Profit before tax advanced 24.1% to Rs 200.81 crore in Q4 FY23 as against Rs 121.85 crore in corresponding quarter last year.

Total expense declined 33.41% to Rs 408.12 crore in Q4 FY23 as against Rs 612.84 crore in Q4 FY22. Cost of material consumed stood at Rs 459.40 crore (down 2.15% YoY) while employee benefit expense was at Rs 31.12 crore (up 29.83% YoY).

EBITDA stood at Rs 201.7 crore in Q4 FY23, registering the growth of 26% as compared with Rs 159.5 crore posted in corresponding quarter last year while EBITDA margin stood at 33.8% in Q4 FY23 as against 25.9% in Q4 FY22.

On full year basis, the company's consolidated net profit surged 138.1% to Rs 618.10 crore on 61.1% jump in revenue from operations to Rs 3,023.08 crore in FY23 over FY22.

Meanwhile, the board has recommended a final dividend of Rs 9 per equity share for FY23.

Fine Organic is a leading producer of specialty additives for foods, plastics, rubbers, paints, inks, cosmetics, coatings, textile auxiliaries, lubes and several other specialty applications.

The scrip declined 1.38% to Rs 4,438.50 on the BSE.