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Consolidated profit before tax stood at Rs 29.04 crore in Q3 FY23 as against Rs 25.36 crore posted in Q3 FY22, recording a growth of 14.5%.
Operational EBIDTA rose 13.85% to Rs 28.55 crore in Q3 FY23 from Rs 25.08 crore posted in the same period a year ago.
Meanwhile, the company said that CRISIL has upgraded its long term rating and short term rating on the bank facilities of the company.
CRISIL has upgraded the long-term rating of Fineotex Chemical to ‘CRISIL A/Stable' from ‘CRISIL A-/Stable'. It has also upgraded the short- term rating to ' CRISIL A1' from ' CRISIL A2+'.
Fineotex Chemical is engaged in the business of manufacturing of textile chemicals, auxiliaries and specialty chemicals.
Shares of Fineotex Chemical declined 1.74% to end at Rs 226.40 on Friday, 27 January 2023.
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