{"id":4962,"date":"2024-11-13T11:43:06","date_gmt":"2024-11-13T06:13:06","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=4962"},"modified":"2024-11-13T11:44:37","modified_gmt":"2024-11-13T06:14:37","slug":"fairchem-organics-shares-drop-11-on-weak-q2-results","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/fairchem-organics-shares-drop-11-on-weak-q2-results\/","title":{"rendered":"Fairchem Organics Shares Drop 11% on Weak Q2 Results"},"content":{"rendered":"\n

Fairchem Organics shares dropped 11% on November 13 as the company reported disappointing Q2 earnings. The specialty chemicals firm saw a 61% year-on-year (YoY) drop in consolidated net profit to Rs 4.01 crore, while revenue fell 9% YoY to Rs 138 crore. EBITDA also decreased by 48% YoY to Rs 8.74 crore, with margins shrinking to 6.3% from 11.05% in the same period last year.<\/p>\n\n\n\n

Company Background and Market Position<\/strong><\/p>\n\n\n\n

Fairchem Organics, an end-to-end by-product refining company that refines oil refining mills’ by-products into chemicals used in paints, inks, and the preparation of Natural Vitamin E-Tocopherol, was acquired by Fairfax India Holdings in 2015.<\/p>\n\n\n\n

Stock Performance<\/strong><\/p>\n\n\n\n

By 11:14 AM, the stock was trading at Rs 876.95 on the NSE, down 11%. The stock has underperformed this year, losing around 31% YTD, while the Nifty index gained about 9%.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com<\/a><\/p>\n\n\n\n

Source: Moneycontrol<\/a><\/sup><\/sub><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Fairchem Organics shares dropped 11% on November 13 as the company reported disappointing Q2 earnings. The specialty chemicals firm saw a 61% year-on-year (YoY) drop in consolidated net profit to Rs 4.01 crore, while revenue fell 9% YoY to Rs 138 crore. EBITDA also decreased by 48% YoY to Rs 8.74 crore, with margins shrinking […]<\/p>\n","protected":false},"author":1,"featured_media":4964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[62],"tags":[668],"class_list":["post-4962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-results","tag-fairchem-organics-q2"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=4962"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4962\/revisions"}],"predecessor-version":[{"id":4963,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4962\/revisions\/4963"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/4964"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=4962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=4962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=4962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}