Hot Pursuit     09-Nov-22
Fairchem Organics tumbles after Q2 PAT drops 81% YoY
Fairchem Organics fell 12.96% to Rs 1602.45 after the company's net profit tumbled 80.9% to Rs 4 crore on 0.4% increase in net sales to Rs 168.26 crore in Q2 September 2022 over Q2 September 2021.
Profit before tax (PBT) fell 79.8% year-on-year to Rs 5.65 crore in Q2 September 2022.

During the quarter, total expense rose 16.9% to Rs 161.28 crore. Cost of material consumed climbed 32.9% to Rs 153.61 crore, power, oil & fuel cost rose 19.2% to Rs 10.68 crore and employee cost increased 11.8% to Rs 4.94 crore.

Net cash generated from operating activities stood at Rs 70.44 crore in six months ended 30 September 2022 as against Rs 59.62 crore in six months ended 30 September 2021.

Fairchem Organics is engaged in the business of manufacturing of speciality chemicals viz. Oleo Chemicals and Intermediate Nutraceuticals.

Previous News
  Fairchem Organics standalone net profit rises 126.31% in the June 2024 quarter
 ( Results - Announcements 05-Aug-24   14:07 )
  Fairchem Organics to hold board meeting
 ( Corporate News - 16-Jul-24   10:15 )
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 ( Corporate News - 23-May-24   09:55 )
  Board of Fairchem Organics recommends final dividend
 ( Corporate News - 23-May-24   09:55 )
  Fairchem Organics standalone net profit declines 0.84% in the March 2024 quarter
 ( Results - Announcements 23-May-24   07:36 )
  Fairchem Organics to hold board meeting
 ( Corporate News - 02-May-24   16:31 )
  Fairchem Organics to conduct EGM
 ( Corporate News - 07-Feb-24   12:20 )
  Fairchem Organics standalone net profit rises 1921.31% in the December 2023 quarter
 ( Results - Announcements 05-Feb-24   17:25 )
  Fairchem Organics announces board meeting date
 ( Corporate News - 16-Jan-24   17:03 )
  Fairchem Organics standalone net profit rises 157.25% in the September 2023 quarter
 ( Results - Announcements 06-Nov-23   17:42 )
  Fairchem Organics to discuss results
 ( Corporate News - 16-Oct-23   17:39 )
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