Q4 Results: Fineotex Chemical Net Sales Up 29.47 Percent YoY

Fineotex Chemical on Tuesday reported its earning for the fourth financial quarter of 2024. According to an exchange filing, the company’s revenue from operation for the quarter has increased to Rs 15,301.72 lakh from Rs. 13,768.95 lakh i.e., a growth of 11.13 per cent.
Also, the profit after tax (PAT) for the quarter ended has increased to Rs 3,047.53 lakh from Rs. 2,599.95 lakh i.e. a growth of 17.21 per cent.
Consolidated Business FY 2023-2024 (Y-o-Y Basis)
1. Revenue from operation for the year has increased to Rs 56,897.04 lakh from Rs 51,699.57 lakh i.e., a growth of 10.05 per cent.
2. The Profit after tax (PAT) for the year ended has increased to Rs 12,102.49 Lakhs from Rs 8955.48 Lakhs i.e., a growth of 35.14 per cent.
3. Volume Growth:-The Y-o-Y volume Growth of the consolidated business for the Year ended has increased by 25.51 per cent.
Earlier, Fineotex informed the stock market that the company has allotted 9.70 lakh shares of ₹ 2 face value at a price of Rs 346 to non-promoter category investors on a preferential basis.
The company is going to get Rs 33.56 crore from this. Along with this, the company has issued 26.26 lakh convertible warrants at the price of ₹ 346 per warrant, from which the company is going to earn Rs 90.8 crore. Fineotex Chemical Limited has thus raised a total amount of Rs 124.44 crore.