Fineotex Chemical Limited has informed the Exchange regarding a press release dated May 16, 2026, titled "Press Release for the financial Result for the quarter and year ended March 31, 2026 ".
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Fineotex Chemical reported exceptional Q4 FY26 results with consolidated revenue of ₹313.73 crore, up 162% year-on-year, driven by the recently acquired U.S. oilfield specialty chemicals business CrudeChem Technology. PAT grew 118% to ₹43.79 crore while EBITDA increased 105% to ₹43.69 crore. For the full year FY26, revenue rose 45% to ₹772.23 crore and PAT grew 14% to ₹125.01 crore. The company has expanded in the U.S. with a new 15-acre facility in Midland, Texas (Permian Basin) with 80,000 MTPA capacity, and doubled CrudeChem's manufacturing capacity. Management credited successful integration of the acquisition for improved operational efficiency and margin expansion.
Strong quarter with over 100% growth in revenue and profits; the CrudeChem acquisition is driving significant topline growth and the company appears well-positioned for larger contracts in the U.S. oilfield chemicals market.