Navin Flourine surges 6% on Q4 earnings, update on Covid-19 impact

The company said the Covid-19 was unlikely to have any significant impact on its operations

Shares of Navin Fluorine International zoomed 6 per cent to Rs 1,655 on the BSE after the company reported a 675.13 per cent surge on a year-on-year (YoY) basis in consolidated net profit to Rs 272.69 crore in March quarter of 2019-20 (Q4FY20).
 

The company's sales rose 9.5 per cent YoY to Rs 276.57 crore in the quarter as against Rs 252.58 crore posted during the corresponding quarter last year. 

It posted a 52 per cent YoY growth in its Speciality Business revenues to Rs 104 crore on the back of strong performance in domestic and export markets driven by higher