Fineotex Chemical Limited has informed the Exchange about Transcript
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Fineotex Chemical reported a 46% YoY jump in Q3 FY26 revenue to INR190 crore, driven by the December 2025 acquisition of US-based CrudeChem Technologies Group, which added two plants, ~80,000 metric tons of capacity, and a portfolio of 90+ specialty chemicals for oil and gas. Exports surged to 48% of revenue from 25% in the prior quarter. The company holds ~INR340 crore in cash and remains debt-free. Promoter confidence was reaffirmed with INR17.3 crore from warrant conversion. Revenue mix is now 55% textiles, 15% cleaning and hygiene, 30% specialty oilfield. Management reiterated its $200 million revenue target by 2030, expects to cross INR1,000 crore in FY27, and sees oil and gas rising to 45–50% of the business mix.
Positive for shareholders — strong revenue growth, debt-free balance sheet, and a meaningful US acquisition position the company to benefit from improving India-US/UK/EU trade dynamics. Margin pressure in the near term (gross margin slipped from 38% to 36%) is largely a temporary effect of CrudeChem integration, with management guiding for double-digit EBITDA at CrudeChem going forward.