Navin Fluorine gains 6%, nears record high on healthy Q2 results

The company's Ebitda margins improved 323 basis points to 24.9 per cent from 21.7 per cent in previous year quarter

Shares of Navin Fluorine International were up 6 per cent at Rs 2,246 on the BSE on Thursday in an otherwise weak market after reporting a healthy 43 per cent year-on-year (YoY) growth in net profit at Rs 67.8 crore in September quarter (Q2FY21), on the back of strong operational performance.

The stock was trading close to its record high level of Rs 2,248.50, touched on September 16, 2020. In comparison, the S&P BSE Sensex was down 0.38 per cent at 39,770 points at 10:47 am.

Ebitda (earnings before interest, taxes, depreciation, and amortisation) margins improved 323 basis