13h
The 93% jump that was really one acquisition
Fineotex Chemical's Q1 FY27 profit jumped 92.6% to Rs 48.21 crore. That looks great until you split it. A new 53.33% stake in US oilfield chemicals maker CrudeChem is now consolidated, lifting group revenue about 165% to Rs 376.63 crore. India's own standalone revenue fell about 13% to Rs 85.15 crore. Margins slipped too, with consolidated EBITDA margin down 268 bps to 15.70%. The read: real growth, but bought and lower-margin, while the India base softened.
For more such stories, go to www.indianpetrochem.com
