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Maximus International Limited, a specialty lubricants and petroleum products maker, announced its audited FY26 results. Consolidated revenue grew 18% to ₹1,848 Mn from ₹1,569 Mn, EBITDA rose 14% to ₹173 Mn, and PBT grew 7% to ₹111 Mn. Net Worth jumped nearly 21% to ₹871 Mn, reflecting strong balance sheet expansion. Q4 FY26 was a standout quarter, with revenue up 29% sequentially to ₹560 Mn, EBITDA up 26% QoQ and 42% YoY, and PAT up 12% QoQ to ₹22 Mn. The company also made significant capital investments during the year for plant modernization and infrastructure expansion, aimed at supporting future growth.
Solid double-digit revenue growth, sequential acceleration in Q4, and expanding net worth are positive signs likely to lift investor sentiment. However, modest PAT growth (only 2% YoY for the full year) suggests margins are under pressure from rising costs or capex-related depreciation, which investors should watch.