Fine Organic Industries Q2 Results Review - Stellar Operating Performance: Prabhudas Lilladher

Prabhudas Lilladher Report

Fine Organic Industries Ltd. delivered strong operating performance led by pass through of higher costs (fatty acid prices, power and fuel, logistics etc.) and increased volumes, driving improvement in Ebitda margin to 27.6% (versus 16.7% YoY/ 28.7% QoQ), reinforcing confidence on the company’s pricing and client retention ability.

Its growth prospects look encouraging given-

1. healthy demand traction aided by improved client confidence and global consolidation benefits,

2. capacity headroom to enable capturing demand improvement in FY23,

3. strong profitability over FY23-FY25 on optimum product mix and operating leverage playing out,

4. Fine Organics' net cash balance sheet and healthy operating cash flow of Rs 14 billion over FY23-25 to enable self-funded capex.

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