Fine Organic Industries Q2 Results Review - Stellar Operating Performance: Prabhudas Lilladher
The company delivered strong operating performance led by pass through of higher costs and increased volumes.
BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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-
healthy demand traction aided by improved client confidence and global consolidation benefits,
capacity headroom to enable capturing demand improvement in FY23,
strong profitability over FY23-FY25 on optimum product mix and operating leverage playing out,
Fine Organics' net cash balance sheet and healthy operating cash flow of Rs 14 billion over FY23-25 to enable self-funded capex.
Click on the attachment to read the full report:
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.