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.” Result PDF
Conference Call with Fineotex Chemical Ltd. Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript. Management in attendance: Sanjay Tibrewala, Bharat Mody