Navin Fluorine International (532504) Q4 25/26 earnings summary

Executive summary

• Achieved six consecutive quarters of revenue and profitability growth, with FY26 consolidated sales reaching ₹3,379.19 crore, up 41% year-over-year, and operating EBITDA of ₹1,081.7 crore, up 103% year-over-year.

• Declared a final dividend of ₹8.60 per share (430% of face value), following an interim dividend of ₹6.50 per share, reflecting strong performance and confidence in future growth.

• All business segments—HPP, Specialty Chemicals, and CDMO—delivered strong revenue growth, with CDMO leading at 61% YoY in Q4.

• Annual audited standalone and consolidated financial results for FY26 were approved with unmodified audit opinions.

• Board approved re-appointments of key directors and set record date for dividend eligibility as June 12, 2026.

Financial highlights

• Q4 FY26 consolidated revenue: ₹937.7 crore, up 34% year-on-year; Q4 operating EBITDA: ₹321.2 crore, up 80% year-on-year, with margin expansion to 34.2%.

• FY26 consolidated revenue: ₹3,379.19 crore, up from ₹2,393.11 crore in FY25; FY26 operating EBITDA: ₹1,081.7 crore, margin at 32.6%, up 992 bps.

• FY26 profit after tax: ₹663.55 crore, up from ₹288.58 crore; Q4 profit after tax: ₹212.6 crore, up 124% year-on-year.

• Net working capital days improved to 74 from 90; guidance for 75-80 days going forward.

• Exceptional item gain of ₹13.72 crore in Q4 FY26 due to reversal of excess Labour Code provision.

Outlook and guidance

• CapEx projects underway in HFC, MPP, Advanced Materials, and KMOS, with total planned investments exceeding ₹430 crore, funded mainly by internal accruals.

• Commissioning and ramp-up of additional HFC capacities (32 MPP) and KMOS project expected in the coming year.

• Margin guidance maintained at ~30% for FY27, with expected fluctuations of 1-2%.

• Double-digit revenue growth anticipated for specialty chemicals and HPP segments in FY27.

• Strong order visibility and positive outlook across all business segments, with new product launches and capacity expansions scheduled for FY27.