Fine Organic Industries Limited has informed the Exchange regarding 'Proposed incorporation of wholly owned subsidiary in United Arab Emirates'.
FINEORG · price
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Fine Organic Industries' board, at its May 8, 2025 meeting, approved the audited Standalone and Consolidated Financial Results for Q4 and FY ended March 31, 2025. Standalone revenue from operations rose to Rs. 2,20,519.45 lakhs (up ~13% YoY from Rs. 1,95,114.29 lakhs) while net profit grew to Rs. 38,966.25 lakhs (up ~6% YoY), translating to an EPS of Rs. 127.09. The board recommended a final dividend of Rs. 11 per equity share (on a face value of Rs. 5), with the record date set as July 26, 2025. It also approved incorporating wholly owned subsidiaries in the USA and UAE to support international expansion, and appointed new statutory and secretarial auditors for five-year terms. The 23rd AGM is scheduled for August 21, 2025, and the Badlapur plant, which was disrupted by a fire in January 2024, resumed full operations from November 28, 2024.
Shareholders will benefit from the Rs. 11 dividend (total payout ~Rs. 33.7 crores), while the new wholly owned subsidiaries in the USA and UAE signal a push to grow overseas presence. Revenue grew faster than profit, indicating some margin compression, but the expansion move and resumed Badlapur operations are positives for the medium-term growth story.