Mumbai: Specialty chemical manufacturer Fineotex Chemical Limited has seen its consolidated net profit rise 93% year-on-year for Q1 FY 27 as the company worked toward enhancing manufacturing capacity and strengthening its execution capabilities. Along with this, the company’s operating income also jumped 164.48% to ₹386.72 crore for the quarter, with its EBITDA rising 134.69% to ₹59.14 crore. The company commissioned the expansion of its Texas facility, taking its total manufacturing capacity to about 1,48,000 MTPA.
Fineotex Chemicals has successfully integrated its US-based CrudeChem Technologies acquisition into itself, strengthening its presence in the oil and gas specialty chemicals sector.
“We delivered a strong start to FY27 with healthy growth in both revenues and profitability, supported by the successful integration of our oilfield specialty chemicals business. The acquisition has significantly enhanced our presence in the global oil & gas chemicals market and contributed meaningfully to the Company’s overall performance. During the quarter, CrudeChem continued to benefit from improved operational efficiencies, higher capacity utilisation and stronger execution capabilities, enabling us to build a more scalable and profitable business. As we continue to integrate the business and realise operational synergies, we remain confident of sustaining our margin profile while creating long-term value for our stakeholders.” Mr. Sanjay Tibrewala, Executive Director and CFO, Fineotex Chemical, said in a press release.
“Our core domestic business continued to perform well during the quarter, backed by healthy demand across key end-user industries and the strength of our diversified specialty chemicals portfolio. Despite volatility in global raw material prices, we successfully managed input cost inflation through effective pricing actions while maintaining healthy margins and customer relationships. We also commissioned a major capacity expansion at our U.S. manufacturing facility, strengthening our ability to serve larger customer requirements and support future growth in the North American oilfield chemicals market. Going forward, we remain focused on expanding our global footprint, enhancing our product offerings and leveraging our integrated platform to capitalise on emerging opportunities across our key business segments.” Ms. Aarti Jhunjhunwala, Executive Director, Fineotex Chemical, added.
