Fineotex Chemical reports strong performance in Q3FY18

Amir Shaikh
/ Categories: Trending, Quarterly Results

Fineotex Chemical reported its third quarter results for FY18 on Wednesday. 

Fineotex Chemical standalone revenue for the quarter came in at Rs. 23.3 crore, registering an increase of 14.9% YoY. 

The company's EBITDA for the quarter rose by 17.3% YoY to Rs. 5.42 crore, with corresponding margin expansion of 47 bps. The EBITDA margin for the quarter stood at 23.3%. 

Its PAT for the quarter came in at Rs 7.92 crore, an increase of 88.6% YoY. This was due to substantial increase in other income to Rs. 4.36 crore as against Rs. 0.75 crore in the corresponding quarter of last year. 

The board of directors declared interim dividend of Rs. 0.2 per equity share of face value Rs. 2 each. The record date for this dividend is fixed on February 22,  2018. 

Fineotex Chemical is a manufacturer of specialty chemicals predominantly for the textile sector. The company manufactures over 400 specialty chemicals and enzymes for various industries, including textiles, garments, construction, leather, water treatment, agrochemicals, adhesives, among others. 

Previous Article Genesys International Corporation PAT almost doubles in Q3FY18
Next Article SP Apparels reports muted numbers in Q3FY18
Rate this article:
5.0

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR