Fine Organic Industries Limited announced its financial results for the quarter and nine months ended December 31, 2025. Revenue saw a 7.3% YoY increase for Q3, reaching ₹554.8 Crores. The company also detailed strategic expansions, including equity infusions into its Thailand JV, incorporation of a WOS in the UAE (Dubai), and setting up a manufacturing subsidiary in the United States.
Consolidated Financial Performance (Q3 FY26)
Fine Organic Industries Limited has released its financial results for the quarter ended December 31, 2025. Key consolidated performance highlights are as follows:
| Particulars (Rs in Crs) | Q3FY26 | Q3FY25 | YoY | 9MFY26 | 9MFY25 | YoY |
|---|---|---|---|---|---|---|
| Revenue from Operations | 554.8 | 516.8 | 7.3% | 1,740.5 | 1,662.4 | 4.7% |
| EBITDA | 94.4 | 102.7 | -8.2% | 353.1 | 393.3 | -10.2% |
| EBITDA Margin | 17.0% | 19.9% | – | 20.3% | 23.7% | – |
| PAT | 73.9 | 82.7 | -10.6% | 299.6# | 313.4 | -4.4% |
Note: The 9MFY26 PAT of ₹299.6 Crores includes a claim of INR 6.98 Crores received as a final settlement for business interruption from the insurance company.
Demand Trends and Revenue Composition
- Exports represented approximately 53% of total revenue in Q3 FY26, while domestic sales accounted for 47% during the quarter.
- Overall demand remained stable, with export markets showing steady performance and domestic demand indicating improving performance during the nine-month period.
Operating Environment and Cost Dynamics
- Raw material prices have seen an increase in FY26 compared to the previous year (FY25), with a slight sequential rise observed in Q3 over Q2.
- Freight costs stabilized during the year and decreased further in Q3, primarily due to a reduction in global sea freight rates.
Key Accounting and Regulatory Updates
- The Government of India notified four new Labour Codes, effective November 21st, 2025, consolidating 29 existing laws. Supporting rules are still pending notification.
- Following an actuarial valuation related to these changes, the Company recognized an additional provision of INR 7.11 crores toward past service cost for Gratuity, in line with Ind AS 19.
Strategic Investment and Expansion Highlights
Infusion into Thailand Joint Venture
During the quarter, the Company infused equity of approximately INR 6.17 crores into its Joint Venture company, Fine Organic Industries (Thailand) Co. Ltd., to support ongoing business growth initiatives.
Incorporation of Subsidiary in UAE
Fine Organic Industries Limited incorporated a wholly owned subsidiary, Fine Organics FZE, in Dubai, UAE. This entity is tasked with establishing a local presence in GCC countries and enhancing overall supply chain efficiency.
US Manufacturing Setup
In Q2FY26, the Company incorporated Fine Organics Americas LLC in the United States to establish a new manufacturing plant. An equity investment of USD 1.12 million (approx. INR 9.6 crores) was made, and the subsidiary has already acquired approximately 159.9 acres of land in Jonesville, Union County, South Carolina.
Preference Share Issuance
The Wholly Owned Subsidiary (WOS), Fine Organic Industries (SEZ) Private Limited, issued Preference Shares amounting to INR 65 crores during Q2FY26 as part of its equity capital restructuring.
Source: BSE
