Q1 2025 Navin Fluorine International Ltd Earnings Call Transcript
Key Points
- Navin Fluorine International Ltd (BOM:532504) reported a robust 7% year-on-year top line growth despite adverse market conditions.
- The company has secured firm orders for its Agro Specialty project, which is targeted to commence commercial production by September.
- The HPP vertical saw a significant 66% year-on-year growth, driven by stable HFO operations and strong sales of new R32 capacity.
- The company is making progress in diversifying its revenue streams and strengthening partnerships, which are foundational to long-term sustainable growth.
- Navin Fluorine International Ltd (BOM:532504) continues to improve its operating EBITDA margin, which stood at 19.2% in Q1 FY25, up from 18.3% in Q4 FY24.
- The Specialty Chemical vertical experienced a 30% year-on-year decline in revenue due to inventory level rationalization by global agro majors.
- The CDMO vertical saw a 13% year-on-year decline in revenue, reflecting lower order visibility and deferred purchasing decisions.
- Operating EBITDA for Q1 FY25 dropped by 12% year-on-year, impacted by lower specialty sales and a lower CDMO mix in the overall revenue basket.
- Profit after tax in Q1 FY25 stood at INR51.2 crores, a 17% drop from INR61.5 crores in Q1 FY24, due to higher depreciation costs associated with new CapEx.
- The company faces near-term headwinds in the agrochemical environment, with global majors rationalizing inventory levels and impacting specialty business.
Ladies and gentlemen, good day, and welcome to Navin Fluorine International Limited Q1 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Bhavish Shah from Orient Capital. Thank you, and over to you, Mr. Shah.
(technical difficulty) Mr. Anish Ganatra, Chief Financial Officer of Navin Fluorine International Limited. This conference call may contain forward-looking statements about the company, which are based on beliefs, opinion and expectations as of today. Actual results may differ materially. These statements are not the guarantees of the future performance and involve risks and uncertainties that are difficult to predict.
A detailed safe harbor statement is given on Page #2 of investor presentation of the company, which has been uploaded on the stock exchange and company website. With this, I now hand over the call to Mr. Vishad Mafatlal for his opening remarks. Over to you, sir.
Ladies and
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