Fine Organic hits record high; soars 35% in four days on strong Q4 results

PAT jumped nearly four-fold; Ebitda margins improved to 25.8 per cent from 15.1 per cent owing to shift in the product mix towards high- margin value-added products

Shares of Fine Organic Industries hit a new high at Rs 5,523, up 8 per cent on the BSE in Thursday’s intra-day trade, in an otherwise subdued market. In the past four trading days, the stock of the specialty chemicals has soared 34.7 per cent after the company reported strong March quarter (Q4FY22) earnings, with consolidated profit after tax (PAT) growing nearly four-fold to Rs 121.7 crore when comapred with a PAT of Rs 31.8 crore in Q4FY21.

At 10:40 AM; the stock traded 6 per cent higher at Rs 5,448, as compared to a 0.36 per cent rise