Dividend Alert: Navin Fluorine declares 430% final payout after Q4 net profit doubles

Flurochemicals maker Navin Fluorine Ltd on Wednesday (April 29) reported fourth-quarter net profit of ₹213 crore, more than double from a year ago and ahead of the CNBC-TV18 poll estimate of ₹156 crore. Net profit for the quarter rose from ₹95 crore in the corresponding period last year to ₹213 crore.

Revenue for the quarter rose 33.8% year-on-year to ₹938 crore, compared with ₹700 crore a year earlier. The figure was also above the CNBC-TV18 poll estimate of ₹807 crore.

EBITDA increased 80% to ₹322 crore in the March quarter from ₹179 crore in the year-ago period, exceeding the CNBC-TV18 poll estimate of ₹254 crore. EBITDA margin stood at 34.3% for the quarter, compared with 25.5% a year ago. The margin was also higher than the CNBC-TV18 poll estimate of 31.5%.

Also Read: Navin Fluorine Q3 Results: Profit more than doubles, margin expands sharplyDividend

The board has recommended a final dividend of ₹8.60 per equity share of face value ₹2 each, or 430% of face value, for FY26. The dividend is subject to shareholder approval at the company’s 28th Annual General Meeting scheduled for August 6, 2026.

The company has fixed June 12, 2026, as the record date to determine shareholder eligibility for the final dividend. If approved, the dividend will be paid on or after August 13, 2026.

Appointments

The board has also approved the re-appointment of Vishad P. Mafatlal as Executive Chairman for a further term of five consecutive years from August 20, 2026, to August 19, 2031, subject to shareholder approval. He has also been re-appointed as Key Managerial Personnel for the same term.

Also Read: Navin Fluorine shares jump 14%, most since March 2020, after strong Q2; Check price targets

Separately, the board approved the re-appointment of Sujal A. Shah as an Independent Director for a second term of five consecutive years from May 7, 2026, to May 6, 2031, subject to shareholder approval. He will not be liable to retire by rotation.

The board also approved the re-appointment of Apurva S. Purohit as an Independent Director for a second term of five consecutive years from October 19, 2026, to October 18, 2031, subject to shareholder approval. She will also not be liable to retire by rotation.

Shares of Navin Fluorine Limited ended at ₹6,764.00, up by ₹138.60, or 2.09%, on the BSE.

Also Read: Navin Fluorine shares hit record high after stellar Q3 — Analysts largely positive, see up to 18% upside