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.
Dolat Capital Report
Navin Fluorine International Ltd. reported sales growth of 6.3% YoY to Rs 3.4 billion (our estimate: Rs 3.1 billion).
Ebitda and profit after tax de-grew by 7.2% and 6.8% YoY to Rs 842 million and Rs 632 million respectively.
On a sequential basis, sales/Ebitda/profit after tax grew by 3.8/8.2/13.1%.
Gross margin remained flat YoY at 55% while Ebitda margin saw a 361 basis points YoY contraction to 24.8% on account of higher employee costs and other expenses which rose by 28.4% and 15.2% YoY to Rs 436 million and Rs 588 million respectively.
Navin Fluorine's profit after tax declined by 6.8% YoY to Rs 632 million impacted by a higher depreciation charge of Rs 119 million (up 9.3% YoY).
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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
