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Fairchem Organics Ltd Q2FY24; 150% rise in Profits

Fairchem Organics Limited was established in 2019, wherein Fairchem Speciality Limited (FSL) transferred the businesses of Oleo chemicals and nutraceuticals as per the scheme of demerger. Fairchem Organics is engaged in manufacturing of specialty chemicals like dimer acid, linoleic acid, mixed tocopherol concentrate and sterols concentrate, which find application in various industries like nutraceuticals, paints, printing ink, detergents, adhesives, etc.

Financial Results:

Fairchem Organics Ltd reported Revenues for Q2FY24 of ₹152.00 Crores down from ₹169.00 Crore year on year, a fall of 10.06%.

Total Expenses for Q2FY24 of ₹138.00 Crores down from ₹163.00 Crores year on year, a fall of 15.34%.

Consolidated Net Profit of ₹10.00 Crores up 150.0% from ₹4.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹7.90, up 157.33% from ₹3.07 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Chemicals
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