Fine Organic Industries (FINEORG) Q3 25/26 earnings summary

Executive summary

• Exports contributed 53% of Q3 FY26 revenue and 54% for the nine-month period, with stable demand and improving domestic performance.

• Standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2025, were approved and reviewed without qualification by the audit committee and board.

• No material misstatements or audit qualifications were noted in the limited review reports for both standalone and consolidated results.

• Raw material prices increased year-over-year, but freight costs declined due to lower global sea freight rates.

• Strategic expansions included equity infusion in a Thailand JV, incorporation of subsidiaries in the UAE and US, and land acquisition in South Carolina.

Financial highlights

• Standalone Q3 FY26 revenue was ₹529 crore (INR 52,858.64 lakhs), up slightly from ₹525 crore in Q3 FY25; PAT was ₹68 crore (INR 6,811.82 lakhs), down from ₹89 crore.

• 9M FY26 standalone revenue reached ₹1,660 crore, with PAT at ₹256 crore (INR 25,631.15 lakhs).

• Consolidated Q3 FY26 revenue was ₹555 crore (INR 55,480.40 lakhs), with PAT at ₹74 crore (INR 7,393.47 lakhs).

• 9M FY26 consolidated revenue was ₹1,662 crore, with PAT at ₹300 crore (INR 29,958.55 lakhs).

• EBITDA margins declined year-over-year: standalone Q3 FY26 at 16.0% (vs 20.6%), consolidated at 17.0% (vs 19.9%).

Outlook and guidance

• Export markets are expected to remain steady, with domestic demand showing signs of improvement.

• The company is expanding its global footprint through new subsidiaries and manufacturing capacity.

• Management continues to monitor the impact of new labour codes and will adjust provisions as rules are finalized.