Fine Organic Industries (FINEORG) Q1 24/25 earnings summary

Executive summary

• Q1FY25 consolidated revenue was ₹549.7 Cr, up 0.5% YoY, with PAT at ₹113.3 Cr, up 13.5% YoY.

• Standalone and consolidated unaudited financial results for Q1FY25 were approved by the Board and reviewed by the Audit Committee.

• Statutory auditors issued limited review reports with no material misstatements identified.

• Domestic revenue contributed 45% and exports 55%; domestic demand strong, US market improving, Europe slow.

• All plants running at optimum capacity except Patalganga, which has room for ramp-up.

Financial highlights

• Consolidated Q1FY25 revenue was ₹54,968.54 lakhs, nearly flat YoY; PAT at ₹11,325.11 lakhs, up from ₹9,976.78 lakhs YoY.

• Standalone Q1FY25 revenue at ₹50,832.78 lakhs, down from ₹53,213.56 lakhs YoY; PAT at ₹9,899.93 lakhs, down from ₹11,421.51 lakhs YoY.

• Consolidated Q1FY25 EBITDA at ₹141.2 Cr, PAT margin at 20.6%.

• EPS for Q1FY25 at ₹36.94 (consolidated), ₹32.29 (standalone).

• Board recommended a final dividend of ₹10 per share (face value ₹5) for FY24, subject to shareholder approval.

Outlook and guidance

• Domestic demand expected to remain strong; US market recovery underway, Europe remains weak.

• Volatility in vegetable oil prices anticipated due to weather impacts.

• Red Sea crisis and container shortages increasing lead times and freight costs.