Conference Call with Fineotex Chemical Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.
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. Result PDF
Fineotex Chemical announced Q2FY23 results: Consolidated result of H1FY23 vs H1FY22: The revenue from operation increased by 90.5%, i.e. to Rs 27,008 lakh from Rs 14,177 lakh The operational EBIDTA increased by 109%, i.e. to Rs 5,134 lakh from Rs 2,461 lakh The profit after tax (PAT) increased by 97.4%, i.e. to Rs 4,108 lakh from Rs 2,081 lakh The earnings per share (EPS) increased by 99.5%, i.e. to Rs 3.63 from Rs 1.82 per shar Consolidated result of Q2FY23 vs Q2FY22: The revenue from operation increased by 71%, i.e. to Rs 13,431 lakh from Rs 7,849 lakh The operational EBIDTA increased by 70%, i.e. to Rs 2,509 lakh from Rs 1,479 lakh PAT increased by 86.8%, i.e. to Rs 2,077 lakh from Rs 1,112 lakh EPS increased by 92%, i.e. to Rs 1.86 per share from Rs 0.97 per share Sanjay Tibrewala, Executive Director and CFO, Fineotex Chemical, said, “We are delighted to continue our consistent performance in delivering another successful quarter. Our revenue growth and EBIDTA growth figures of ~71 % and ~70%, respectively during the quarter, reflect the confidence on the quality of our products and services by our customers. Our strategic vision of expansion and product diversification during the lean periods of the pandemic has been successful. Our facility at Ambernath is a clear testimony to our vision to expand our capacity and product range, thus helping us strengthen our competitive position in the market. To cater to the strong demand momentum, we have ramped up our Ambernath plant capacity to 40,000 MTPA and will further extend the capacity by 21,000 MTPA. Despite the global economic downturn, our performance for the quarter has been significantly better. We are also pleased to announce that the notable credit rating agency, ICRA, rated our long-term debt as “ICRA A” and short-term debt as “ICRA A1”. Arindam Choudhuri, CEO, said, "Our expansion plans to offer value-added products and solutions are in sync with the interest of stakeholders. We have been catering to increase in demand from both existing and new customers—on quality, quantity, time and geography basis. A sense of trust is instilled in our customers for our ability to meet their demands. Going forward, we are confident of continuing to render services of similar quality. Regarding ESG and sustainability aspects, we are well-equipped to handle the same with a greater sense of responsibility. While focusing on environment protection, we already have all the best practices in place and thus ensure to keep the waste emission to a minimum and efficiently manage the release of dangerous chemicals.” Result PDF
Conference Call with Fineotex Chemical Management and Analysts on Q1FY23 Performance and Outlook. Listen to the full earnings transcript.
Fineotex Chemical announced Q1FY23 results: Consolidated Quarter Q1FY23 vs Q1FY22 (YoY basis): The Revenue from Operation for the quarter has increased by 115% i.e. to Rs 13,577 Lakhs from Rs. 6,328 Lakhs. The Operational EBIDTA for the quarter has increased by 167% i.e. to Rs 2624 Lakhs from Rs. 982 Lakhs. The Profit after tax (PAT) for the quarter has increased by 110% i.e. to Rs 2,031 Lakhs from Rs. 969 Lakhs. The Earning per Share (EPS) for the quarter has increased by 108% i.e. to Rs 1.79 per share from Rs. 0.86 per share. Highlights of India Business - (India business represents the performance of FCL Standalone and FSPL (wholly-owned subsidiary in India)) Quarter Q1FY23 vs Q1FY22 YoY basis: The Revenue from Operation for the quarter has increased by 180% i.e. to Rs 11,553 Lakhs from Rs. 4,127 Lakhs. The Operational EBIDTA for the quarter has increased by 265% i.e. to Rs 2,439 Lakhs from Rs. 669 Lakhs. The Profit after tax (PAT) for the quarter has increased by 227% i.e. to Rs 2,331 Lakhs from Rs. 713 Lakhs. Result PDF