BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Navin Fluorine International Ltd. reported a revenue/Ebitda that was 9%/8% higher than our estimate. Gross margin was in line at 56%, while Ebitda margin grew 90 basis point QoQ to 26.7%.
Growth in Q3 FY22 was driven by strong growth in the legacy business – refrigerant gas and the inorganic fluorides (up 31%/28% QoQ) – and was led by increased realisation and improved pricing on the back of strong demand in the domestic market.
Navin Fluorine is confident of maintaining its quarterly run-rate of $10 million in the contract research and manufacturing services segment in Q4 FY22. Specialty chemicals growth was led by partnerships with large international customers.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
RECOMMENDED FOR YOU
POPULAR