Navin Fluorine International Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018

1.The results of the quarter and nine months ended 31st December, 2018 were reviewed by the Audit Committee and approved by the Board of Directors of the Company, at its meeting held on 23rd January, 2019. They have been subjected to limited review by the statutory auditors.



2.During the quarter ended 31st December, 2018, the Company paid an interim dividend of Rs. 3.80/- per share on 494,43,950 equity shares of nominal value of Rs. 2/- each, aggregating to Rs. 1,878.87 lakhs.



3.Sales for the quarter and nine months ended 31st December 2018 and quarter ended 30th September 2018 and 31st December 2017, is net of Goods and Services Tax (GST), however sales till the quarter ended 30th June 2017, included in the results for the period ended 31st December, 2017 and year ended 31st March, 2018, are gross of Excise Duty.



4.Effective 1st April, 2018, the Company has adopted Ind AS 115. The comparative information is not restated in the standalone financials results. The adoption of this standard does not have any material impact to the standalone financial results of the Company.



5.The Company has identified Chemicals business as its only primary reportable segment in accordance with the requirements of Ind AS 108, ‘Operating Segments'. Accordingly, no separate segment information has been provided.



6.Previous period’s figures have been regrouped, wherever necessary, to correspond to those of the current period.