Navin Fluorine International Reports INR500 Crores PAT in H1 FY27 and Extends Solstice Supply Contract to 2032

The company’s Board declared an interim dividend of INR8 per share with a face value of INR2 each, reflecting strong profitability in H1 FY27. The existing HF supply contract extension with Solstice Advanced Materials will enhance revenues through FY32.

Operationally, the company commissioned a debottlenecking of its MPP capacity at Dahej and is progressing as planned with its HFC capacity expansion, expected to commission shortly. The Chemours project targeting the advanced cooling market is progressing toward commissioning in Q3 FY27, and the advanced materials capacity is scheduled to come online by Q2 FY28.

In the contract development and manufacturing organization (CDMO) business, Phase 2 of the cGMP-4 facility involving a capital expenditure of approximately INR125 crores is expected to be operational by end Q4 FY27. The TDF project with DRDO for indigenous specialty materials is progressing on schedule.

The HPP business showed healthy revenue growth supported by volume increases and improved realizations, with positive demand signals for upcoming capacity. The company continues to focus on specialized applications in advanced materials for sectors such as data centers, electronics, semiconductors, and defense.

Navin Fluorine is also investing in renewable energy initiatives across plants targeting over 60% energy needs from renewable sources and leveraging digital technologies including AI to enhance research and operations.