the sustainability of these high margins in the upcoming quarters.
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Navin Fluorine FY26 PAT Jumps 130% to ₹664 Cr; Recommends ₹8.60 Final Dividend
Navin Fluorine reported a robust performance for FY26, with consolidated revenue growing 41% YoY to ₹3,313.90 crore. Net profit saw a significant surge of 130%, reaching ₹663.55 crore compared to ₹288.58 crore in the previous fiscal year. The board recommended a final dividend of ₹8.60 per share, reflecting strong cash flow and confidence in future growth. Additionally, the company ensured leadership continuity by re-appointing Vishad P. Mafatlal as Executive Chairman for another five-year term.
Key Highlights
Consolidated Revenue from operations increased by 41% YoY to ₹3,313.90 crore in FY26.
Net Profit (PAT) for the full year grew by 130% to ₹663.55 crore from ₹288.58 crore in FY25.
Q4 FY26 PAT stood at ₹212.62 crore, a 124% increase compared to ₹94.96 crore in Q4 FY25.
Board recommended a final dividend of ₹8.60 per equity share (430% of face value) with a record date of June 12, 2026.
Vishad P. Mafatlal re-appointed as Executive Chairman for a 5-year term starting August 2026.
💼 Action for Investors
The strong earnings growth and significant margin expansion reflect positive momentum in the specialty chemicals segment. Long-term investors should maintain their positions given the leadership continuity and robust financial trajectory.
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Navin Fluorine FY26 PAT Surges 130% to ₹664 Cr; Recommends ₹8.60 Final Dividend
Navin Fluorine reported a stellar performance for the financial year ended March 31, 2026, with annual consolidated revenue growing 41% to ₹3,313.90 crore. Net profit for the full year more than doubled, reaching ₹663.55 crore compared to ₹288.58 crore in the previous fiscal. The company demonstrated strong quarterly momentum with Q4 PAT rising 124% YoY to ₹212.62 crore. Alongside the results, the board recommended a final dividend of ₹8.60 per share and ensured leadership continuity by re-appointing the Executive Chairman for a five-year term.
Key Highlights
Annual Consolidated Revenue from Operations increased 41% YoY to ₹3,313.90 crore in FY26.
Full-year Profit After Tax (PAT) surged 130% to ₹663.55 crore from ₹288.58 crore in FY25.
Q4 FY26 Revenue grew 34% YoY to ₹937.71 crore with a PAT of ₹212.62 crore.
Recommended a final dividend of ₹8.60 per equity share (430% of face value) with a record date of June 12, 2026.
Re-appointment of Mr. Vishad P. Mafatlal as Executive Chairman for a 5-year term starting August 2026.
💼 Action for Investors
The exceptional growth in both top-line and bottom-line figures, coupled with a healthy dividend payout, makes this a strong performance. Investors should maintain a positive outlook on the stock given the operational scaling and leadership stability.
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India Ratings Affirms NFL's Credit Rating at IND AA/Stable for Rs 18,600 Cr Bank Facilities
India Ratings & Research (Ind-Ra) has reaffirmed the credit ratings for National Fertilizers Limited's (NFL) debt instruments, reflecting a stable financial outlook. The agency affirmed the 'IND AA' rating with a stable outlook for fund-based bank facilities worth ₹9,000 crore. Short-term ratings for non-fund based facilities of ₹9,600 crore and commercial paper worth ₹4,000 crore were also maintained at 'IND A1+'. This affirmation underscores the company's continued creditworthiness and its strategic importance as a Navratna PSU.
Key Highlights
Affirmed 'IND AA/Stable' rating for ₹90,000 million (₹9,000 Cr) in fund-based bank loan facilities.
Maintained 'IND A1+' rating for ₹96,000 million (₹9,600 Cr) in non-fund based bank facilities.
Commercial Paper program of ₹40,000 million (₹4,000 Cr) reaffirmed at 'IND A1+'.
Total bank loan facilities covered under this rating action amount to ₹186,000 million (₹18,600 Cr).
Ratings were assigned by India Ratings & Research (Ind-Ra) as of March 26, 2026.
💼 Action for Investors
The affirmation of high-grade ratings indicates that NFL maintains strong access to credit markets and a stable financial profile. Investors should consider this a confirmation of the company's low default risk, though it is not a new growth trigger for the stock.
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Navin Fluorine Promoters Release Pledge on 1.5 Lakh Shares; Now 100% Pledge-Free
Mafatlal Impex Private Limited, a promoter group entity of Navin Fluorine International Limited, has released a pledge on 1,50,000 equity shares. These shares, representing 0.29% of the company, were previously pledged with State Bank of India. Following this release, the entire promoter holding of 25.44% (1,30,36,149 shares) is now completely free of any encumbrances. This move eliminates the risk of forced liquidation by lenders and reflects improved financial health of the promoter group.
Key Highlights
Release of pledge on 1,50,000 equity shares (0.29% stake) by promoter Mafatlal Impex Private Limited.
The shares were released by State Bank of India (SBI) on March 20, 2026.
The notional value of the released shares is approximately ₹91.86 crore based on recent market prices.
Post-transaction, 100% of the promoter's total 25.44% stake in the company is now unencumbered.
The Amended and Restated Agreement for Pledge dated August 14, 2024, has officially terminated.
💼 Action for Investors
Investors should view the transition to a zero-pledge status as a positive indicator of promoter stability. While this improves market sentiment, long-term focus should remain on the company's execution in the specialty chemicals and CDMO segments.
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Navin Fluorine Promoters Release All Pledged Shares; 1.5 Lakh Shares Unpledged by SBI
Navin Fluorine's promoter, Mafatlal Impex Private Limited, has successfully released the remaining 1,50,000 pledged equity shares from State Bank of India. This follows a previous release of 3,00,000 shares, effectively bringing the total number of pledged promoter shares to zero. The termination of the pledge agreement dated August 14, 2024, signifies that the promoter's entire holding is now encumbrance-free. This move is generally viewed as a positive signal regarding the financial health and stability of the promoter group.
Key Highlights
Release of final 1,50,000 equity shares of face value ₹2 each previously pledged to SBI
Promoter group equity shares in the company are now 100% free of any pledge
Automatic termination of the Amended and Restated Agreement for Pledge dated August 14, 2024
Follows a prior release of 3,00,000 shares as per the August 22, 2024, disclosure
💼 Action for Investors
Investors should view this as a positive corporate governance development that removes potential liquidation risk. No immediate action is required, but the zero-pledge status strengthens the stock's investment profile.
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NFL Fined ₹5.43 Lakh by NSE for Non-Compliance with SEBI Board Composition Norms
National Fertilizers Limited (NFL) has received a notice from the National Stock Exchange (NSE) for non-compliance with Regulation 17(1) regarding the composition of its Board of Directors. The Exchange has imposed a total fine of ₹5,42,800 (including GST) for a 92-day period of non-compliance during the quarter ended September 30, 2025. The company has requested a waiver of the fine, stating that as a PSU, the appointment of Independent Directors is handled by the Department of Fertilizers (DoF). The Board is currently following up with the DoF to ensure the required appointments are made to meet regulatory standards.
Key Highlights
NSE imposed a fine of ₹4,60,000 plus 18% GST (total ₹5,42,800) for non-compliance with Regulation 17(1).
The penalty is based on 92 days of non-compliance at a rate of ₹5,000 per day.
NFL has formally requested NSE and BSE to waive the fine, citing lack of control over director appointments.
The company is coordinating with the Department of Fertilizers (DoF) to appoint the necessary number of Independent Directors.
Failure to comply could lead to freezing of promoter shareholding or shifting the stock to the 'Trade for Trade' (Z Category) segment.
💼 Action for Investors
Investors should monitor the timeline for the appointment of Independent Directors by the Government to ensure the company avoids further penalties or a shift to the 'Z Category'. While the financial impact is minimal, persistent governance non-compliance is a risk factor for PSU stocks.
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NFL Board Approves ₹104.03 Cr Bentonite Sulphur Plant with 25,000 MTPA Capacity
National Fertilizers Limited (NFL) has received in-principle board approval to establish a new Bentonite Sulphur (BS) plant at its Vijaipur unit. The project involves a capital investment of ₹104.03 crores and will add a production capacity of 25,000 MTPA. Currently, the Vijaipur unit has no capacity for this product, making this a strategic move to diversify its product portfolio. The expansion is intended to cater to the rising demand for specialized fertilizers in the Indian market.
Key Highlights
In-principle approval for a new 25,000 MTPA Bentonite Sulphur plant at the Vijaipur unit.
Estimated project capital expenditure is ₹104.03 crores.
The project marks a new product line for the Vijaipur unit, which currently has zero BS capacity.
The investment is aimed at capturing increasing market demand for value-added fertilizers.
Financing details and execution timelines are to be finalized as the project is in its initial stages.
💼 Action for Investors
Investors should view this as a positive step toward product diversification into higher-margin specialized fertilizers. Monitor future announcements regarding the project's funding structure and commissioning timeline.
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NFL Q3 FY26 Revenue Grows 17% YoY to ₹6,870 Crore; Board Approves AOA Amendment
National Fertilizers Limited (NFL) reported a strong 17.3% year-on-year growth in standalone revenue from operations, totaling ₹6,869.75 crore for the quarter ended December 31, 2025. The company recognized significant subsidy income of ₹537.06 crore for the quarter under the Department of Fertilizers' operational guidelines. Additionally, the Board approved an alteration to the Articles of Association (AOA), which now awaits approval from the Ministry of Chemicals and Fertilizers and shareholders. Consolidated results were further supported by a ₹41.61 crore profit contribution from joint ventures.
Key Highlights
Standalone Revenue from Operations increased to ₹6,869.75 crore in Q3 FY26 compared to ₹5,855.85 crore in Q3 FY25.
Subsidy income of ₹537.06 crore recognized for the quarter on DAP & TSP fertilizers based on NBS subsidy rates.
Total standalone income for the nine-month period ended December 2025 reached ₹17,208.54 crore.
Consolidated share of net profit from joint ventures stood at ₹41.61 crore for the December quarter.
Board approved alteration of Articles of Association (AOA) subject to administrative ministry and shareholder special resolution.
💼 Action for Investors
Investors should view the steady revenue growth and positive JV contributions as signs of operational stability. Monitor the upcoming shareholder meeting for details on the AOA amendment and the continued timely realization of government subsidies.
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NFL Q3 FY26 Standalone Revenue Rises 17% YoY to ₹6,870 Crore
National Fertilizers Limited (NFL) reported a standalone revenue of ₹6,869.75 crore for the quarter ended December 31, 2025, representing a 17.3% growth compared to ₹5,855.85 crore in the previous year. The company recognized a significant subsidy income of ₹537.06 crore for the quarter on DAP and TSP fertilizers following government guidelines. For the nine-month period, total standalone income reached ₹17,208.54 crore, up from ₹15,408.13 crore year-on-year. Additionally, the Board has proposed alterations to the Articles of Association, which are subject to approval from the Ministry of Chemicals and Fertilizers and shareholders.
Key Highlights
Standalone Revenue from Operations increased 17.3% YoY to ₹6,869.75 crore in Q3 FY26.
Recognized subsidy income of ₹537.06 crore for the quarter and ₹1,463.95 crore for the nine-month period on DAP & TSP fertilizers.
Total Standalone Income for the nine months ended December 2025 rose to ₹17,208.54 crore.
Consolidated results include a net profit share of ₹41.61 crore from two joint ventures during the quarter.
Board approved an alteration in the Articles of Association, pending administrative ministry and shareholder special resolution.
💼 Action for Investors
Investors should view the healthy revenue growth and consistent subsidy recognition as positive signs for operational stability. Monitor the impact of the proposed Articles of Association changes and the final net profit margins once fully audited.
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Sunflag Iron & Steel Q3 Net Profit Rises 17% YoY to ₹59.10 Cr; Revenue at ₹942.47 Cr
Sunflag Iron and Steel reported a steady performance for Q3 FY26, with standalone revenue growing 5.6% YoY to ₹942.47 crore. Net profit for the quarter increased by 17.2% YoY to ₹59.10 crore, despite an exceptional charge of ₹8.70 crore related to new labour code liabilities. The company's bottom line was supported by lower tax expenses during the quarter compared to the previous year. Notably, total comprehensive income saw a massive swing due to mark-to-market gains on its investment in Lloyds Metal & Energy Limited.
Key Highlights
Standalone Revenue from operations grew 5.6% YoY to ₹942.47 crore from ₹892.00 crore.
Net Profit after tax increased to ₹59.10 crore, up from ₹50.44 crore in the same quarter last year.
The company recorded an exceptional loss of ₹8.70 crore due to increased gratuity and leave liabilities from new Labour Codes.
Earnings Per Share (EPS) improved to ₹3.28 for the quarter, compared to ₹2.80 in Q3 FY25.
Re-appointed PwC Services LLP as Internal Auditors for the upcoming financial year 2026-27.
💼 Action for Investors
The company shows resilient operational performance with YoY growth in both top and bottom lines. Investors should monitor the volatility in Other Comprehensive Income caused by the LMEL investment, as it significantly impacts the total comprehensive income.
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Sunflag Iron Q3 Net Profit Rises 17% YoY to ₹59.10 Cr; Massive MTM Gains on LMEL Stake
Sunflag Iron and Steel reported a standalone net profit of ₹59.10 crore for the quarter ended December 31, 2025, representing a 17% growth over the same period last year. Revenue from operations increased to ₹942.47 crore, up from ₹892.00 crore YoY, despite a slight sequential dip. The company recognized an exceptional loss of ₹8.70 crore due to increased liabilities from new Labour Codes. Notably, total comprehensive income reached ₹551.73 crore, largely driven by a significant mark-to-market gain of ₹576.41 crore on its equity investment in Lloyds Metal & Energy Limited.
Key Highlights
Revenue from operations grew 5.6% YoY to ₹94,247 lakhs (₹942.47 crore).
Net Profit after tax increased to ₹5,910 lakhs (₹59.10 crore) from ₹5,044 lakhs YoY.
Exceptional item of ₹870 lakhs recorded for gratuity and leave liability following new Labour Code assessments.
Other Comprehensive Income (OCI) surged to ₹57,641 lakhs due to MTM gains on shares of Lloyds Metal & Energy Limited.
PricewaterhouseCoopers Services LLP re-appointed as Internal Auditors for the Financial Year 2026-27.
💼 Action for Investors
Investors should monitor the core steel business margins which remain steady, while recognizing that the company's book value is significantly bolstered by its investment in Lloyds Metal & Energy. The stock remains a play on both the secondary steel sector and the valuation of its strategic equity holdings.
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Navin Fluorine Q3 FY26 PAT Jumps 122% to ₹185 Cr; Revenue Up 47% YoY
Navin Fluorine reported a stellar Q3 FY26 performance with revenue growing 47% YoY to ₹892 crores, driven by strong growth across all business verticals. The company's EBITDA margins expanded significantly to 34.5%, up from 24.3% in the previous year, reflecting strong operating leverage and better realizations. Notably, the Specialty Chemicals segment achieved its highest-ever quarterly revenue of ₹354 crores, while the CDMO business grew by 61% YoY. With the successful commissioning of Wave-1 CAPEX projects and a healthy pipeline for Wave-2, the company remains well-positioned for sustainable growth.
Key Highlights
Consolidated Revenue for Q3 FY26 rose 47% YoY to ₹892 crores, surpassing full-year FY25 revenue within nine months.
Net Profit (PAT) surged 122% YoY to ₹185 crores, with EBITDA margins expanding by 1,020 bps to 34.5%.
Specialty Chemicals vertical recorded its highest-ever quarterly revenue of ₹354 crores, a 60% YoY increase.
Successfully commissioned cGMP-4 Phase-1 and AHF projects, marking the completion of Wave-1 CAPEX.
Maintained a strong balance sheet with a net debt-to-equity ratio of 0.03x and working capital below 80 days.
💼 Action for Investors
Investors should view this as a strong growth signal given the massive margin expansion and successful execution of CAPEX projects. The stock remains a high-conviction play in the specialty fluorochemicals and CDMO space with clear revenue visibility.
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Navin Fluorine Q3FY26: Revenue up 47% YoY to ₹892 Cr, EBITDA jumps 109%
Navin Fluorine reported a robust Q3FY26 with consolidated revenue growing 47% YoY to ₹892.4 crore. Operating EBITDA saw a significant surge of 109% YoY to ₹307.6 crore, with margins expanding by 1017 bps to 34.5%. Growth was driven by strong performance across Specialty Chemicals (+60% YoY), CDMO (+61% YoY), and HPP (+35% YoY) segments. The company is also progressing on several capex projects, including HFC expansion and MPP de-bottlenecking, aimed at future growth.
Key Highlights
Consolidated Revenue for Q3FY26 grew 47% YoY to ₹892.4 crore and 18% Q-o-Q.
Operating EBITDA margin expanded significantly to 34.5%, up from 24.3% in the previous year.
Specialty Chemicals revenue reached its highest-ever quarter at ₹354 crore, up 60% YoY.
CDMO business grew 61% YoY to ₹127 crore with strong order visibility for CY26 and beyond.
Announced ₹236.5 crore capex for additional HFC capacity (R32) with a peak revenue potential of ₹600-825 crore.
💼 Action for Investors
Investors should note the significant margin expansion and strong performance across all three business verticals. The stock remains a key play in the fluorination space with visible growth from upcoming capex in HFC and Specialty Chemicals.
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Navin Fluorine Q3FY26: Revenue Jumps 47% to ₹892 Cr, EBITDA Surges 109% with Strong Margins
Navin Fluorine reported a robust Q3FY26 performance with consolidated revenue growing 47% YoY to ₹892.4 crore and Operating EBITDA surging 109% YoY to ₹307.6 crore. Operating EBITDA margins expanded significantly by 1017 bps YoY to 34.5%, driven by higher realizations and volumes across Specialty and HPP segments. The company is executing major capex projects, including a ₹236.5 crore HFC expansion and a ₹75 crore de-bottlenecking project, both targeted for Q3FY27. The CDMO business also showed strong momentum with 61% YoY growth and a positive outlook for CY26.
Key Highlights
Consolidated Q3FY26 Revenue grew 47% YoY to ₹892.4 Cr; Operating EBITDA rose 109% to ₹307.6 Cr.
Operating EBITDA margin reached 34.5%, up 1017 bps YoY and 201 bps Q-o-Q.
Specialty Chemicals segment achieved its highest-ever quarterly revenue of ₹354 Cr, up 60% YoY.
New HFC capacity capex of ₹236.5 Cr is on track for Q3FY27 with a peak revenue potential of ₹600-825 Cr.
CDMO segment revenue increased 61% YoY to ₹127 Cr with strong order visibility from European majors.
💼 Action for Investors
Investors should take note of the significant margin expansion and the aggressive capex roadmap which provides high revenue visibility through FY27. The stock remains a strong candidate for long-term portfolios focused on the specialty chemicals and CDMO sectors.
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Navin Fluorine Q3 FY26: Revenue up 47% YoY to ₹892 Cr, EBITDA Margins Expand to 34.5%
Navin Fluorine reported a robust Q3 FY26 with consolidated revenue growing 47% YoY to ₹892.4 crore, driven by strong performance across all business verticals. Operating EBITDA surged 109% YoY to ₹307.6 crore, with margins expanding significantly by 1017 bps to 34.5%. The Specialty Chemicals segment achieved its highest-ever quarterly revenue of ₹354 crore, while the CDMO and HPP segments grew by 61% and 35% respectively. The company is aggressively investing in capex, including a ₹236.5 crore HFC expansion and ₹75 crore MPP de-bottlenecking, both targeted for Q3 FY27.
Key Highlights
Consolidated Revenue grew 47% YoY to ₹892.4 Cr; PAT increased 122% YoY to ₹185.4 Cr.
Operating EBITDA margin expanded significantly to 34.5% from 24.3% in the previous year.
Specialty Chemicals segment recorded its highest-ever quarterly revenue of ₹354 Cr, up 60% YoY.
CDMO business showed strong momentum with 61% YoY growth and robust order visibility for Q4 and beyond.
Announced HFC (R32) capex of ₹236.5 Cr with a peak revenue potential of ₹600-825 Cr per annum.
💼 Action for Investors
Investors should consider this a strong performance update, highlighting successful execution in high-margin segments and clear visibility for future growth through massive capex. The significant margin expansion and 'highest-ever' specialty revenue suggest a structural improvement in profitability.
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Navin Fluorine Q3 FY26 Consolidated PAT Jumps 122% YoY to ₹185 Cr; Revenue Up 47%
Navin Fluorine reported a robust performance for Q3 FY26, with consolidated revenue growing 47.2% YoY to ₹892.37 crore. Net profit (PAT) surged by 121.7% YoY to ₹185.40 crore, even after accounting for an exceptional charge of ₹20.47 crore related to new labour code liabilities. The company demonstrated strong sequential momentum, with revenue and PAT increasing 17.6% and 24.9% respectively over Q2 FY26. Additionally, the company confirmed that the ₹750 crore raised via QIP in July 2025 has been fully utilized.
Key Highlights
Consolidated Revenue from operations grew 47.2% YoY to ₹892.37 crore from ₹606.20 crore.
Consolidated Profit After Tax (PAT) increased 121.7% YoY to ₹185.40 crore.
Recognized an exceptional item of ₹20.47 crore as incremental liability for employee benefits under New Labour Codes.
Basic EPS rose significantly to ₹36.18 from ₹16.86 in the corresponding quarter last year.
Interim dividend of ₹6.50 per share (325%) was paid during the quarter for FY 2025-26.
💼 Action for Investors
The strong top-line and bottom-line growth suggests successful capacity utilization and robust demand in the specialty chemicals segment. Investors should remain positive but monitor the long-term impact of the New Labour Codes on operating margins.