Investing.com - Navin Fluorine reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Navin Fluorine announced earnings per share of ₹11.66 on revenue of ₹4.19. Analysts polled by Investing.com anticipated EPS of ₹18.90 on revenue of ₹4.57B.
Navin Fluorine shares are down 16.18% from the beginning of the year , still down 11.26% from its 52 week high of ₹4,848.35 set on Thursday, September 15, 2022.
Navin Fluorine follows other major Materials sector earnings this month
Navin Fluorine's report follows an earnings missed by UltraTech Cement on Wednesday, who reported EPS of ₹26.2 on revenue of ₹138.9B, compared to forecasts EPS of ₹33.78 on revenue of ₹133.27B.
Shree Cements had missed expectations on Friday, October 14, 2022 with second quarter EPS of ₹50.81 on revenue of ₹40.38B, compared to forecast for EPS of ₹68.65 on revenue of ₹38.65B.
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