Navin Fluorine Q2 FY27: Profit Up 82% to ₹269 Crore; 15,000 TPA of New R32 Capacity Due Soon
Navin Fluorine International Ltd reported its results for the quarter ended 30 September 2026 (Q2 FY27).
Q2 FY27, consolidated: • Net profit: ₹269 crore, up 82% from ₹148 crore a year earlier and up 10.7% from ₹243 crore in the June quarter — the ninth quarter in a row of higher profit. • Revenue from operations: ₹1,191 crore, up 57.1% from ₹758 crore, on higher volumes and better prices. • EBITDA: ₹407 crore, up 65.9% from ₹246 crore; operating EBITDA margin 34.3%, against 32.4%.
The company credited higher plant utilisation, firm prices and a richer mix in specialty fluorochemicals and contract development and manufacturing (CDMO). Prices for HFC refrigerants rose again over the previous quarter.
Projects: • Navin expects to commission up to 15,000 tonnes a year of additional R32 (difluoromethane) capacity shortly. • It extended its HFO supply contract with Solstice Advanced Materials (US) by four years, raising the total contract value to about $590 million over a revised 11-year term — about $180 million of added revenue potential. • The capital spending programme is on schedule.
What it means for buyers and suppliers
R32 is now the main refrigerant in Indian air conditioners. New capacity from Navin and others should improve availability, but firm HFC prices this quarter show demand is still running ahead of supply; buyers should keep contract cover through the summer season.
Source: Indian Chemical News (30 October 2026), reporting the company's Q2 FY27 results. Photo: model of the difluoromethane (R32) molecule. Public domain, via Wikimedia Commons.