 "Navin Fluorine hits 52-week high on strong Q2 earnings")
Navin Fluorine International has rallied 11% to Rs 1,535, also its 52-week high on the BSE, after reporting a more-than-doubled net profit at Rs 23.23 crore for the quarter ended September 30, 2015 (Q2), on back of strong operational performance.
The commodity chemicals manufacturer had profit of Rs 10.08 crore in a year ago quarter.
Net sales of the company during the quarter increased by 21.8% at Rs 151 crore against Rs 124 crore in the corresponding quarter of previous fiscal.
Operating or earnings before interest, tax, depreciation and amortization (EBITDA) margin expanded to 20.97% from 11.17% during the recently concluded quarter.
At 09:23 am, the stock was up 9% at Rs 1,510 on the BSE as compared to 0.41% decline in Sensex. A combined 46,381 equity shares changed hands on the counter on the BSE and NSE.
The commodity chemicals manufacturer had profit of Rs 10.08 crore in a year ago quarter.
Net sales of the company during the quarter increased by 21.8% at Rs 151 crore against Rs 124 crore in the corresponding quarter of previous fiscal.
Operating or earnings before interest, tax, depreciation and amortization (EBITDA) margin expanded to 20.97% from 11.17% during the recently concluded quarter.
At 09:23 am, the stock was up 9% at Rs 1,510 on the BSE as compared to 0.41% decline in Sensex. A combined 46,381 equity shares changed hands on the counter on the BSE and NSE.
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