Filter announcements
Loading...
Fine Organic Industries is engaged in and outside India as manufacturers, processors, suppliers, distributors, dealers, importers, exporters of wide range of oleochemical-based additives used in foods, plastics, cosmetics, coatings and other specialty application in various industries.
Fine Organic's 80% stake acquisition in Malaysia-based Oleofine Organics is now expected to complete three months later due to procedural requirements. All other acquisition terms remain unchanged.
Fine Organic Q1FY27 revenue climbed 18% to ₹694.2 Cr, PAT increased 18% to ₹138.1 Cr, and EBITDA jumped 42.4% to ₹176.0 Cr. Demand remained stable. Utility costs rose due to geopolitical events. An insurance claim of ₹4.35 Cr for prior damage was settled.
Fine Organic approved Q4/FY26 financial results. Net Profit (Consol.) 417.07 Cr. Proposed ₹11/share dividend. Acquiring 80% of Malaysia's Oleofine Organics for ~₹82.86 Cr to boost specialty chemicals. A new Independent Director was appointed.
Fine Organics reported Q3FY26 revenue of 554.8 Cr, up 7.3% YoY, but PAT fell 10.6% to 73.9 Cr. Margins compressed due to higher raw material costs. Company expanded globally, with a new US plant site acquired for 9.6 Cr, a UAE subsidiary, and equity in Thailand JV for 6.17 Cr.
Fine Organic received warning letters from NSE & BSE because its Risk Management Committee met only once in the last financial year. There is no financial impact or penalties, and the company stated it will ensure future compliance.