Fine Organic Industries Reports Mixed Results for Q1 FY25, Hold Recommendation by MarketsMOJO

Profit After Tax – Quarterly: Declined to Rs 60.63 cr from Rs 64.03 cr in the previous quarter. This could be due to higher expenses or lower sales.

Fine Organic Industries, a midcap chemical company, has recently declared its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, Fine Organic has shown a flat performance in the quarter, with a score of 3, which is an improvement from the previous score of -8 in the last three months. However, there are some positive and negative aspects to the company’s financials.

On the positive side, Fine Organic has shown a strong operating cash flow of Rs 634.51 crore annually, with a consistent growth in the last three years. This indicates that the company has been able to generate higher cash revenues from its business operations. Additionally, the net sales for the quarter have been the highest in the last five quarters at Rs 549.69 crore, showing a positive trend in the near term.

On the other hand, the non-operating income for the quarter has also been the highest in the last five quarters at Rs 24.50 crore. While this may seem like a positive aspect, it is important to note that this income is from non-business activities and may not be sustainable in the long run. Furthermore, the profit after tax for the quarter has declined to Rs 60.63 crore from Rs 64.03 crore in the previous quarter, which could be attributed to higher expenses or lower sales.

Overall, Fine Organic’s financial performance for the quarter ending June 2024 has been mixed, with some positive and negative aspects. Investors are advised to hold their positions in the company’s stock, as suggested by MarketsMOJO.