India's Navin Fluorine falls as quarterly profit drops

Navin Fluorine International

20/10/2021 07:01

** Shares of chemical producer  NAFL.NS  fall as much as 10%
to 3,476.4 rupees, its lowest in over two months
    ** Co reports drop in Sept-qtr consol profit after tax to
632.2 million Indian rupees ($8.42 million) from 644.2 million
rupees last year 
    ** Says revenue from operations rose to 3.39 billion rupees
from 3.19 billion rupees a year ago  urn:newsml:reuters.com:*:nFWN2RF059
    ** Also reports CFO Ketan Sablok has resigned, and that
board has approved appointment of Basant Kumar Bansal as the new
CFO
    ** Co declared interim dividend of 5 rupees per share
    ** About 636,413 shares traded by 0556 GMT, about 2.7 times
the 30-day avg
    ** As of last close, NAFL stock up about 48% so far this
year

($1 = 75.0900 Indian rupees)

 (Reporting by Vishwadha Chander in Bengaluru)
 ((Vishwadha.Chander@thomsonreuters.com))