The Navin Fluorine company reported a 7.7 times jump in its net profit for the March quarter, also aided by a MAT credit reversal of Rs 88.2 crore.
Revenue saw a growth of 9.5% compared to the same quarter last year while Ebitda margins expanded to 24.9% from 20.4%, aided by lower raw material costs.
In its Covid-19 update, the company said that plants manufacturing products for life sciences and crop sciences are running at optimum capacity while those for industrials are running at sub-optimum levels.
The press statement also said that the company is working to develop domestic vendors for some critical raw material which is currently imported.
Shares gained as much as 6% to an all-time high of Rs 1,655.
