Fineotex Chemical Limited (FCL)

Fineotex Chemical Limited – Standalone and Consolidated Business Performance Highlights Q2-FY24

Standalone Business – Q2-FY24 vs Q2-FY23:

1. Revenue Growth: Fineotex, a specialty chemical producing public-listed company, reports a substantial increase in Q2-FY24 revenue, reaching Rs. 10,442 Lakhs, reflecting a robust growth of 36.88% compared to Rs. 7,629 Lakhs in Q2-FY23.
2. Profit Surge: The Profit after tax (PAT) for the quarter stands at Rs. 2,741 Lakhs, marking an impressive growth of 128.88% from Rs. 1,197 Lakhs in the same period last year.
3. Operational EBITDA: The Operational EBITDA registers a noteworthy growth of 96.33%, reaching Rs. 2,797 Lakhs in Q2-FY24 compared to Rs. 1,424 Lakhs in Q2-FY23.

Standalone Business – H1-FY24 vs H1-FY23:

1. Revenue Expansion: Fineotex continues its upward trajectory in H1-FY24, with revenue from operations surging to Rs. 19,253 Lakhs, exhibiting a robust growth of 40.71% from Rs. 13,683 Lakhs in H1-FY23.
2. Profit Momentum: The Profit after tax (PAT) for the first half of the fiscal year reaches Rs. 5,000 Lakhs, demonstrating a remarkable growth of 113.56% from Rs. 2,341 Lakhs in H1-FY23.
3. Operational EBITDA: The Operational EBITDA for H1-FY24 stands at Rs. 5,022 Lakhs, showcasing a substantial growth of 109.05% from Rs. 2,402 Lakhs in H1-FY23.

Consolidated Business – Q2-FY24 vs Q2-FY23:

1. Profit Uplift: In the consolidated domain, the Profit after tax (PAT) witnesses a growth of 51.61%, reaching Rs. 3,150 Lakhs in Q2-FY24 from Rs. 2,077 Lakhs in Q2-FY23.
2. Operational EBITDA Expansion: The Operational EBITDA for the consolidated business marks an increase of 52.27%, reaching Rs. 3,821 Lakhs in Q2-FY24 from Rs. 2,509 Lakhs in Q2-FY23.

Consolidated Business – H1-FY24 vs H1-FY23:

1. Profit Growth: The Profit after tax (PAT) for the consolidated business in H1-FY24 registers a growth of 40.28%, reaching Rs. 5,762 Lakhs from Rs. 4,108 Lakhs in H1-FY23.

Additional Highlights:

1. Volume Growth: The consolidated business witnesses a substantial year-on-year volume growth of 43.42%.
2. Cash Flow Efficiency: The cash flow from operation (CFO) to EBITDA ratio for H1-FY24 stands at an impressive 80.72%.
3. Return on Capital Employed (ROCE): The consolidated ROCE for H1-FY24 is reported at 36.38%.
4. Return on Equity (ROE): The consolidated ROE for H1-FY24 stands at 30.31%.