Fine Organic Industries, India’s largest manufacturer of specialty additives, has reported its financial results for the quarter and year ended 31 March 2026, showing resilient top-line growth and strong profit expansion in the latest quarter.

 

The company reported consolidated revenue from operations of Rs. 625.3 crore in Q4 FY26, up 3.1% year-on-year from Rs. 606.8 crore, and 12.7% sequentially from Rs. 554.8 crore in Q3 FY26.

 

EBITDA stood at Rs. 129.8 crore, rising 8.6% YoY and 37.6% QoQ, while margins improved to 20.8% from 19.7% a year ago, though slightly below 22.6% in Q3 FY26.

 

Net profit (PAT) jumped 21.0% YoY to Rs. 117.5 crore, compared to Rs. 97.1 crore last year, and surged 58.9% QoQ from Rs. 73.9 crore. PAT margin expanded to 18.8%, up from 16.0% in Q4 FY25.

 

Earnings per share rose to Rs. 38.32, compared with Rs. 31.68 in the same quarter last year.

 

For FY26, revenue came in at Rs. 2,365.8 crore, up 4.3% from Rs. 2,269.1 crore in FY25.

 

However, EBITDA declined 5.8% YoY to Rs. 483.0 crore, with margins contracting to 20.4% from 22.6% a year earlier, reflecting cost pressures.

 

Despite this, PAT increased marginally to Rs. 417.1 crore versus Rs. 410.5 crore in FY25, up 1.6%. The figure includes a Rs. 6.98 crore insurance settlement for business interruption. EPS for the year stood at Rs. 136.03.

 

Exports continued to anchor the business, contributing around 55% of revenue in Q4 FY26 and the full year FY26, while domestic demand accounted for 45%.

 

Management noted stable overall demand during the year, with exports performing steadily and domestic demand showing improvement.

 

On the cost side, raw material prices rose during FY26 compared to FY25, with a further uptick in Q4 FY26 versus Q3 FY26. Freight costs remained stable for most of the year but increased in Q4 due to disruptions linked to the West Asia crisis.

 

The company expanded its global footprint by incorporating a wholly owned subsidiary, Fine Organics Americas LLC, in Q1 FY26 to establish a manufacturing facility in the United States.

 

An equity investment of US$ 1.12 million (approximately Rs. 9.6 crore) has been made. The subsidiary has also acquired around 160 acres of land in Jonesville, Union County, South Carolina.

 

In Q2 FY26, Fine Organic Industries (SEZ) Private Limited, the company’s wholly owned subsidiary, issued additional preference shares worth Rs. 65 crore as part of its capital structure strengthening.