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Digitally Signed by Pooja Bhavesh Lohor Date: 2025.02.05 17:37:07 +05'30'

Fine Organic Industries Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2024, reporting a 5.1% increase in revenue from operations year-over-year for Q3 FY25. The company faced challenges with a 16.3% decline in EBITDA and a 12.2% decrease in PAT compared to the previous year, attributed to rising raw material and operational costs. Additionally, the company resumed manufacturing operations at its Badlapur plant and is progressing with plans for a new manufacturing unit in Maharashtra's Special Economic Zone.

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Viswa Teja Kanagala
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9 views3 pages

Digitally Signed by Pooja Bhavesh Lohor Date: 2025.02.05 17:37:07 +05'30'

Fine Organic Industries Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2024, reporting a 5.1% increase in revenue from operations year-over-year for Q3 FY25. The company faced challenges with a 16.3% decline in EBITDA and a 12.2% decrease in PAT compared to the previous year, attributed to rising raw material and operational costs. Additionally, the company resumed manufacturing operations at its Badlapur plant and is progressing with plans for a new manufacturing unit in Maharashtra's Special Economic Zone.

Uploaded by

Viswa Teja Kanagala
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Date: February 05, 2025

To To
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Plot No. C/l, “6” Block, Exchange Plaza
Dalal Street, Bandra Kurla Complex, Bandra (East)
Mumbai - 400 001 Mumbai - 400 051

Security Code: 541557 Symbol: FINEORG

Dear Sir/Madam,

Sub: Press release on the unaudited financial results for the quarter and nine months ended
December 31, 2024

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,


2015, please find attached herewith the investor release on the unaudited financial results for the
quarter and nine months ended December 31, 2024.

The aforesaid investor release is also available on the Company’s website www.fineorganics.com

We request you to take the above information on your record.

Thanking you,

For Fine Organic Industries Limited


POOJA Digitally
by POOJA
signed

BHAVESH BHAVESH LOHOR


Date: 2025.02.05
LOHOR 17:37:07 +05'30'
Pooja Lohor
Company Secretary and Compliance Officer

Encl: as stated
Investor Release

Fine Organic Industries Limited


Mumbai, 5th February 2025:

Fine Organic Industries Limited, the largest manufacturer of oleochemical-based additives in India, has more
than 510 different products used in food, polymer, cosmetics, paint, ink, coatings, etc., and has announced its
unaudited financial results for the Quarter and nine months ended 31st December 2024.

Consolidated Performance Highlights


Particulars (Rs in Crs) Q3FY25 Q3FY24 YoY 9MFY25 9MFY24 YoY
Revenue from Operations 513.2 488.4 5.1% 1,658.7 1,576.1 5.2%
EBITDA 99.0 118.2 -16.3% 389.4 390.5 -0.3%
EBITDA Margin 19.3% 24.2% 23.5% 24.8%
PAT 82.7 94.2 -12.2% 313.4 297.3 5.4%
PAT Margin % 16.1% 19.3% 18.9% 18.9%

Q3 & 9M FY25 Performance Highlights:

• Revenue and Demand Composition:


o In 9M FY25, the domestic and export for 43% and 57%, respectively, while in Q3 FY25, they
stood at 44% and 56% of the revenue from operations
o In Q3 FY25, there was a slight dip in demand from export markets on a QoQ basis, whereas
the domestic market demand remained steady over the 9MFY25
• Raw material Prices:
o From Q2 FY25, there has been a notable increase in the prices of certain vegetable oils,
primarily in the domestic market, impacting input cost. This trend continued in Q3 FY25
• Operational Cost:
o In 9M FY25, the company experienced higher freight costs, leading to a substantial increase in
logistical expenses. However, these costs declined from Q2 FY25 to Q3 FY25 as freight rates
stabilized, resulting in normalized operational expenses in Q3 FY25 compared to Q2 FY25
o Utility costs also increased in 9M FY25 due to a rise in per-unit charges and higher production
volumes, leading to elevated overall operational expenses
• Re-commencement of Manufacturing Operations at Plant W124:
o The company’s manufacturing unit in Badlapur, Maharashtra, resumed operations in Q3 FY25
after being disrupted since January 18, 2024, due to a fire incident at an adjacent plant
• Registration for Land of Wholly Owned Subsidiary:
o Fine Organic Industries (SEZ) Private Limited, a wholly-owned subsidiary of the company,
signed a lease deed with Jawaharlal Nehru Port Authority (JNPA) on October 29, 2024, for land
to establish a manufacturing unit in the Special Economic Zone, Maharashtra. The company
has applied for environmental clearance, which is currently in progress

1
Investor Release

About Us:

Fine Organic Industries Ltd is the largest manufacturer of oleochemical-based additives in India and a strong
player globally in this industry. It produces a wide range of specialty plant-derived oleochemical-based additives
used in food, polymer, cosmetics, paint, ink, coatings, and other specialty applications in various industries. The
company has a strong distribution network within India and globally. The state-of-the-art manufacturing
facilities are located in Maharashtra.

Safe Harbor:

Statements in this document relating to future status, events, or circumstances, including but not limited to
statements about plans and objectives, the progress and results of research and development, potential project
characteristics, project potential and target dates for project related issues are forward-looking statements
based on estimates and the anticipated effects of future events on current and developing circumstances. Such
statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results.
Actual results may differ materially from those anticipated in the forward-looking statements. The company
assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or
other factors.

For further details please contact:

Company Investor Relations Advisors

Fine Organic Industries Limited Strategic Growth Advisors Pvt. Ltd.


CIN No: L24119MH2002PLC136003 CIN No: U74140MH2010PTC204285
Name: Ms. Sonali Bhadani Mr. Mandar Chavan / Mr. Rahul Agarwal
Email id: [email protected]
Email id: [email protected] /
[email protected]

Tel No: +91 96993 82195 / +91 98214 38864

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