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Fine Organic Industries Ltd Q1 FY24; 38% fall in Profits

Fine Organic Industries is engaged in and outside India as manufacturers, processors, suppliers, distributors, dealers, importers, exporters of wide range of oleochemical-based additives used in foods, plastics, cosmetics, coatings and other specialty application in various industries.

Financial Results:

  • Fine Organic Industries Ltd reported Revenues for Q1FY24 of ₹547.00 Crores down from ₹748.00 Crore year on year, a fall of 26.87%.
  • Total Expenses for Q1FY24 of ₹420.00 Crores down from ₹545.00 Crores year on year, a fall of 22.94%.
  • Consolidated Net Profit of ₹100.00 Crores down 37.5% from ₹160.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹32.54, down 37.57% from ₹52.12 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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