Fine Organic Industries (FINEORG) Q3 24/25 earnings summary

Executive summary

• Achieved 13.7% year-over-year revenue growth in 9MFY25, with exports contributing 57% and domestic sales 43%.

• Standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2024, were approved and reviewed by the Board and Audit Committee.

• Q3FY25 saw a 22.5% YoY revenue increase, but a sequential decline due to softer export demand and higher input costs.

• Manufacturing at Badlapur resumed in Q3FY25 after a fire-related disruption.

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

Financial highlights

• Standalone Q3FY25 revenue: ₹521.5 Cr (+22.5% YoY), EBITDA: ₹104.2 Cr (+12.8% YoY), PAT: ₹89.0 Cr (+27.8% YoY).

• 9MFY25 standalone revenue: ₹1,625.3 Cr (+13.7% YoY), EBITDA: ₹368.9 Cr (+5.8% YoY), PAT: ₹301.1 Cr (+14.4% YoY).

• Consolidated Q3FY25 revenue: ₹513.2 Cr (+5.1% YoY), EBITDA: ₹99.0 Cr (-16.3% YoY), PAT: ₹82.7 Cr (-12.2% YoY).

• 9MFY25 consolidated revenue: ₹1,658.7 Cr (+5.2% YoY), EBITDA: ₹389.4 Cr (-0.3% YoY), PAT: ₹313.4 Cr (+5.4% YoY).

• Gross margins remained above 40% for both standalone and consolidated results.

Outlook and guidance

• Demand from domestic markets remains steady; export demand showed a slight dip in Q3FY25.

• Raw material price volatility, especially in vegetable oils, expected to impact input costs.

• Freight and utility costs normalized in Q3FY25 after earlier increases.

• Manufacturing operations at the Badlapur plant resumed on November 28, 2024, after being disrupted since January 18, 2024, due to a fire incident at an adjacent plant.