Ashish Kacholia-Backed Small-Cap Chemical Stock Declares 20 Per Cent Dividend on Face Value

The record date for the dividend has been set as February 18, 2025, and the payout is expected on or before March 14, 2025

Fineotex Chemical Limited reported a 15 per cent decline in consolidated net profit for the October to December 2024 quarter, with earnings dropping to Rs 28 crore from Rs 33 crore in the same period last year. As per the company's financial statements, revenue from operations also fell 9 per cent to Rs 126 crore, compared to Rs 138 crore in Q3FY24.On a standalone basis, the company’s net profit declined 12 per cent to Rs 24 crore, down from Rs 28 crore in the year-ago period.

Fineotex Chemical has declared an interim dividend of Rs 0.40 per share, with a face value of Rs 2 per equity share, for FY25. The record date for the dividend has been set as February 18, 2025, and the payout is expected on or before March 14, 2025, according to the company’s exchange filing.

Renowned investor Ashish Kacholia holds a 2.74 per cent stake in the company as per the shareholding pattern recorded on December 31, 2024.Fineotex Chemical shares closed 0.18 per cent higher at Rs 281 on Thursday, February 13, following the announcement of Q3FY25 results post-market hours on Wednesday, February 12. Over the past year, the stock has gained 27.84 per cent.

Fineotex Chemical Ltd is a leading manufacturer of speciality chemicals and enzymes, catering to diverse industries such as textiles, construction, leather, water treatment, paints, agrochemicals, and adhesives. The company specializes in the manufacturing and trading high-performance chemical solutions that enhance production efficiency across various industrial applications.

Disclaimer: This article is for informational purposes only and should not be construed as investment advice.