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Shares of Navin Fluorine International has surged 9% to Rs 1,265, also its record high on the BSE, after the company's net profit more than doubled at Rs 18.15 crore for the quarter ended June 30, 2015 (Q1). The commodity chemicals maker had reported a profit of Rs 8.50 crore in the year-ago quarter.
Net sales of the company during the reporting quarter increased by 15% at Rs 150 crore against Rs 130 crore in the corresponding quarter of previous fiscal.
EBITDA (earnings before interest, tax, depreciation and amortisation) margin also improved to 17% against 9.42% in the same quarter last year.
At 09:52 AM, the stock was up 7.5% at Rs 1,252 with a combined 64,984 shares changing hands on the counter on the BSE and NSE.
Net sales of the company during the reporting quarter increased by 15% at Rs 150 crore against Rs 130 crore in the corresponding quarter of previous fiscal.
EBITDA (earnings before interest, tax, depreciation and amortisation) margin also improved to 17% against 9.42% in the same quarter last year.
At 09:52 AM, the stock was up 7.5% at Rs 1,252 with a combined 64,984 shares changing hands on the counter on the BSE and NSE.
