Navin Fluorine's Q2FY24 Financial Performance Review
In this financial performance review, we delve into the results of Navin Fluorine for Q2FY24 and analyze key metrics, including revenue, expenses, net profit, and margin.
| Particulars | Q2FY23 | YoY (% change) | Q1FY24 | QoQ (% change) | Q2FY24 |
| Total Income (₹crs.) | 430.10 | 15.07 | 499.45 | -0.91 | 494.90 |
| Expenses (₹crs.) | 347.05 | 20.36 | 417.68 | 0 | 417.70 |
| Net Profit (₹crs.) | 57.81 | 4.79 | 61.53 | -1.54 | 60.58 |
| Margin (%) | 13.44 | -1.20 | 12.32 | -0.08 | 12.24 |
REVENUE:
Navin Fluorine reported a total income of ₹494.90, representing a slight decrease of -0.91% compared to the preceding quarter. Year-on-year, the revenue showed a healthy growth of 15.07% from ₹430.10 crores in Q2FY23.
EXPENSES:
The company's expenses for Q2FY24 amounted to ₹417.70 crores, showing no change compared to the preceding quarter. YoY, expenses increased by 20.36% compared to Q2FY23, when expenses were ₹347.05 crores.
NET PROFIT:
Navin Fluorine reported a net profit of ₹60.58 crores, indicating a slight decrease of -1.54% compared to the net profit of ₹61.53 crores sequentially. However, YoY, the net profit increased by 4.79% from ₹57.81 crores in Q2FY23.
MARGINS:
Navin Fluorine's margin in Q2FY24 was 12.24%, showing a minor decrease of -0.08% sequentially. In a YoY comparison, the margin decreased by -1.20%, down from 13.44% in Q2FY23.
In conclusion, Navin Fluorine's financial performance in the second quarter of fiscal year 2024 reflects a steady revenue stream with a minor dip in profit margins, especially when compared to the preceding quarter. The growth in YoY revenue and net profit indicates a stable financial outlook, and the company seems well-positioned to navigate the market conditions effectively.
Stay tuned for more updates on upcoming financial performances.