Navin Flourine Shares Skyrockets Almost 15% To 52 Weeks High After Refrigerant Gas Price Hikes In US

Navin Flourine share price skyrocketed almost 15 per cent on the NSE (National Stock Exchange), to touch the new 52 week high after prices of refrigerants gases in the US were hiked, according to reports.

The shares of Navin flourine went on to touch the 52 week high level of Rs 4,017.10 per share in the intraday trading session after hitting the opening bell at Rs 3,590.30 per share on the exchanges.

Navin Flourine shares were trading around at Rs 3895.45 per share on the indian exchanges with a massive upsurge of Rs 11.52 per cent amounting to a Rs 402.30 per share on the exchanges.

Price hike refrigerant gases

US gas distributors have raised the price of refrigerant gases, according to CNBC Awaaz. IGas USA said that the supply of R32 and R125 has been impacted, resulting in a 200 per cent price increase.

A USD 1 per kilogram increase in R32 refrigerant realisations could increase SRF's EBITDA by Rs 260 crore, according to brokerage firm Equirus. The EBITDA of Navin Fluorine could also increase by Rs 77 crore for every kilogram of R32 gas realised.

Navin flourine capacity

With an additional 4,500 tonnes scheduled to be added next month, Navin Fluorine's capacity will nearly double. SRF also has an impressive capacity of almost 7,000 tonnes for the R125 refrigerant.

Navin flourine Q2 FY25

Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) climbed 9.2 per cent year over year to Rs 107 crore, while revenue for the quarter climbed 9.9 per cent from the previous year to Rs 518 crore.

The EBITDA margin for the quarter was 20.7 per cent, unchanged from 20.8 per cent during the same period last year. Sequentially, net profit rose by 15 per cent, EBITDA rose by 7 per cent, and revenue decreased by 1 per cent.