Fine Organic Industries Ltd Share Price – NSE  /  BSE

Chemicals, Small Cap

Revenue from operations slipped 35.69% year on year (YoY) to Rs 488.40 crore in the quarter ended 31 December 2023.

Profit before tax declined 25.85% to Rs 119.45 crore in Q3 FY23 as compared with Rs 161.10 crore in corresponding quarter last year.

Total expense dropped 37.11% YoY to Rs 385.41 crore during the quarter. Cost of materials consumed was at Rs 225.49 crore (down 51.97% YoY) while employee cost stood at Rs 51.89 crore (up 58.35% YoY).

For Q3 FY24, EBITDA stood at Rs 118.2 crore, registering the de-growth of 26.1% as compared with Rs 160.1 crore posted in corresponding quarter last year. EBITDA margin improved to 24.2% in Q3 FY23 as against 21.1% in Q3 FY22.

Fine Organic is a leading producer of specialty additives for foods, plastics, rubbers, paints, inks, cosmetics, coatings, textile auxiliaries, lubes and several other specialty applications.

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Net profit of Fine Organic Industries declined 11.32% to Rs 94.21 crore in the quarter ended December 2023 as against Rs 106.23 crore during the previous quarter ended December 2022. Sales declined 35.70% to Rs 488.40 crore in the quarter ended December 2023 as against Rs 759.54 crore during the previous quarter ended December 2022.

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Fine Organic Industries will hold a meeting of the Board of Directors of the Company on 2 February 2024.

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Net profit of Fine Organic Industries declined 48.99% to Rs 103.37 crore in the quarter ended September 2023 as against Rs 202.63 crore during the previous quarter ended September 2022. Sales declined 41.20% to Rs 540.49 crore in the quarter ended September 2023 as against Rs 919.17 crore during the previous quarter ended September 2022.

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