Fine Organic hits record high on strong Q1FY23; stock soars 56% in 3 months

It has also zoomed 70 per cent in the past six months, as compared to 0.12 per cent decline in the benchmark index

Shares of Fine Organic Industries hit a record high of Rs 6,909 as they rallied 19 per cent on the BSE in Wednesday's intra-day trade after the company reported robust June quarter (Q1Fy23) results. The company's consolidated net profit rose over four-fold at Rs 157.28 crore in June quarter, as against Rs 34.93 crore in Q1FY22. On a sequential basis, net profit grew 29 per cent from Rs 122 crore in March 2022 quarter (Q4FY22).

Meanwhile, the company’s revenue from operations more-than-doubled to Rs 748 crore during quarter under review against Rs 358 crore in corresponding quarter of the