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In the fourth quarter of March 2023, the Profit Before Tax (PBT) surged by an impressive 61.6% year-on-year, reaching Rs 33.38 crore.
The company's consolidated operational EBITDA increased by 52% to Rs 32.71 crore from Rs 21.52 crore in the same quarter of the previous year.
During the quarter, India business reported 49.87% increase in profit after tax (PAT) YoY to Rs 25.29 crore. Operational EBIDTA increased by 56.91% to Rs 31.57 crore.
Total expenses rose 5.1% to Rs 104.98 crore in quarter ended 31 March 2023. Cost of materials consumed was at Rs 85.73 crore (up 16.8% YoY) and employee expense rose 17.9% to Rs 5 crore during the quarter.
For the full year, Fineotex Chemical's net profit rose 60.09% to Rs 88.32 crore while net sales rose 40.40% to Rs 517.00 crore in the year ended March 2023 over the year ended March 2022.
The company's consolidated operational EBITDA increased by 58.11% to Rs 112.59 crore from Rs 71.21 crore in the previous year.
The YoY volume growth of the consolidated business for the year ended has increased by 84.77%.
The board has recommended a final dividend of Rs 0.80 per equity share.
Fineotex Chemical is a specialty chemicals manufacturer that produces a range of products for various industries, including the oil and gas industry.
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