Fineotex Chemical’s stock came under pressure in Monday’s trade, falling sharply by over 3% after the company released a softer set of Q2 numbers. The chemical manufacturer reported a decline across key financial metrics on a year-on-year basis, reflecting a muted demand environment. As of 9:27 AM, the shares were trading 3.30% lower at Rs 24.94.
For the quarter, the company posted revenue of ₹138 crore, which is lower than the ₹146 crore it reported in the same period last year, marking a drop of 5.5%. Profitability also took a hit, with EBITDA falling to ₹31 crore from ₹36.4 crore, a decline of 14.8%. The EBITDA margin narrowed to 22.5% compared to 25% last year.
Net profit slid 18.4% to ₹26 crore, down from ₹31.9 crore a year ago, signaling pressure on both operations and bottom-line performance.
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