Operating EBITDA jumped 26% to Rs 65.5 crore in Q3 FY20 up from Rs 51.9 crore reported in Q3 FY19. EBITDA margin grew by 297 basis points to 25.1% in Q3 December 2019 from 22.2% posted in Q3 December 2018.

Strong performance in domestic & export market was driven by higher volumes. Strong project pipeline in life science & crop science continues to drive growth. Overall increase in profitability was due to better pricing and lower cost. Strong demand came from non-emissive sector. Prices of major raw material had seen drop.

The company has also declared an interim dividend of Rs 4 per equity share. The stock hit an intraday high of Rs 1,202 on BSE which is also a record high for the counter.

Navin Fluorine International is one of the manufacturers of speciality fluorochemicals.