Navin Fluorine shares jump over 9% as Q3 net profit rises 7.2%

As on 9:55 AM, the shares of the company were trading 9.35% higher at ₹4,273.65 apiece on the NSE.

On Thursday, the chemical manufacturing company posted a 7.2% rise in consolidated net profit to ₹83.6 crore for the third quarter FY25. EBITDA surged 94.8% to ₹147.3 crore from ₹75.6 crore a year ago, reflecting improved operational efficiency.

During the quarter, the company’s margins expanded significantly to 24.3% from 15.1% YoY, highlighting the company’s ability to optimise costs while capitalising on higher revenue.

The steady increase in the share price comes after a major US distributor with sizable quotas issued concerns about serious supply shortages for R32 and R125, two essential refrigerant gases. The overall capacity of the R32 gas is close to 4,500 tonnes. The company is further expecting to add another 4,500 tonnes of capacity of the R32 by next month.

Global refrigerant gas prices are experiencing a sharp increase, driven by ongoing supply shortages. The heating, ventilation, and air conditioning (HVAC) industry, which relies significantly on these gases for its operations, is facing substantial challenges. These shortages are creating difficulties for companies in the sector, as the limited availability of essential refrigerants like R32 and R125 hampers their ability to meet demand and maintain smooth operations.

The company had announced its earnings post the market hours on January 30. Shares of Navin Fluorine on January 30 closed at ₹3,910, rising 4.54% on the BSE.