Fineotex Chemicals extends rally on strong Q1 results; zooms 72% in 2 mths

In Q1FY23, Fineotex Chemicals reported 167 per cent YoY growth in EBITDA at Rs 26.20 crore, while margin expanded 381 bps YoY to 19.3 per cent.

Shares of Fineotex Chemicals hit a new high of Rs 273.55, as they rallied 9 per cent on the BSE in Friday’s intra-day trade extending gains after the company reported a strong set of numbers for the quarter ended June 2022 (Q1FY23).

In the past two months, the stock of the specialty chemicals has zoomed 72 per cent. In the last one month, it soared 40 per cent, as compared to a 10 per cent rise in the S&P BSE Sensex.

Fineotex Chemicals is engaged in the business of manufacturing of Textile chemicals, auxiliaries and specialty chemicals. The