Navin Fluorine Q1 profit more than doubles; board clears ₹90 crore capex for advanced materials
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Navin Fluorine International Ltd. reported a sharp increase in its June quarter earnings, with consolidated net profit more than doubling on the back of strong revenue growth across business segments, while the company's board also approved a ₹90 crore capital expenditure to expand its Advanced Materials portfolio.
The company posted a consolidated net profit of ₹243.31 crore for the quarter ended June 30, 2026, compared with ₹117.17 crore in the year-ago period, marking a 107.7% year-on-year increase. Revenue from operations rose 44.1% to ₹1,045.08 crore from ₹725.40 crore a year earlier.
Operating EBITDA climbed 72.7% to ₹357.1 crore from about ₹206.8 crore in the corresponding quarter last year, while the operating EBITDA margin expanded 566 basis points to 34.2% from 28.5%, according to the company's investor presentation.
Growth across business segments
Navin Fluorine said revenue growth was broad-based across its businesses, with the high performance products (HPP) segment registering 33% year-on-year growth, specialty chemicals growing 48%, and the contract development and manufacturing organisation (CDMO) business reporting the strongest growth of 82% during the quarter.
The company attributed the HPP business performance to higher volumes and improved realisations, while the specialty chemicals business continued to benefit from strong order visibility and an expanding product pipeline. In the CDMO segment, it highlighted continued demand for existing molecules and deeper engagement with a European CDMO customer.
Board approves ₹90 crore advanced materials capex
Separately, the board approved a ₹90 crore capital expenditure to establish adoption capacities at the company's Surat facility to scale products in its Advanced Materials portfolio from laboratory stage to commercial-scale qualification.
According to the investor presentation, the project is aimed at developing a new high-growth, high-margin business vertical focused on applications in data centres, electronics, defence and semiconductors. The company expects the project to be completed by the second quarter of FY28.
"The Board has approved capital expenditure of ₹90 crores for establishing adoption capacities to progress products forming part of Advanced Materials portfolio, from lab scale to commercial scale qualification at Surat unit of the Company," Navin Fluorine said in its board meeting outcome.
The company also said ongoing expansion projects remain on track, including additional HFC capacity targeted for commissioning in the third quarter of FY27, de-bottlenecking of MPP capacity at Dahej, and expansion of its CDMO manufacturing capabilities.
Shares of Navin Fluorine ended Wednesday's session 0.12% lower at ₹7,620 apiece on the NSE. The stock has gained over 47% in the past year, outperforming the Nifty 500 index, which has risen around 4% during the same period.