Navin Fluorine International (532504) Investor presentation summary

Financial performance

• H1 FY27 consolidated revenue Rs 2,235.8 Cr, up 50.7% YoY; operating EBITDA Rs 764.5 Cr, up 68.8%, with a 34.19% margin, up 367 bps.

• H1 FY27 operating PBT Rs 619.2 Cr, up 93.2% YoY; profit after tax Rs 512.5 Cr, up 93.0%.

• Q2 FY27 revenue Rs 1,190.7 Cr, up 57.0% YoY and 13.9% QoQ; EBITDA Rs 407.5 Cr, up 65.5% YoY, at a 34.22% margin.

• Q2 FY27 operating PBT Rs 336.0 Cr, up 87.4% YoY; profit after tax Rs 269.2 Cr, up 81.5%.

• H1 FY27 net operating cash flow Rs 456.5 Cr versus Rs 280.9 Cr in H1 FY26; investing cash outflow Rs 321.7 Cr versus Rs 594.3 Cr.

Business verticals

• H1 FY27 revenue: HPP Rs 1,144 Cr, up 41% YoY; Specialty Chemicals Rs 673 Cr, up 53%; CDMO Rs 419 Cr, up 80%.

• Q2 FY27 HPP revenue Rs 604 Cr, up 49% YoY; higher volumes and improved realisations supported growth, with firm HFC pricing and rising visibility for upcoming capacity.

• HFO supply contract with Solstice Advanced Materials US extended by four years; added potential revenue ~ $180 million lifts total contract value to ~ $590 million over 11 years.

• Q2 FY27 Specialty Chemicals revenue Rs 348 Cr, up 58% YoY; Dahej MPP debottlenecking was commissioned in September 2026, with strong H2 and beyond order visibility.

• Q2 FY27 CDMO revenue Rs 239 Cr, up 78% YoY; deeper engagement with a European CDMO major includes higher demand and a supply-chain qualification PO.

Capacity expansion and investment

• Additional HFC capacity equivalent to up to 15,000 MTPA of R32 is on track for near-term commissioning; capex Rs 236.5 Cr, funded by internal accruals.

• Chemours liquid-cooling project capex Rs 120 Cr, with 35% customer-funded; completion targeted by Q3 FY27.

• Phase II cGMP4 capex Rs 125 Cr is on track for operationalisation by end-Q4 FY27; advanced materials adoption-capacity capex Rs 90 Cr targets completion by Q2 FY28.

• Hybrid renewable power investment Rs 15.73 Cr covers 14.9 MW across NFIL and NFASL; the project is expected to meet over 60% of energy needs from renewable sources.