Navin Fluorine International Limited has informed the Exchange about Transcript
NAVINFLUOR · price
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Navin Fluorine reported a strong Q2 FY26 with revenue of INR758 crores, up 46% year-on-year, and operating EBITDA of INR246 crores, up 129% YoY, with EBITDA margin expanding sharply to 32.5% from 20.7% in Q2 FY25. H1 FY26 revenue rose 42% to INR1,484 crores and PAT more than doubled to INR266 crores (+141% YoY). All three business verticals — HPP, Specialty Chemicals, and CDMO — posted robust growth, with the CDMO segment up 98% YoY to INR134 crores. The Board declared an interim dividend of INR6.5 per share and approved two new capex projects: INR236.5 crores for 15,000 MT/annum additional R32 capacity (peak revenue INR600-825 crores) and INR75 crores for MPP debottlenecking (peak revenue INR140-160 crores), both funded through internal accruals. Management upgraded FY26 EBITDA margin guidance from 25% to 28-30% and indicated Fermion supplies will commence from January 2026.
Strong quarterly beat, margin upgrade to 28-30% for FY26, and value-accretive capex announcements with clear revenue visibility into FY27 are positive signals for the stock. Shareholders also benefit from an interim dividend, though management declined to share specific contract-versus-spot revenue mix citing commercial sensitivity.