Fineotex Chemical Management Guidance Tracker

Management expects second half to be stronger than first half, driven by textile recovery and oil & gas ramp-up.

Management is confident of securing significant orders from Indian government for Aqua Strike in the second half of FY26.

Management expects consolidated revenue to exceed ₹1,000 crore in the next financial year, driven by CCT full-year contribution and textile recovery.

Management revised the CCT revenue target from 2030 to FY28, with Q4 FY26 as the baseline run-rate of ~$90-100 million.

Management guided for a minimum 15% year-on-year growth rate going forward, assuming geopolitical conditions improve.

Oil & gas segment (including CCT) is expected to account for 45-50% of total revenue going forward.

Management indicated that historical EBITDA margins average 22-23%, and they expect to maintain similar levels.

CCT's EBITDA margins, historically around 7-8%, are expected to improve to double digits due to capital infusion and better procurement.

Management expects blended EBITDA margins to improve to 18-20% in the near term, possibly within FY27.

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.

CCT's manufacturing capacity is being doubled with $7 million capex already deployed; new machines being installed.

Agreement to acquire an additional 25% stake from founders by January 2028, increasing ownership to ~79-80%.