The chemical manufacturer posted a 47% increase in consolidated Q3 revenue, supported by record performance in its specialty chemicals division and volume growth in high-performance products. Ongoing capital expenditure projects totaling over Rs. 430 crores aim to capture rising global demand for low-GWP refrigerants and pharmaceutical intermediates.
Navin Fluorine International Limited (NSE: NAVINFLUOR) reported a consolidated net revenue of Rs. 892.4 crores for the third quarter ended December 31, 2025, representing a 47% increase compared to the same period in the previous fiscal year. The company’s operating performance saw a significant uplift, with Operating EBITDA rising 109% to Rs. 307.6 crores and Profit After Tax (PAT) increasing 122% to Rs. 185.4 crores. This growth was primarily driven by double-digit revenue increases across all primary business verticals.
Solid Financial Results Backed by Segment Momentum
The quarterly results were underpinned by a record revenue performance in the Specialty Chemicals segment, which grew 60% year-on-year to Rs. 354 crores. Growth in this division was supported by the scaling of existing molecules and new product launches. The High Performance Products (HPP) vertical also saw a 35% revenue increase to Rs. 412 crores, driven by higher realizations and volumes, while the Contract Development and Manufacturing Organization (CDMO) segment grew 61% to Rs. 127 crores.
Financial metrics for the quarter showed substantial margin expansion, with the Operating EBITDA margin reaching 34.5%, an increase of 1,017 basis points year-on-year. For the nine-month period ended December 31, 2025, consolidated revenue reached Rs. 2,376.2 crores, a 44% increase over the previous year. Operating Profit Before Tax (PBT) for the quarter stood at Rs. 243.2 crores, up 149% year-on-year, though the company recorded an exceptional item of Rs. 20.47 crores during the period.
Focused Investments in Capacity and Innovation
Management’s strategy continues to focus on capacity expansion and long-term partnerships with global innovators. The company is executing an HFC capacity expansion of up to 15,000 MTPA for R32, representing a Rs. 236.5 crore investment expected to commission by Q3 FY27. Other active projects include a Rs. 75 crore de-bottlenecking of the Multi-Purpose Plant (MPP) at Dahej and a Rs. 120 crore investment in advanced materials for liquid cooling products, scheduled for completion in Q3 FY27 and Q1 FY27, respectively.
NFIL Positioned for Global Fluorochemicals Growth
NFIL’s performance occurs within a constructive global demand-supply environment for fluorochemicals, particularly as the industry transitions to low global warming potential (GWP) gases. The company has positioned itself as a “China-free” alternative in the global supply chain, utilizing backward integration to basic feedstocks to minimize import dependency. Furthermore, the company maintained its track record of progressive returns, reporting an interim dividend for FY26 as part of its established payout policy.