Fineotex Chemical, one of India's leading multinational specialty performance chemical manufacturers, reported a robust start to FY27, with consolidated profit after tax (PAT) surging 93% year-on-year.
This, driven by the successful integration of CrudeChem Technologies Group, improved operational efficiencies and higher capacity utilisation.
The company reported consolidated total income of Rs. 386.72 crore for the quarter ended June 30, 2026, up 164.48% from Rs. 146.22 crore in the corresponding quarter last year. EBITDA rose 134.69% to Rs. 59.14 crore, while PAT increased 92.67% to Rs. 48.21 crore.
Compared with the previous quarter, total income grew 19.66%, EBITDA increased 35.37%, and PAT was up 10.07%.
Gross profit nearly tripled, rising 190.25% year-on-year to Rs. 133.40 crore, with gross margin improving to 35.42%. EBITDA margin stood at 15.70%, reflecting the company's ability to successfully pass on higher raw material costs while protecting profitability.
The company reported a Return on Invested Capital (ROIC) of 33.06%, Return on Capital Employed (ROCE) of 25.56%, and maintained working capital at 72 days.
Fineotex said the successful integration of CrudeChem Technologies Group significantly strengthened its presence in the global oil and gas specialty chemicals market while improving execution capabilities, operational efficiency, scalability and capacity utilisation.
During the quarter, the company also commissioned a major capacity expansion at its Texas manufacturing facility, increasing its total manufacturing capacity to around 1,48,000 MTPA. Fineotex said it continues to evaluate inorganic growth opportunities while expanding across textiles, oil & gas, water treatment, FMCG, and cleaning & hygiene.
Sanjay Tibrewala, Executive Director and CFO, Fineotex Chemical, said: "We delivered a strong start to FY27 with healthy growth in both revenues and profitability, supported by the successful integration of our oilfield specialty chemicals business. The acquisition has significantly enhanced our presence in the global oil & gas chemicals market and contributed meaningfully to the Company's overall performance.
"During the quarter, CrudeChem continued to benefit from improved operational efficiencies, higher capacity utilisation and stronger execution capabilities, enabling us to build a more scalable and profitable business. As we continue to integrate the business and realise operational synergies, we remain confident of sustaining our margin profile while creating long-term value for our stakeholders."
