Name: Latest research reports of Fine Organic Industries Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Fine Organic Industries Ltd.
Rating: 1
Author: Motilal Oswal

Export markets and stable RM prices drive performance

Sell: Fine Organic Industries Ltd.

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Motilal Oswal

Fine Organic Industries (FINEORG) reported higher-than-estimated EBITDA at
INR1.3b (-29% YoY) in 4QFY24. EBITDAM contracted 140bp YoY to 25.4%, while
gross margin improved 450bp YoY to 43.6%, primarily due to stable vegetable
oil prices.