*Fine Organic Industries Ltd.* | *CMP* Rs. 3298 | *M Cap* Rs. 10110 Cr | *52 W H/L* 3594/2123
(Nirmal Bang Retail Research)
*Result is marginally above expectations*
Revenue from Operations came at Rs. 438.4 Cr (22.6% QoQ, 61.8% YoY) vs expectation of Rs. 403 Cr, QoQ Rs. 357.6 Cr, YoY Rs. 271 Cr
EBIDTA came at Rs. 73.1 Cr (40.5% QoQ, 42.7% YoY) vs expectation of Rs. 65.2 Cr, QoQ Rs. 52 Cr, YoY Rs. 51.2 Cr
EBITDA Margin came at 16.7% vs expectation of 16.2%, QoQ 14.5%, YoY 18.9%
Adj. PAT came at Rs. 49.9 Cr vs expectation of Rs. 43.6 Cr, QoQ Rs. 35.9 Cr, YoY Rs. 31.2 Cr
Quarter EPS is Rs. 16.3
Share is trading at P/E of 42.8x FY23E EPS