{"id":146453,"date":"2023-05-17T03:51:37","date_gmt":"2023-05-17T07:51:37","guid":{"rendered":"https:\/\/44.250.171.167\/?p=146453"},"modified":"2023-05-17T03:51:38","modified_gmt":"2023-05-17T07:51:38","slug":"navin-fluorine-international-limited-q4-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/navin-fluorine-international-limited-q4-fy23-earnings-conference-call-insights\/","title":{"rendered":"Navin Fluorine International Limited Q4 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Navin Fluorine International Limited (NAVINFLUOR) Q4 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>[00:06:27] NAVINFLUOR said that highest-ever quarterly revenues and profitability were achieved by all of its business units: specialty, HPP, and CDMO.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:13:39] Sudarshan Padmanabhan from JM Financial asked about the outlook for the agrochemicals market and how NAVINFLUOR is positioned to weather any potential challenges. Radhesh Welling MD NAVINFLUOR has not seen a significant impact on pricing or inventory in its specialty business, and has developed new opportunities to compensate for the volume lost in the last quarter.<\/li>\n<\/ul>\n<ul>\n<li>[00:16:44] Sudarshan Padmanabhan from JM Financial enquired if there will be more opportunities to scale up production of HFOs for Honeywell or other customers in the coming year. Radhesh Welling MD said that NAVINFLUOR&#8217;s priorities for 2023 are to stabilize the plant, debottleneck production, and identify new molecules to work with Honeywell on.<\/li>\n<\/ul>\n<ul>\n<li>[00:20:36] Abhijit Akella from Kotak Securities asked about the normalized depreciation and amortization number going forward. Anish Ganatra CFO said the annualized impact of the new depreciation rates would be in the range of INR80-90 crores.<\/li>\n<\/ul>\n<ul>\n<li>[00:20:56] Abhijit Akella from Kotak Securities also asked about the sharp increase in other expenses. Anish Ganatra CFO said that the expenses for the current year are not comparable to the previous year because the NFASL plant was not operational in the previous year. Also, there were two one-time expenses in Q4 totaling INR15 crores, which will not be repeated in future quarters.<\/li>\n<\/ul>\n<ul>\n<li>[00:24:15] Abhijit Akella from Kotak Securities asked about the growth outlook for the three business units in FY24. Radhesh Welling MD replied that NAVINFLUOR does not currently expect any changes to its qualitative guidance for FY24.<\/li>\n<\/ul>\n<ul>\n<li>[00:24:49] Abhijit Akella from Kotak Securities enquired that with the commissioning of the R32 unit and the entry of new competitors, how will pricing in the R32 segment perform in the near-term and medium-term. Radhesh Welling MD answered that NAVINFLUOR believes that the pricing for R32 will remain strong in the next 2-3 years due to limited capacity and increasing demand.<\/li>\n<\/ul>\n<ul>\n<li>[00:33:24] Vivek Rajamani from Morgan Stanley asked if the company anticipated increase in volumes and improved margins in 4Q23, indicating a new normal for future performance. Radhesh Welling MD said that the annualized margins should be considered to track improvements over time due to the combined performance of all business units, while commenting on QonQ fluctuations and future margin increases may be difficult.<\/li>\n<\/ul>\n<ul>\n<li>[00:34:04] Vivek Rajamani from Morgan Stanley asked for more information about the molecule experiencing slowdown and any other areas of risk in the portfolio for FY24 and FY25. Radhesh Welling MD said that the impact of the specialty molecule was mostly felt in 4Q23, and it is anticipated to diminish as demand rebounds, with its significance already accounted for in the previous quarter&#8217;s results.<\/li>\n<\/ul>\n<ul>\n<li>[00:43:02] Sanjesh Jain from ICICI Securities asked has the $16 million contract announced in 3Q for the CDMO business started to be implemented, and if so, what impact has it had on the 4Q performance of the CDMO business. Radhesh Welling MD said a significant part of the order that was discussed in 3Q was supplied in 4Q, with the remaining balance to be supplied in FY24.<\/li>\n<\/ul>\n<ul>\n<li>[00:44:01] Sanjesh Jain from ICICI Securities asked that with the debottlenecking of cGMP 3, is a 20% plus revenue growth in FY24 a reasonable assumption. Radhesh Welling MD replied that NAVINFLUOR is confident of its growth in FY24 and in the years to come, which is why it is investing in cGMP 4.<\/li>\n<\/ul>\n<ul>\n<li>[00:49:04] Rohit Nagraj at Centrum Broking asked about ESOPs, after ESOP charges of FY23, how much is left and will come in FY24, FY25. Radhesh Welling MD said that the ESOP charge for FY24 is expected to be 31%, and will progressively come down in the following years.<\/li>\n<\/ul>\n<ul>\n<li>[00:53:33] Krishan Parwani at JM Financial asked what is NAVINFLUOR\u2019s current R&amp;D focus in terms of products, particularly derivatives of Triflic acid or Triflic Anhydride. . Radhesh Welling MD said NAVINFLUOR has invested significantly in its R&amp;D capabilities, with a focus on developing new technology platforms. These platforms can be used to develop a wide range of molecules, which will give NAVINFLUOR a competitive advantage.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Navin Fluorine International Limited (NAVINFLUOR) Q4 FY23 Earnings Concall Management Update: [00:06:27] NAVINFLUOR said that highest-ever quarterly revenues and profitability were achieved by all of its business units: specialty, HPP, and CDMO. Q&amp;A Highlights: [00:13:39] Sudarshan Padmanabhan from JM Financial asked about the outlook for the agrochemicals market and how NAVINFLUOR is [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Navin Fluorine International Limited Q4 FY23 Earnings Conference Call Insights #NAVINFLUOR #Q4 #FY23 #Earnings #Stocks","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,12],"tags":[10169,9019],"class_list":["post-146453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-other-industries","tag-earnings","tag-specialty-chemicals"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":140411,"url":"https:\/\/alphastreet.com\/india\/navin-fluorine-q3-fy23-net-profit-jumped-by-55-year-on-year\/","url_meta":{"origin":146453,"position":0},"title":"Navin Fluorine Q3 FY23; Net Profit Jumped By 55% Year On Year","author":"Hardik Bhandare","date":"February 7, 2023","format":false,"excerpt":"Navin Fluorine International Limited (NSE: NAVINFLUOR) reported Revenue from Operations for Q3 FY23 of \u20b9563.58 Crore up from \u20b9378.95 Crore year on year, a growth of 49%. Consolidated Net Profit of \u20b9106.56 Crore, up 55% from the same quarter of previous year. The Earnings per Share is \u20b921.49 for this\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1f99203d-953f-46fa-aaee-deae99d4d1eb-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1f99203d-953f-46fa-aaee-deae99d4d1eb-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1f99203d-953f-46fa-aaee-deae99d4d1eb-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1f99203d-953f-46fa-aaee-deae99d4d1eb-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1f99203d-953f-46fa-aaee-deae99d4d1eb-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1f99203d-953f-46fa-aaee-deae99d4d1eb-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":146344,"url":"https:\/\/alphastreet.com\/india\/navin-fluorine-international-limited-navinfluor-q4-fy23-earnings-concall-transcript\/","url_meta":{"origin":146453,"position":1},"title":"Navin Fluorine International Limited (NAVINFLUOR) Q4 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"May 13, 2023","format":false,"excerpt":"Navin Fluorine International Limited (NSE: NAVINFLUOR) Q4 FY23 earnings concall dated May. 13, 2023 Corporate Participants: Radhesh R. Welling\u00a0--\u00a0Managing Director Anish Ganatra\u00a0--\u00a0Chief Financial Officer Analysts: Bhavya Shah\u00a0--\u00a0Orient Capital -- Analyst Sudarshan Padmanabhan\u00a0--\u00a0JM Financial Services Ltd. -- Analyst Abhijit Akella\u00a0--\u00a0Kotak Securities -- Analyst Archit Joshi\u00a0--\u00a0Batlivala & Karani Securities India Pvt. Ltd.\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":140622,"url":"https:\/\/alphastreet.com\/india\/navin-fluorine-international-limited-navinfluor-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":146453,"position":2},"title":"Navin Fluorine International Limited (NAVINFLUOR) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 9, 2023","format":false,"excerpt":"Navin Fluorine International Limited (NSE:NAVINFLUOR) Q3 FY23 Earnings Concall dated Feb. 08, 2023. Corporate Participants: Ms. Rasika Sawant\u00a0--\u00a0Investor Relations Mr. Radhesh R. Welling\u00a0--\u00a0Managing Director Mr. Partha Roychowdhury\u00a0--\u00a0Chief Executive Officer - HPP Business and Interim Chief Financial Officer Analysts: Sanjesh Jain\u00a0--\u00a0ICICI Securities -- Analyst Sudarshan Padmanabhan\u00a0--\u00a0JM Financial PMS -- Analyst Abhijit\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":180057,"url":"https:\/\/alphastreet.com\/india\/navin-fluorine-reports-109-surge-in-operating-ebitda-amid-specialty-chemicals-expansion\/","url_meta":{"origin":146453,"position":3},"title":"Navin Fluorine Reports 109% Surge in Operating EBITDA Amid Specialty Chemicals Expansion","author":"Staff Correspondent","date":"February 9, 2026","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":171084,"url":"https:\/\/alphastreet.com\/india\/navin-fluorine-q1-fy26-earnings-results\/","url_meta":{"origin":146453,"position":4},"title":"Navin Fluorine Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"September 9, 2025","format":false,"excerpt":"Navin Fluorine International Ltd is primary engaged in producing refrigeration gases, inorganic fluorides, specialty organofluorines and offers contract research and manufacturing services. Its portfolio includes 50+ fluorinated compounds developed over the years. Presenting below are its Q1 FY26 earnings results. \u00a0 Q1 FY26 Earnings Results Total Income: \u20b9725 crores, up\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Navin Flourine Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/5-5.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/5-5.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/5-5.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/5-5.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/5-5.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/5-5.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":136333,"url":"https:\/\/alphastreet.com\/india\/navin-fluorine-international-limited-navinfluor-q2-fy23-earnings-concall-transcript\/","url_meta":{"origin":146453,"position":5},"title":"Navin Fluorine International Limited (NAVINFLUOR) Q2 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"October 20, 2022","format":false,"excerpt":"Navin Fluorine International Limited (NSE:NAVINFLUOR) Q2 FY23 Earnings Concall dated Oct. 20, 2022 Corporate Participants: Radhesh R. Welling -- Managing Director Partha Roychowdhury\u00a0--\u00a0Chief Executive Officer, HPP Business and Interim Chief Financial Officer Analysts: Sudarshan Padmanabhan -- JMPMS -- Analyst Abhijeet Akella -- Kotak Securities -- Analyst Rajesh Kothari -- AlfAccurate\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/146453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=146453"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/146453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=146453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=146453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=146453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}