Company Update : Fine Organics Ltd by Motilal Oswal Financial Services Ltd
EBITDA in line; Adj. PAT below estimates due to higher depreciation and lower other income
* Revenue came in at INR5.5b (est. of INR5.2b), +8% YoY, -7% QoQ.
* Gross margin stood at 38% (-140bp YoY, -350bp QoQ).
* EBITDAM came in at 18.3% (-100bp YoY, -430bp QoQ).
* EBITDA stood at INR1b (est. in line), +2% YoY, -25% QoQ.
* Adjusted PAT stood at INR792m (est. INR869m), -4% YoY, -27% QoQ (adjusted for the one-time labor law impact of INR71m).
* In 9MFY26, revenue grew 5% YoY to INR17.4b, while EBITDA/Adj. PAT declined 7%/4% to INR3.6b/INR3b.
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SEBI Registration number is INH000000412
