Fineotex Chemical has posted a blockbuster fourth quarter for FY26, with consolidated profit after tax surging 118% year-on-year to Rs. 43.8 crore, driven by sharp growth in its newly acquired US oilfield specialty chemicals business.
The specialty performance chemicals maker reported consolidated revenue of Rs. 313.7 crore for Q4 FY26, up 162% from Rs. 119.8 crore a year earlier. EBITDA climbed 105% to Rs. 43.7 crore, while volumes jumped 131% year-on-year.
For the full financial year FY26, the company reported revenue of Rs. 772.2 crore, marking a 45% increase over FY25. Annual PAT rose 14% to Rs. 125 crore.
The company said its recently acquired US-based oil and gas specialty chemicals business, CrudeChem Technology, is now operating at “optimal efficiency levels,” backed by robust demand and stronger execution.
As part of its expansion push, Fineotex added a new 15-acre facility in Midland in the Permian Basin — one of the world’s largest energy hubs. The facility has an annual handling capacity of nearly 150 million pounds, or about 80,000 MTPA, strengthening the company’s capabilities in blending, storage, logistics, R&D, QA/QC, and supply chain management.
Commenting on the performance, Sanjay Tibrewala, Executive Director and CFO, Fineotex Chemical, said: “During the quarter, the Company delivered strong operational and financial performance, supported by the successful integration of our recently acquired oilfield specialty chemicals business.
"The acquisition has significantly strengthened our presence in this segment and contributed meaningfully to topline growth. Under Fineotex’s management, CrudeChem has witnessed notable improvements in operational efficiency, capacity utilization, execution capabilities, and scalability, resulting in an expansion in EBITDA margins.”
Aarti Jhunjhunwala, Executive Director, Fineotex Chemical, said: “Our domestic business also recorded healthy growth, supported by steady demand across key end-user segments. Despite volatility in global raw material prices due to geopolitical tensions in the Middle East, we successfully passed on higher costs to customers, helping maintain healthy blended margins.
“To capitalize on rising demand and strong customer traction in the US oilfield chemicals market, we also doubled CrudeChem’s manufacturing capacity, positioning the business for larger contracts and future growth.”
