Hot Pursuit     25-Jul-23
Laxmi Organic Inds gains subsidiary's manufacturing facility commences operations
Laxmi Organic Industries added 1.53% to Rs 256.10 after the company announced that its subsidiary Yellowstone Fine Chemicals (YFCPL) has commissioned the first phase of its manufacturing facility located at Ratnagiri, Maharashtra.

“Going ahead, YFCPL's primary focus over the next few months will be on operationalizing the entire site in phased manner and ensuring a seamless stabilization of operations without any compromise on safety,” Laxmi Organic said in a statement.

Laxmi Organic Industries is a leading manufacturer of acetyl intermediates and specialty intermediates with almost three decades of experience in large scale manufacturing of chemicals.

The company reported 65.25% fall in consolidated net profit to Rs 24.32 crore on a 16.68% decline in sales to Rs 733.19 crore in Q4 FY23 over Q4 FY22.

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