Fine Organic Industries Limited has informed the Exchange regarding a press release dated February 13, 2026, titled "Q3 & 9M FY26 Performance Highlights".
FINEORG · price
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Fine Organic Industries reported Q3 FY26 revenue of Rs 554.8 Cr, up 7.3% year-on-year but down 7.1% from the previous quarter. However, profitability took a hit with EBITDA falling 8.2% YoY to Rs 94.4 Cr and PAT declining 10.6% YoY to Rs 73.9 Cr, as EBITDA margins compressed sharply to 17.0% from 19.9% a year ago. For 9M FY26, revenue grew 4.7% YoY to Rs 1,740.5 Cr, but EBITDA slipped 10.2% to Rs 353.1 Cr due to higher raw material costs. The company highlighted international expansion moves, including equity infusion in a Thailand joint venture, a new wholly-owned subsidiary in Dubai (Fine Organics FZE), and a US subsidiary (Fine Organics Americas LLC) that has acquired ~160 acres in South Carolina for a manufacturing plant. An additional Rs 7.11 Cr provision was booked for past service cost under the new Labour Codes notified in November 2025.
Margins are under clear pressure from rising input costs despite steady revenue growth, which could weigh on the stock in the short term. However, the aggressive international expansion (US, UAE, Thailand) signals management's confidence in long-term growth, which may support the stock over time.