Fine Organic Industries (FINEORG) Q2 24/25 earnings summary

Executive summary

• Achieved strong revenue growth in both domestic and export markets, with exports accounting for 61% of Q2FY25 revenue and 58% for H1FY25, reflecting robust global demand.

• Consolidated revenue from operations for Q2 FY25 was ₹59,581.94 lakhs, up from ₹54,049.19 lakhs in Q2 FY24, with total income at ₹61,772.13 lakhs for the quarter and ₹1,19,191.00 lakhs for H1 FY25, reflecting year-over-year growth.

• Net profit for Q2 FY25 stood at ₹11,744.13 lakhs, compared to ₹10,336.84 lakhs in Q2 FY24; H1 FY25 net profit was ₹23,069.24 lakhs, up from ₹20,313.62 lakhs in H1 FY24.

• Operational efficiency maintained despite increased freight, power, and fuel costs; all plants running at optimal capacity, with further ramp-up potential at Patalganga.

• Signed a 60-year lease for a new SEZ facility at JNPA, targeting international markets, with commercial production expected by FY27.

Financial highlights

• Q2FY25 standalone revenue rose 26% YoY to ₹595.5 Cr; EBITDA up 37% YoY to ₹142.9 Cr; PAT up 43% YoY to ₹113.1 Cr.

• Q2FY25 consolidated revenue increased 10% YoY to ₹595.8 Cr; EBITDA up 15% YoY to ₹150.6 Cr; PAT up 14% YoY to ₹117.4 Cr.

• H1FY25 consolidated revenue up 5% YoY to ₹1,145.5 Cr; EBITDA up 7% YoY to ₹290.3 Cr; PAT up 14% YoY to ₹230.7 Cr.

• EBITDA margins remained strong at 24% (standalone) and 25.3% (consolidated) for H1FY25.

• Earnings per share (EPS) for Q2 FY25 was ₹38.30, compared to ₹33.71 in Q2 FY24.

Outlook and guidance

• New SEZ facility at JNPA to enhance global market presence, with ₹750 Cr capex funded by debt and internal accruals; commercial production expected by FY27.

• Continued focus on R&D, innovation, and expanding product portfolio to drive future growth.

• Management confirmed continued focus on specialty chemicals manufacturing as the primary business segment.