Navin Fluorine (NFIL) reported a stellar performance led by the CRAMS segment. Revenues were at Rs 1.9bn ( 30% YoY), with 2/3rd of the incremental sales from the segment. A better product mix led to EBITDA margin of 18.9% ( 505bps YoY) and EBITDA of Rs 539mn ( 96%). Lower other income slightly affected APAT growth at Rs 3,215mn ( 90% YoY).