Fine Organic Industries Limited, the largest manufacturer of oleochemical-based additives in India, has more than 510 different products used in food, polymer, cosmetics, paint, ink, coatings, etc., and has announced its unaudited financial results for the Quarter and nine months ended 31st December 2024.

During Q3 FY25, Fine Organic has posted a PAT of Rs. 82.7 crore as compared to Rs. 94.2 crore in Q3 FY24, reflecting a drop of 12.2 per cent. Revenue from operations in Q3 FY25 stood at Rs. 513.2 crore as compared to Rs. 488.4 crore, a 5.1 per cent increase.

In 9M FY25, the domestic and export for 43% and 57%, respectively, while in Q3 FY25, they stood at 44% and 56% of the revenue from operations. In Q3 FY25, there was a slight dip in demand from export markets on a QoQ basis, whereas the domestic market demand remained steady over the 9MFY25.

There has been a notable increase in the prices of certain vegetable oils from Q2 FY25, primarily in the domestic market, impacting input cost. This trend continued in Q3 FY25.

In 9M FY25, the company experienced higher freight costs, leading to a substantial increase in logistical expenses. However, these costs declined from Q2 FY25 to Q3 FY25 as freight rates stabilized, resulting in normalized operational expenses in Q3 FY25 compared to Q2 FY25. Utility costs also increased in 9M FY25 due to a rise in per-unit charges and higher production volumes, leading to elevated overall operational expenses.

Meanwhile, the company’s manufacturing unit in Badlapur, Maharashtra, resumed operations in Q3 FY25 after being disrupted since January 18, 2024, due to a fire incident at an adjacent plant.

Fine Organic Industries (SEZ) Private Limited, a wholly-owned subsidiary of the company, signed a lease deed with Jawaharlal Nehru Port Authority (JNPA) on October 29, 2024, for land to establish a manufacturing unit in the Special Economic Zone, Maharashtra. The company has applied for environmental clearance, which is currently in progress.