Fineotex Chemical Q3 FY24 Results Live: Profit Rises by 47.48% YoY

livemint.com:

Fineotex Chemical, a leading chemical company, announced their Q3 FY24 results on 14 Feb, 2024. The company witnessed a significant increase in revenue and profit compared to the same quarter last year. The topline increased by 26.75% YoY, showcasing the company's growth.

In terms of the previous quarter, the revenue declined by 4.69% but the profit increased by 4.2%. This indicates the company's ability to maintain profitability despite a slight decline in revenue. The Selling, general & administrative expenses rose by 7.97% compared to the previous quarter and increased by 18.29% YoY.

This can be attributed to the company's investment in growth and expansion. The operating income also showed positive growth, with a 5.75% increase compared to the previous quarter and a significant 41.79% increase YoY. This indicates efficient cost management and improved operational performance.

The earnings per share (EPS) for Q3 FY24 stood at ₹2.95, reflecting a 47.5% YoY increase. This showcases the company's ability to generate higher earnings for its shareholders. Fineotex Chemical has delivered impressive returns to its investors.

In the last 1 week, the company has delivered a return of 15.56%. Over the past 6 months, the return has been 44.47%, and the year-to-date return stands at 12.76%. This performance highlights the company's strong market position and positive investor sentiment.

Currently, Fineotex Chemical has a market capitalization of ₹4511.89 Cr. The company's 52-week high and low are ₹429 and ₹203 respectively. This indicates the company's ability to maintain a stable stock price despite market fluctuations.