Net revenue from operations during the quarter increased by 70% YoY to Rs 697.1 crore.

Operating EBITDA more than doubled to Rs 201.8 crore in Q4 FY23 from Rs 94.3 crore in Q4 FY22. Operating EBITDA margin was 28.9% in Q4 FY23 as against 23% in Q4 FY22.

Profit before tax in Q4 FY23 stood at Rs 184.2 crore, up by 96% from Rs 94.1 crore in Q4 FY22.

The company recorded 43% rise in consolidated net profit to Rs 375.2 crore on a 43% increase in net revenue from operations to Rs 2,077.4 crore in FY23 as compared with FY22.

The board of Navin Fluorine has recommended final dividend of Rs 7 per equity share for the financial year 2022-23. The record date for the same is 07 July 2023. The final dividend will be paid on or after 04 August 2023.

The company's board has approved the re-appointment of Radhesh R. Welling as managing director of the company for a period of 5 consecutive years commencing from 11 December 2023 to 10 December 2028.

The board has also accorded its approval for the re-appointment of Atul K. Srivastava as the independent director of the company for a term of 5 consecutive years with effect from 21 June 2024, not liable to retire by rotation, notwithstanding that he shall attain the age of 75 years during such term.

Navin Fluorine International (NFIL) is a part of Padmanabh Mafatlal Group and is engaged in the manufacturing of fluorinated specialty chemicals. NFIL operates in four major business segments, viz. refrigerant gases, inorganic fluorides, specialty chemicals and RAMS. It operates one of the largest integrated fluorochemical complexes in India with a strong focus on research and development. NFIL's presence is spread across domestic and export markets including Europe, USA, South-east Asia and Middle Eastern countries.

The scrip rose 0.35% to currently trade at Rs 4769 on the BSE.