Fineotex Chemical Ltd. Results

H1FY25 & Q2FY25 Result Announced for Fineotex Chemical Ltd.

Specialty Chemicals company Fineotex Chemical announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Standalone: Revenue from Operation for the Quarter has increased to ~ Rs 11,536 lakh from ~ Rs 10,661 lakh i.e., a growth of 8.21% QoQ. The Profit after tax (PAT) has increased to ~Rs. 3,145 lakh from ~ Rs 2,185 lakh i.e., a growth of 43.94% QoQ. The Operational EBITDA has increased to ~Rs. 2,971 lakh from ~Rs. 2,618 lakh i.e., a growth of 13.48% QoQ. Consolidated: Revenue from Operation for the Quarter has increased to ~ Rs 14,573 lakh from ~ Rs 14,190 lakh i.e., a growth of 2.70% QoQ. The Profit after tax (PAT) has increased to ~Rs. 3,207 lakh from ~ Rs 2,918 lakh i.e., a growth of 9.90% QoQ. H1FY25 Financial Highlights: Standalone: Revenue from Operation for the half year has increased to ~ Rs 22,197 lakh from ~ Rs 19,253 lakh i.e., a growth of 15.29% YoY. The Profit after tax (PAT) has increased to ~Rs. 5,330 lakh from ~ Rs 5,000 lakh i.e., a growth of 6.60% YoY. The Operational EBITDA has increased to ~Rs. 5,589 lakh from ~Rs. 5,022 lakh i.e., a growth of 11.29% YoY. Consolidated: Revenue from Operation for the half year has increased to ~ Rs 28,763 lakh from ~ Rs 27,750 lakh i.e., a growth of 3.65% YoY. The Profit after tax (PAT) has increased to ~Rs. 6,125 lakh from ~ Rs 5,762 lakh i.e., a growth of 6.30% YoY. Other Highlights: We have completed successful fund raise of Rs 218.11 crore through Preferential Allotment of Equity Shares and Convertible Warrants at a price of Rs 387.40/- with a total fund raise of Rs 342.55/- crore during this financial year upto 30th September 2024. The Nomination and Remuneration Committee at its meeting held on November 13, 2024, has considered and approved the Allotment of 25,052 Equity Shares pursuant to exercise of vested Employee Stock Options under the Fineotex Chemical Limited - Employee Stock Option Plan 2020 ("FCL-ESOP 2020”). The company has granted an ESOP to 110 Employees upto 30th September 2024.

Q1FY25 Quarterly Result Announced for Fineotex Chemical Ltd.

Speciality Chemicals company Fineotex Chemical announced Q1FY25 results: Revenue from Operations: Rs 1,419 million (increased by 7.3% YoY) Gross Profit: Rs 548 million (increased by 12.3% YoY) EBITDA: Rs 353 million (increased by 11.8% YoY) PBT (Profit Before Tax): Rs 376 million (increased by 11.8% YoY) PAT (Profit After Tax): Rs 292 million (increased by 11.7% YoY) Commenting on the performance Sanjay Tibrewala, Executive Director and CFO, Fineotex Chemical, said: “Fineotex Chemical is pleased to report a consolidated revenue of Rs. 1,419 million for Q1 FY2025, reflecting a growth of 7.3% YoY, driven by an increase in the share of business from core client across key divisions. The company’s EBITDA amounted to Rs. 353 million, demonstrating a YoY growth of 11.8% with a margin of 24.8%. Correspondingly, PAT reached Rs. 292 million, showing a YoY growth of 11.7% with a margin of 20.6%. This quarter, Fineotex Chemical successfully raised Rs. 3,425.5 million through preferential allotment. The capital raised will be utilized strategically to support both organic and inorganic growth opportunities, including future expansion and meeting operational needs as outlined in the offer document. The company also announces the appointment of Dr. Amit Prabhakar Pratap , Head of the Department at the Institute of Chemical Technology, Mumbai (formerly known as UDCT), as an Additional Director in the category of Non-Executive, Independent Director. His experience and expertise will enhance the governance and strategic direction of Fineotex Chemical. Looking ahead, Fineotex Chemical is optimistic about the upcoming quarters and is committed to exploring growth opportunities while delivering operational efficiencies thereby ensuring long term value to shareholders.”

Q4FY23 Quarterly & FY23 Annual Result Announced for Fineotex Chemical Ltd.

Specialty chemicals company Fineotex Chemical announced Q4FY23 & FY23 results: Consolidated Q4FY23 vs Q4FY22: Profit after tax (PAT) of the group has increased to Rs 2,600 lakh from Rs 1,700 lakh. The PAT registered a growth of 52.97% Operational EBIDTA of the group has increased to Rs 3,271 lakh from Rs 2,152 lakh. The operational EBIDTA registered a growth of 52% Consolidated FY23 vs FY22: Revenue from the operation of the group has increased to Rs 51,700 lakh from Rs 36,823 lakh. The revenue from operations registered a growth of 40.40% Profit after tax (PAT) of the Group has increased to Rs 8,955.44 lakh from Rs 5,688.97 lakh. The PAT registered a growth of 57.42% Operational EBIDTA of the Group has increased to Rs 11,259 lakh from Rs 7,121 lakh. The operational EBIDTA registered a growth of 58.11% The board has recommended a final dividend subject to the approval of the members at the ensuing annual general meeting at 40% i.e Rs 0.80 (FY22 Rs 0.40) per equity share of face value of Rs 2/- i.e. 100% YoY growth in the dividend.

Q3FY23 Quarterly Result Announced for Fineotex Chemical Ltd.

Fineotex Chemical announced Q3FY23 results: Consolidated Q3FY23: Operational EBITDA for the quarter has increased by 13.85% i.e. to Rs 2,855.03 Lakh from Rs 2,507.78 Lakhs on YoY basis. The Profit after tax (PAT) for the quarter has increased by 17.79 % i.e. to Rs 2,247.55 Lakh from Rs 1,908.18 Lakh on YoY basis. Consolidated 9MFY23: Revenue from Operation for the nine months has increased by 53.67% i.e. to Rs 37,930.61 Lakh from Rs 24,683.93 Lakh on YoY basis. Operational EBITDA for the nine-month has increased by 60.77% i.e. to Rs 7,988.53 Lakh Rs 4,969.03 Lakhs on YoY basis Q3FY23: Revenue from Operation for the quarter has increased by 18.96% i.e. to Rs 9,682.30 Lakh from Rs 8,139.42 Lakh on YoY basis. Operational EBIDTA for the quarter has increased by 22.03 % i.e. to Rs. 2,706.72 Lakh from Rs. 2,218.10 Lakh on YoY basis . The Profit after tax (PAT) for the quarter has increased by 32.51 % i.e. to Rs. 2,151.04 Lakh from Rs. 1,623.33 Lakh on YoY basis. 9MFY23: Revenue from Operation for the nine months has increased by 83.03% i.e. to Rs 33,400.12 Lakh from Rs 18,248.46 Lakh on YoY basis. Operational EBIDTA for the nine month has increased by 81.28 % i.e. to Rs 7,576.65 Lakh from Rs 4,179.57 Lakh on YoY basis. The Profit after tax (PAT) of the Company for the nine months ended has increased by 93.53 % i.e. to Rs 6,511.53 Lakh from Rs. 3,364.63 Lakh on YoY basis.