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Revenue
₹184 Cr
verified against source
Revenue YoY
46%
reported change
EBITDA
Pending
latest reported figure
Source
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record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Fineotex Chemical delivered a strong Q3 FY26 with revenue surging 46% YoY to ₹190 crore, driven by the acquisition of Crude Chem Technology (CCT) and improving demand in textiles and oil & gas. Export share jumped to 48% from 25% last quarter, reflecting successful international expansion. The company maintained a debt-free balance sheet with ₹340 crore cash and received ₹35.68 crore from warrant conversions. Management guided for ₹1,000 crore+ revenue in FY27, with oil & gas expected to contribute 45-50% of sales. Capacity utilization stands at 64%, with 39% volume growth YoY. Risks include integration challenges at CCT and potential margin pressure from textile pricing rollbacks.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects consolidated revenue to exceed ₹1,000 crore in the next financial year, driven by CCT full-year contribution and textile recovery.
- Oil & gas segment (including CCT) is expected to account for 45-50% of total revenue going forward.
- CCT's EBITDA margins, historically around 7-8%, are expected to improve to double digits due to capital infusion and better procurement.
- Capital expenditure for CCT expansion and other projects is expected to be around ₹70-80 crore (less than $10 million) over the next 1.5-2 years.
Risks flagged
- CCT was consolidated for only 15 days in Q3; achieving double-digit margins may take longer than expected due to integration complexities.
- Management provided discounts to textile customers during the tariff uncertainty and plans to roll them back from March 2026, which could impact customer retention.
- Domestic revenue remained flat YoY at ~₹95.6 crore, indicating limited organic growth in the home market despite new capacity.
- Textile recovery hinges on favorable US tariff resolution; any reversal or delay could impact expected order book improvement.
Key quotes
- This acquisition is fully aligned with our communicated growth plan and a long-term strategy of expanding into technology-driven specialty segments.
- Our export shares has increased significantly to 48% in quarter 3 financial year 26 from 25% last quarter demonstrating our growing international presence and traction.
- I'm very sure in the next financial year we are going to be 1,000 cr plus company in terms of businesses so that's given from your own derivations.
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