Fine Organic's stock price up by more than 7% today

25 May 2023 , 11:39 AM

– Strong Q4 performance drives Fine Organic Industries’ stock up by more than 7%.

– Net profit soars by 40.7% YoY to reach Rs 149.4 crore in the January-March period.

– Operating margin shows significant improvement, compensating for a decline in revenue.

– EBITDA margin expands to 34%, marking a substantial increase from the previous year.

– Consistent growth in net profit and EBITDA margin throughout FY23.

– Third quarter exhibits the weakest sequential performance.

– Fine Organic Industries’ stock trades around 1% higher, reaching Rs 4,542.05 on the NSE.

– Intraday high of Rs 4,822.45 prompts investors to book partial profits.

– Trading volume witnesses a notable increase, with one lakh shares exchanged.

– Impressive returns of over 134% recorded in the past year.

 

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