Navin Fluorine International Limited, a leading specialty chemicals company in India specializing in fluorochemicals, reported impressive financial results for the quarter ended September 2025. The company’s consolidated net revenue from operations surged by 46.26% year-on-year to reach ₹758.42 crore. This robust revenue growth signals strong demand and operational performance in its core business segments.
Profit figures also showed remarkable growth, with the profit before tax (PBT) rising by 157.33% year-on-year to ₹197.50 crore. Profit after tax (PAT) soared 152.24% year-on-year to ₹148.37 crore for the quarter, demonstrating significant profitability improvement compared to the same period last year. The operating EBITDA advanced 129.32% year-on-year to ₹246.17 crore, with the operating EBITDA margin jumping 1,176 basis points to an impressive 32.46%, underscoring Navin Fluorine’s strong operational efficiency.
Business Overview
Navin Fluorine International Limited operates primarily in the specialty fluorochemicals sector. The company manufactures a diverse range of fluorine-based chemicals including refrigeration gases, inorganic fluorides, specialty organofluorines, and hydrofluoric acid. It serves multiple industries such as stainless steel, glass, oil and gas, abrasives, electronics, life sciences, and crop sciences.
The firm has integrated manufacturing complexes located at Surat and Dahej in western India, and Dewas in central India. It also operates a dedicated R&D center known as Navin Research Innovation Center (NRIC) at Surat, which focuses on developing new fluorochemical products and processes in an environmentally compliant manner.
Navin Fluorine’s business is segmented into four strategic units:
- Refrigeration Gases
- Inorganic Fluorides
- Specialty Fluorides
- Contract Development and Manufacturing Organization (CDMO)
The company reported strong revenue contributions from these segments in Q2 FY26. For instance, high-performance products including refrigerants and inorganic fluorides saw revenue increase by 38% to ₹404 crore. The specialty chemicals segment grew 39% to ₹220 crore, while the CDMO segment nearly doubled its revenue to ₹134 crore.
Recent Capital Expenditure and Expansion
Aligned with its strong financial performance, the company’s board has approved a capital expenditure of ₹236.50 crore for expanding hydrofluorocarbon (HFC) capacity by up to 15,000 metric tons per annum at its Surat facility. Additional ₹75 crore is earmarked for debottlenecking the multi-purpose plant at Dahej. These expansion plans are expected to significantly boost Navin Fluorine’s production capacity and revenue potential, targeting an estimated revenue range of ₹600 to ₹825 crore from the new capacity.
Financial Strength
Navin Fluorine maintains a solid liquidity position, with cash and cash equivalents at ₹721.50 crore. The company’s strong earnings growth and efficient margin expansion position it well to capitalize on emerging market opportunities in the fluorochemicals space.
