FOFine Organic Industries541557Quarterly results

Board approves September-quarter results; SEZ subsidiary investment limit raised to Rs. 420 crores

Board met on November 2, 2026 and approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.

By ScoutQuest · Mon 2 Nov 2026, 4:52 PM IST · 2 min read

Revenue from operations - Quarter

Rs. 693.49 crore

Net profit - Quarter

Rs. 135.14 crore

Investment limit in SEZ subsidiary raised

by Rs.120 crores, from Rs. 300 crores to Rs. 420 crores

Quarter and half year results

The board met on November 2, 2026 and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The statutory auditors, CNK & Associates LLP, issued a limited review report with an unmodified conclusion on both the standalone and consolidated results. A limited review is narrower in scope than a full audit.

• Revenue from operations for the quarter was Rs. 693.49 crore and net profit for the quarter was Rs. 135.14 crore.
• Basic earnings per share for the quarter was Rs. 44.08.
• For the half year, revenue from operations was Rs. 1,361.56 crore and net profit was Rs. 270.64 crore.

Investment in the wholly owned SEZ subsidiary

The board approved an increase in the investment limit in Fine Organic Industries (SEZ) Private Limited, a wholly owned subsidiary, by Rs.120 crores. This raises the overall investment from Rs. 300 crores to Rs. 420 crores, to be put in through one or more tranches by subscribing to equity shares, preference shares or a combination of the two. The stated purpose is setting up a manufacturing unit.

• This is money going from the parent company into its own subsidiary, so it is an intra-group capital commitment rather than a purchase of an outside business.
• The route is subscription to shares of the subsidiary, which is how a parent funds a project inside a wholly owned company.
• The subsidiary is already part of the consolidated accounts, so its operations sit within the group numbers.

Group structure and the Oleofine acquisition

The consolidated results cover the holding company together with its subsidiaries and joint venture, including Fine Organic Industries (SEZ) Private Limited, Fine Organics (USA) Inc., Fine Organics Americas LLC, Fine Organics Europe BV, Fine Organics FZE, Fine Organic Industries (Thailand) Co. Limited, Oleofine Organics SDN. BHD. and Fine Zeelandia Private Limited.

A note to the results states that during the quarter the company acquired a majority equity stake in Oleofine Organics Sdn. Bhd., and along with that acquisition obtained additional indirect controlling interest in Fine Organic Industries (Thailand) Co., Ltd. over and above its existing holding. Both became subsidiaries with effect from September 9, 2026, which is why the consolidated numbers now include them.

What a retail investor can take away

• The announcement carries two separate things: the routine quarterly and half-year results, and a fresh capital commitment into the company's own manufacturing subsidiary.
• The results are unaudited and have been reviewed by the auditors, not fully audited.
• The subsidiary investment has been approved by the board and is to be funded in tranches, so it plays out over time rather than in one go.

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