NAVINFLUOR Q3 FY26 Guidance vs Delivery (NAVINFLUOR Management Mirror)

Margin & Financial Outlook

Management upgraded EBITDA margin guidance from >25% in the Jun'25 Qtr to 28-30% in the Sep'25 Qtr, further refining it in the Dec'25 Qtr to a normalized annualized target of ~30% (+/- 200 bps). The $100 million aspirational CDMO revenue target was reaffirmed in both the Sep'25 Qtr and Dec'25 Qtr. In the Dec'25 Qtr, management projected employee costs to stabilize at 7-8% of sales and flagged rising input costs (sulfur, fluorspar) as a margin monitorable. [Status: Upgraded]