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Navin Fluorine profit more than doubles in June quarter
The company said CDMO revenue jumped 82% YoY to ₹180 crore, while margins expanded 566 basis points to 34.2%.
Navin Fluorine International reported a more than two-fold jump in June-quarter net profit, lifting consolidated profit to ₹243.31 crore, up 108% year on year from ₹117.16 crore.
Revenue from operations rose to ₹1,045 crore, up 44.1% YoY, and total revenue including other income increased to ₹1,080.17 crore. EBITDA climbed to ₹357 crore, up 72% YoY, with margins expanding 566 basis points to 34.2%.
The company pointed to strong performance from its Contract Development and Manufacturing Organisation, saying CDMO revenue surged 82% YoY to ₹180 crore, supported by growing demand for existing molecules and deeper engagement with a major European CDMO partner.
Navin Fluorine also said its second phase of a cGMP-4 expansion, requiring a ₹125 crore investment, remains on track to be operational by Q4FY27, as High-Performance Products and speciality chemicals segment revenues rose during the quarter.