Finoetex H1 FY27 Income Climbs 166.8% to Rs 778.13 Crore

Finoetex Chemical Limited reported total income of Rs 778.13 crore for H1 FY27 ended September 30, 2026, up 166.8% year on year, while operating EBITDA rose 111.2% to Rs 118.74 crore. Revenue from operations increased to Rs 764.28 crore and consolidated business volumes grew approximately 132.3%.

How did Finoetex perform in H1 FY27?

Finoetex reported higher total income, operating EBITDA and profit after tax in H1 FY27 than in H1 FY26. Total income rose by Rs 486.49 crore to Rs 778.13 crore from Rs 291.64 crore, while operating EBITDA, defined by the company as earnings before interest, tax, depreciation and amortisation excluding other income, increased by Rs 62.52 crore to Rs 118.74 crore. Profit after tax rose 81.5% to Rs 92.75 crore from Rs 51.10 crore.

Revenue from operations increased faster than total income during the half year ended September 30, 2026. Revenue rose by Rs 489.50 crore, or 178.1%, to Rs 764.28 crore from Rs 274.78 crore in H1 FY26, compared with the 166.8% increase in total income. The release separately reports total income and revenue from operations, and calculates operating EBITDA excluding other income.

Finoetex’s H1 result included a similarly elevated Q2 FY27. Q2 total income was Rs 391.41 crore, up 169.1% from Rs 145.43 crore in Q2 FY26, while Q2 operating EBITDA rose 92.0% to Rs 59.59 crore from Rs 31.03 crore. Q2 profit after tax increased 70.8% to Rs 44.55 crore from Rs 26.08 crore.

What changed between income growth and operating EBITDA growth?

Finoetex’s H1 FY27 total income grew faster than operating EBITDA, at 166.8% versus 111.2%, respectively. Operating EBITDA margin, calculated against revenue from operations, was approximately 15.5% in H1 FY27. The release does not disclose an H1 FY26 operating EBITDA margin, so it does not provide a direct year-on-year margin comparison.

Gross profit was approximately Rs 247.27 crore in H1 FY27 against revenue from operations of Rs 764.28 crore. In Q2 FY27, gross profit was approximately Rs 113.87 crore and gross margin was 29.4%, while operating EBITDA margin was approximately 15.4%. The release does not provide a detailed cost bridge from gross profit to operating EBITDA.

The disclosed quarterly and half-year operating EBITDA margins were closely aligned at approximately 15.4% in Q2 FY27 and 15.5% in H1 FY27. Q2 operating EBITDA of Rs 59.59 crore was slightly more than half the H1 amount of Rs 118.74 crore, and Q2 revenue from operations of Rs 387.65 crore was also slightly more than half the H1 revenue figure of Rs 764.28 crore.

Which operating metrics supported Finoetex’s H1 FY27 results?

Finoetex said consolidated business volumes increased approximately 132.3% in H1 FY27 from the corresponding prior-year period. Revenue from operations increased 178.1% to Rs 764.28 crore, outpacing the stated volume increase. The release does not split H1 revenue or volume by product line, geography, or acquired business.

Finoetex reported consolidated return on invested capital, or ROIC, of approximately 36.12% for H1 FY27. The company disclosed this metric alongside operating EBITDA of Rs 118.74 crore and profit after tax of Rs 92.75 crore, but did not provide an H1 FY26 ROIC comparison or identify the capital base used in the calculation.

Finoetex’s specialty-chemicals platform covers oil and gas, water treatment, textile processing, and cleaning and hygiene. The company said its acquisition of a 53.33% controlling stake in U.S.-based CrudeChem Technologies Group added more than 100 engineered chemical solutions, manufacturing, application engineering and last-mile field services. The release does not assign H1 FY27 revenue, EBITDA or volume to the acquired business.

What expansion plans did Finoetex disclose?

Finoetex said it is developing its U.S. water and wastewater solutions business through Finoetex America Inc. for data centres, semiconductor manufacturing and other advanced industrial facilities. The intended offering covers specialised treatment chemistry, technical support and integrated water-management services for industrial water treatment, cooling-water systems, water reuse and wastewater management.

Finoetex said its American manufacturing platform, including Brookshire and Midland operations, has approximately 1,48,000 metric tonnes per annum of stated capacity. Management identified customer expansion, proprietary formulations, differentiated chemistry and execution-led growth as priorities for oilfield applications. The release does not disclose a commissioning timetable, capital-expenditure amount or capacity-utilisation level for these operations.

Finoetex also said it is developing cleaning and hygiene formulations for institutional, industrial and homecare applications, while textile specialty chemicals remain an established business foundation. The company serves customers across approximately 70 countries through more than 103 dealers and distributors in India. Its listed manufacturing locations include Brookshire and Midland in Texas, Selangor in Malaysia, and Ambernath and Mahape in Maharashtra.

What did management say about Finoetex’s outlook?

Management said the H1 FY27 results reflected Finoetex’s expanded operating scale, citing 166.8% growth in consolidated total income and 111.2% growth in operating EBITDA. Executive Director and Chief Financial Officer Sanjay Tibrewala said the company would pursue water and wastewater, oil and gas specialty chemicals, cleaning and hygiene, and textile opportunities with an emphasis on profitable growth, disciplined capital allocation and cash generation.

Executive Director Dr. Aarti Jhunjhunwala said management sees an opportunity to develop Finoetex into a broader globally integrated specialty chemicals and industrial solutions platform. Her comments described combining chemistry-led innovation with engineering, service and delivery capabilities as the business develops, rather than providing a quantified forecast. The November 14, 2026 release covers unaudited consolidated results for the quarter and half year ended September 30, 2026.

Conclusion

Finoetex’s H1 FY27 release shows revenue from operations rising 178.1% to Rs 764.28 crore, ahead of the approximately 132.3% increase in consolidated business volumes. Total income increased 166.8%, operating EBITDA rose 111.2%, and profit after tax increased 81.5% to Rs 92.75 crore, while the reported operating EBITDA margin was approximately 15.5%.

The next issues to watch are execution of the Finoetex America water and wastewater initiative for data-centre and semiconductor facilities, and development of the U.S. oilfield platform with approximately 1,48,000 metric tonnes per annum of stated capacity. The release does not disclose project spending, revenue targets, capacity utilisation or a timetable, leaving these matters for future updates.