Navin Fluorine shares focus as Q3 net profit rises 122% to Rs 185 crore

Shares of Navin Fluorine International Ltd will begin trading on Tuesday, February 10, after the company reported a robust set of numbers for the December quarter of its 2026 financial year. Net profit rose to Rs 185.4 crore in the quarter, an impressive 122% increase from Rs 83.6 crore in the corresponding period last year.Operating revenue rose 47.2% year-on-year to Rs 892.3 crore, compared to Rs 606.2 crore a year earlier.

Operating performance improved significantly during the quarter. EBITDA rose to Rs 307.4 crore from Rs 147.3 crore in the same period last year, while EBITDA margin increased from 24.3% to 34.4%, due to stronger operating leverage and a favorable business mix.In terms of revenue breakdown, HPP (high-performance products), which includes refrigerants and inorganic fluorides, reported a 35% increase in revenue to Rs 412 crore in Q3FY26. The specialty chemicals business posted a 60% increase to Rs 354 crore, while the CDMO business rose 61% in terms of turnover to Rs 127 crore, the company’s regulatory filings showed.

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The HPP segment reported revenue growth during the period, supported by higher realizations and higher volumes. The AHF capex was commissioned in Q4FY26 and shipments have already started. It also noted that the price environment for HFC remains constructive.

The specialty chemicals company continues to maintain a strong product pipeline, with scale-up of existing molecules underway and the launch of new molecules planned. Debottlenecking of MPP capacity at the Dahej facility is progressing as planned and is expected to be commissioned in Q3 27. The segment delivered its highest quarterly performance ever and the outlook remains positive, supported by strong order visibility for the fourth quarter and beyond. The CDMO business maintained its momentum with robust order visibility. The company highlighted progress in its strategy, focusing on a balanced portfolio with a mix of early and late or commercial stage molecules. Deliveries for a material order to one EU major have been completed and discussions on future deliveries are ongoing, while another EU major has placed a scale-up order scheduled for deliveries in the fourth quarter.

Navin Fluorine is a specialty fluorochemical manufacturer serving global customers in pharmaceuticals, agricultural chemicals, specialty chemicals and performance materials.

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