Top Chemical Co To Consider Interim Dividend, Results On Oct 31, Shares Plunge

Board of directors of mid cap chemical stock, Navin Fluorine International Limited on Tuesday announced that the company will consider and approve the unaudited standalone and consolidated financial results on Oct 31. Navin Fluorine will also consider declaration of interim dividend for the financial year 2023-24. Navin Fluorine shares witnessed a fall of 0.08% on BSE today. Navin Fluorine shares gave 8% return YTD. Check details below:

Navin Fluorine To Consider Results & Interim Dividend On Oct 31: According to the BSE filing issued today, "Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that a Meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, October 31, 2023, inter-alia, to consider, approve and take on record, the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ending September 30, 2023, and to consider declaration of interim dividend for the financial year 2023-2024."

Earlier this year, Board of Navin Fluorine recommended final dividend of Rs. 7/- per equity share of the face value of Rs. 2/- each (i.e. 350% of the face value) for the financial year 2022-2023. The ex-dividend date was July 7, 2023. The company has declared 38 dividends since June 28, 2004.

Navin Fluorine Stock Performance, Return: Last trading price of Navin Fluorine is Rs 4448.25 per share on BSE. Its 52-week high price is Rs 4922.00 per share and 52-week low price is Rs 3766.45 per share, respectively. The company has a market capitalisation of Rs 22,053.21 crore. Navin Fluorine stock rallied 0.68% in last 1-year, gained 14% in last 2-years, soared 120% in last 3-years, and offered return of 549% in last 5-years. In last 10-years, Navin Fluorine shares soared 12,063% when Sensex gained 231%.

Navin Fluorine Financials: The company for the April-June quarter announced its net profit at Rs 61.50 crore, down 17.3% as against Rs 74 crore declared last fiscal. The company declared its revenue at Rs 491.1 crore, up 23.5% YoY as compared to Rs 397 crore. Meanwhile, EBITDA (Earnings before interest, taxes, depreciation, and amortization) for the quarter announced at Rs 114.1 crore, up 15% from Rs 99 crore declared in the corresponding quarter last fiscal.

Navin Fluorine About: Established in 1967, NFIL operates one of the largest integrated fluorochemicals complexes in India with manufacturing locations at Surat and Dahej in Western India and Dewas in Central India. Our R&D centre named as Navin Research Innovation Center (NRIC) is located at Surat, India, according to its official website.

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The stock just highlights the dividend, results to be declared and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.