Fairchem Organics in demand after Q1 PAT rises 21% YoY

10 Aug 2022 , 01:11 PM

The company PAT surged 140.48% and net sales rose 26.82% in Q1 June 2022 over Q4 March 2022. Profit before tax (PBT) stood at Rs 36.05 crore in Q1 June 2022, up 136.70% quarter-on-quarter and up 20.4% year-on-year. Total expense climbed 74.1% YoY to Rs 185.06 crore in Q1 FY23. Cost of raw material consumed stood at Rs 147.86 crore (up 71.6% YoY), power and fuel expense was at Rs 9.98 crore (up 59.7% YoY) and employee expenses stood at Rs 9.2 crore (up 4.87% YoY). Fairchem Organics is engaged in the business of manufacturing of speciality chemicals viz. oleo chemicals and intermediate nutraceuticals. Powered by Capital Market – Live News