Fine Organic Industries Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a consolidated net profit of ₹41,707.40 lakh for the fiscal year. Furthermore, the Board recommended a final dividend of ₹11 per equity share and approved the strategic acquisition of an 80% stake in Malaysia-based Oleofine Organics SDN. BHD. to bolster its global growth strategy.
Financial Highlights
For the financial year ended March 31, 2026, Fine Organic Industries reported a robust performance with consolidated revenue from operations reaching ₹2,36,579.78 lakh, compared to ₹2,26,914.79 lakh in the previous year. The consolidated net profit for the year stood at ₹41,707.40 lakh. For the quarter ended March 31, 2026 (Q4), the company recorded a revenue of ₹62,532.36 lakh and a net profit of ₹11,748.88 lakh.
Dividend Recommendation
The Board of Directors has recommended a final dividend of ₹11 per equity share (with a face value of ₹5 each) for the financial year ended March 31, 2026. This dividend is subject to the approval of shareholders at the upcoming 24th Annual General Meeting, which is scheduled for August 18, 2026. The company has fixed July 31, 2026, as the record date for the payment of the dividend.
Strategic Expansion into Malaysia
In a major expansion move, the company has approved the acquisition of an 80% stake in the Malaysia-based Oleofine Organics SDN. BHD. (OFM). This acquisition, valued at approximately 34.21 million RM (roughly ₹82.86 crore), is designed to strengthen the company’s footprint in the specialty chemicals market. OFM, which has been in operation since 1988, reported a turnover of 23.29 million RM for the financial year ended January 31, 2026. The acquisition is expected to be completed within three months.
Leadership Update
The Board has also appointed Mr. Shailendra Nadkarni as an Additional Director in the capacity of Non-executive Independent Director for a term of five years, effective May 19, 2026. Mr. Nadkarni brings over 31 years of extensive banking experience, having previously served as the Executive Director of IDBI Bank.
Source: BSE
