Slides
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Investor Presentation February’ 26
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2 Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Fine Organic Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. This presentation contains certain forward looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the Company
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3 Expertise in Oleochemistry Making Things Better®️ An established and reputed international player of specialty additives, rooted in India A Technical Pinch of salt in the end product making a HUGE difference in the product performance We create Specialty additives for diverse applications, Solution-centric approach and Innovation-driven mindset Pioneered in developing wide range of specialty additives for a variety of applications that are connected to humans in their daily lives Leading producer of the widest range of additives for foods, polymers, feeds, cosmetics, coatings etc. We are omnipresent and form a part of your life in every way
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4 Why FINE additives are preferred? Green additives from FINE have successfully substituted potentially, harmful chemicals across various industries like plastics, packaging, food, cosmetics, rubbers, and coatings, while maintaining performance standards Increasing consumer awareness for environment has resulted in remarkable preference for ‘Green’ and ‘Sustainable’ products FINE additives are majorly bio- based, safe to use and bio- degradable; therefore, can offer the most effective benefits through ‘Sustainability’ combined with excellence in functionality and safety Minimized waste generation, effluent management through effective production process and stringent compliance to regulations 1 3 4 2 Demand for oleochemical derived additives is increasing
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High- Performance Environment -Friendly Additives
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6 Over 50 years of Journey Commenced Production at JVC in Thailand Incorporated WOS - Fine Organic Industries (SEZ) Pvt. Ltd. Incorporated WOS - Fine Organics Americas LLC Incorporated WOS, Fine Organics FZE,UAE 1973-1988 2001-2002 2005-2006 2008-2012 Established as ‘Fine Organic Industries’, a partnership firm by Late Shri Ramesh Shah and Late Shri Prakash Kamat Commissioned first food additives facility in Dombivli Set up second facility in Ambernath Commissioned facility at Badlapur Incorporated the company under the name of Fine Organic Industries (Mumbai) Pvt. Ltd. Established R&D Centre in Navi Mumbai Commissioned large manufacturing facilities in Ambernath Expanded capacity addition phase wise in Ambernath 2016-2017 2018-2021 2022-2025 Signed JV with Netherlands based bakery premix manufacturer Zeelandia International Incorporation of USA Subsidiary in 2014 Additional capacity expansion at Ambernath facility Amalgamated Fine Research and Development Centre Pvt Ltd and Fine Specialty Surfactants Pvt. Ltd. Incorporation of Europe subsidiary Initiated (IPO) and got listed on BSE and NSE New plant at Ambernath and Patalganga commissioned 1970 2014 -15 JVC - Joint Venture Company WOS – Wholly Owned Subsidiary
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7 Vision and Mission ✓ To become a preferred supplier of oleochemicals derived green additives globally VISION ✓ To use our expertise in oleochemistry and build a compelling portfolio of specialty green additives and ingredients for various end-user applications ✓ To expand infrastructure for research and manufacturing ✓ To develop a lean, empowered team that is aligned with the organisation’s core values MISSION ✓ Integrity To display trust, responsibility, and accountability in building lasting relationships with customers and stakeholders ✓ Execution Excellence To demonstrate pride, passion, and professionalism ✓ Customer-First To anticipate and fulfil customer needs ✓ Entrepreneurial Thinking To convert unconventional ideas into action with positive impact VALUES
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8 Principles of the Green Chemistry Concept 01 02 03 Fine Process Philosophy Safer Reaction Routes Design for Degradation Non-Hazardous Chemistry Fine Engineering Principles Better Energy Efficiency High Atom Economy Improved Reaction Kinetics Fine Operations Culture Near-Zero Solvents Pollution Monitoring and Control Waste Prevention over Treatment
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9 A Fine Family Employee Strength Women Employees Employees completed 25 years of journey with us 2nd Generation Employees Integrity is both a value as well as a character that is embedded in every Fine Organics employee, manifesting itself in every thought and action, every day with everyone 865+ 34% >11% >8% Creating and encouraging home grown leadership with the signature Fine Organics character comprising integrity, trust, fairness and strong values Integrity is both a value as well as a character that is embedded in every Fine Organics employee, manifesting itself in every thought and action, every day with everyone
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10 Strength Formulae for Success of FINE ORGANICS Strong R&D & Innovation led Business Diversified Product Portfolio Specialized Business Model Diversified Customer Base Highly Experienced Management Team Dominant Position 01 02 03 04 05 06 + = Technology Development Relentless Focus Innovative Products and Solutions
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11 1. Strong R&D : Innovative Approach Developing New Products Improving Process Technology Exploring New Markets Expanding Capacities Strong R&D Capabilities In-House Design and Engineering New Product Developments Specialty Additives for: ▪ Feed nutrition ▪ Foods ▪ CosPha ▪ Coatings ▪ Polymers ▪ Others Focus on ▪ Value Creation; Effective and Efficient technical support to customers ▪ Dedicated team of 35 Scientists and Technicians ▪ In-house capabilities for plant designing and engineering ▪ Minimize capital expenditures & quicker commissioning
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12 Fine’s facilities are fully geared towards meeting growing Global Demands With Industry Standards and Regulatory Credentials ▪ Setting new benchmarks in quality and consistency ▪ High safety and productivity standards ▪ Products are appreciated by customers worldwide for their consistent quality and packaging standards
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13 2. Diversified Product Portfolio : Multiple End-users 01 02 03 04 ▪ Pioneer in manufacturing of food emulsifiers in India ▪ Expanded its range to anti-fungal agents, bread improvers, beverage clouding agents etc. ▪ The diversity of oleochemistry has enabled us to develop a wide range of additives for polymers ▪ Our product range for CosPha (Cosmetics and Pharmaceuticals) applications serve as base ingredients ▪ They enhance appearance and use for endusers in skin care products like Creams, Lotions & Ointments etc ▪ Using our oleochemistry expertise, we have developed a line of functional additives and special formulations for several other industries, such as feed nutrition and coatings, etc.
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14 2. Diversified Product Portfolio : Multiple End-users Food Additives Additives for maintaining the quality and freshness of the food products, impart better product structure integrity and helps in increasing the shelf life of food products Polymer Additives Used for various functionalities in wide range of plastic products made from various polymers Additives for Coatings Emollients for Cosmetics Feed Nutrition Additives Specialty Additives Used as anti-settling agents, emulsifiers, thickening/anti- sagging agents, wetting and dispersing agents, defoamers, biocides and anti-mar waxes for use in coating applications. Capable of improving the appearance and durability of a coating Enables manufacturing of products with different structures like creams, gels, pastes, lotions etc. Aids in achieving long term physical stability for transport and storage. Increases sensory perception and the chemical stability of the sensitive active agents Replaces harmful antibiotics and improves feed efficiency and imparts several technical advantages to the end products A wide range of specialty performance additives for various industries
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15 3. Specialised Business Model : Entry Barriers Limited Players ▪ Limited & small players in Indian specialty additives market. Globally Few players which are very large ▪ Fine Organics : Largest organised player in the Indian market & is making its presence across the globe Customer Loyalty ▪ Lengthy & expensive product approval processes lead to high switching costs for customers. Due to this, customers rely on established suppliers, as performance ingredients are very critical to their end products ▪ Fine Organics: Eco-friendly oleo- derived green additives follow stringent quality parameters & regulations, governing the industry ▪ Complex technology & manufacturing processes create multiple entry barriers into the oleochemical derived green additives industry. Product formulations, innovation & process technology are time & capital intensive ▪ Fine Organics: Has an early-mover advantage in this industry and has successfully established its in-house manufacturing set up and has been consistently delivering quality product ▪ The additives have a direct impact on human life as well as the environment, thus necessitating stringent regulatory parameters ▪ Fine Organics: Eco-friendly oleo-derived green additives follow stringent quality parameters & regulations, governing the industry Complex Technology Highly Regulated
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16 4. Diversified Customer Base Map not to scale. All data, information and maps are provided “as is” without warranty or any representation of accuracy, timeliness or completeness Products 600+ Direct Customers 890+ Distributors 240+ End Users 5,400+ Countries 80+ Warehouses in USA & Europe As on 31st Mar’25
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17 5. Highly Experienced Board of Directors Mukesh Shah Chairman • Joined in 1973. Holds a Bachelor’s degree in Science • Played a key role in establishing quality control and marketing Jayen Shah Managing Director • Joined in 1986. Holds a Master’s degree in Science • Instrumental in creating a strong vendor-partner network Tushar Shah Executive Director and CEO • Joined in 1989 and led several initiatives like ERP, CRM, etc. • Key role in the development of the first slip additive facility Bimal Shah Executive Director • Joined in 2009. Holds a Bachelor’s degree in Science from Purdue University and a Master’s degree from Boston College • Led initiatives for new projects and processes Nikhil Kamat Executive Director • Joined in 1987, holds a Master’s of Science Degree in Biochemistry from ICT, Mumbai • Played a key role in operations, productions, planning, handling technical, environmental and regulatory tasks Prakash Apte Independent Director • On the Board since Nov 2017. Holds a Bachelor’s degree in Mechanical Engineering • Previously served as MD of Syngenta India Mahesh Sarda Independent Director • On the Board since Nov 2017. Qualified Chartered Accountant • Previously served as a Partner at Deloitte Haskins & Sells Thiruvengadam Parthasarathi Independent Director • On the Board since Nov 2017. Holds a BTech degree from IIT, Madras and Post Graduate in Industrial Engineering • Previously served as a Senior Director with Deloitte India Kaushik Shah Independent Director • On the Board since Jan 2018. Holds a Bachelor’s degree in Commerce and a Qualified Chartered Accountant • Previously served as MD of Fulford (India) Rashi Mehta Independent Director • Joined in 2024 • Holds degree in law and arts, Practicing legal professional having wide experience over 20 years in pivotal areas of law
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18 6. Dominant Position Pioneers and the largest manufacturers of oleochemical- based additives in India and a strong player globally Fully automated production facility multiple production sites One of the few global players in the specialty food emulsifiers One of the few global players in the specialty food emulsifiers One of the few leading players to develop proprietary technology to manufacture green additives
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19 Our Sustainable Value Creation Framework Financial Capital Intellectual Capital Manufacturing Capital Human Capital Social Capital Natural Capital We are dedicated to creating value for all stakeholders, including employees, shareholders, governments, and communities, by effectively deploying capital throughout our operations Investing in research and consumer insights is crucial for us. We utilise our R&D capabilities and proprietary technologies to develop innovative products that strengthen our brand Our manufacturing facilities are strategically located near ports to ensure efficient global distribution and enhanced customer service We prioritise the well- being and development of our 865+ employees. We foster a customer-focussed and highperformance culture based on our core values Sustainability and reputation management are integral to our business model. We are committed to creating value for our community, business, labour, and government stakeholders in all regions where we operate We prioritise the sustainable use of natural resources in our manufacturing processes. Our procurement strategies emphasise long-term sustainability and environmental impact mitigation
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20 Industry growth potential factors Industry ▪ Emulsifiers ▪ Anti-fungal agents ▪ Beverage cloudifier ▪ Anti-crystallisers ▪ Bakery products ▪ Confectionery ▪ Biscuits ▪ Oil and fats ▪ Dairy products ▪ Beverages ▪ Increased consumption ▪ Increased number of end-user applications ▪ People moving towards busy lifestyle ▪ Changing food habits FOOD ADDITIVES POLYMER ADDITIVES ▪ Lubricants ▪ Anti-fogging additives ▪ Anti-static additives ▪ Anti-scratch ▪ Processing aids ▪ Flow improvers ▪ Slip additives ▪ Dispersants ▪ Packaging films ▪ Bottle caps ▪ Wires & Cable ▪ Packaging ▪ Furniture ▪ Automobiles ▪ Pipes & Fittings ▪ Biodegradable plastic ▪ Replacing the use of conventional plastics ▪ Recycling of plastics ▪ Increased use of bioplastics ▪ Increased use of plastic as a substitute of other materials ▪ Demand for green polymer additives ▪ Development of performance polymer additives ▪ Increasing urbanisation and replacement of metal and wood ▪ Increased use of package materials Key Additives & Ingredients End-Use Applications Growth Drivers
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21 Industry growth potential factors FEED NUTRITION ADDITIVES ▪ Natural antibiotics ▪ Nutritional additives ▪ Anti-fungal additives ▪ Poultry feeds ▪ Cattle feeds ▪ Aquaculture ▪ Growing health and safety awareness in the food processing ▪ industry ▪ Increased demand for quality end products ▪ Growing awareness about the healthy products ▪ Lube additives ▪ Property modifiers ▪ Anti-corrosive additives ▪ Emulsifiers ▪ Wetting and dispersing agents ▪ Anti-mat additives ▪ Automotive lubricants ▪ Roads and highway ▪ Printing inks and Coatings for metal, papers etc ▪ Other specialty applications ▪ Increase in infra-projects ▪ Growth in automobile sales ▪ Increasing usage in industrial protective coating ▪ Growing e-commerce ▪ Increased demand for paint protecting coating ▪ Growth in niche products ▪ Increased use of specialty papers COATING AND SPECIALITIES COSPHA ADDITIVES ▪ Emulsifiers ▪ Emollients ▪ Green surfactants ▪ Creams, lotions ▪ Skin care ▪ Hair care ▪ Cleanser ▪ Home care ▪ Growth in Tier II and Tier III cities ▪ Increased demand for men’s cosmetics ▪ Growing demand for personal & home care products Industry Key Additives & Ingredients End-Use Applications Growth Drivers
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22 Financial Highlights
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23 Q3 & 9M FY26 Business Highlights Revenue Composition and Demand Trends • Exports accounted for around 53% of total revenue in Q3 FY26 and 54% for the nine-month period of FY26 while domestic demand accounted for 47% and 46% respectively • Overall demand remained stable during the quarter and for the nine-month period export markets showed steady performance while domestic demand showed improving performance Operating Environment and Cost Dynamics • Raw Material prices increased in the current year FY26 as compared to previous year FY25. There is a slight increase in raw material prices in Q3 as compared to Q2 • Freight costs have stabilized during the year and reduced further in Q3, mainly due to reduction in global sea freight rates New Labour Code: • The Government of India has notified the implementation of four new Labour Codes effective November 21, 2025, consolidating 29 existing labour laws. The supporting rules under these Codes are yet to be notified. • Based on a review of the provisions and an actuarial valuation of Gratuity, the Company has recognised an additional estimated provision of Rs. 711.42 lakhs towards past service cost in the financial results for the quarter and nine months ended December 31, 2025, in accordance with Ind AS 19 – Employee Benefits Infusion of Equity – Joint venture company in Thailand • During the quarter, the Company infused equity of about Rs 6.17 crores in its Joint Venture company Fine Organic Industries (Thailand) Co. Ltd. for business growth purposes Incorporation of WOS – FZE in UAE, Dubai • Fine Organic Industries Limited has incorporated a wholly owned subsidiary, Fine Organics FZE, in Dubai, UAE. The subsidiary aims to establish a local presence in GCC countries and enhance supply chain efficiency Infusion of Equity in WOS Fine Organic Industries (SEZ) Private Limited • In Q2FY26, the WOS Company issued Preference Shares amounting to Rs 65 crore as part of its equity capital structure Strategic Expansion – United States • In Q2FY26, the Company incorporated a wholly owned subsidiary, Fine Organics Americas LLC, in the United States to set up a manufacturing plant. An equity investment of USD 1.12 million (approximately ₹9.6 crore) has been made, and the subsidiary has acquired approximately 159.9 acres of land in Jonesville, Union County, South Carolina
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24 RM Prices Volatility 500 1000 1500 2000 2500 3000 3500 4000 4500 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 SOYA REFINED OIL RAPESEED EXP OIL PALMOLIEN COTTON REF OIL RICEBRAN REF OIL SUNFLOWER REF OIL GROUNDNUT OIL COCONUT OIL CASTOR OIL Price in Rs / 10 KG Source – RK Singhal (Vishwa Vyapar)
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25 Standalone Performance Highlights Rs in Crores 525 529 Q3FY25 Q3FY26 108 85 Q3FY25 Q3FY26 89 68 Q3FY25 Q3FY26 EBITDARevenues PAT #claim of Rs 6.98 crs as full and final settlement for business interruption from the insurance company 1,629 1,660 9MFY25 9MFY26 373 300 9MFY25 9MFY26 301 256 9MFY25 9MFY26#
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26 9M FY26 Standalone Operating Performance 17.1% 18.8% 25.8% 24.7% 10.3% 15.6% 21.1% 21.7% Rs in Crores 21.8% 20.0%17.7% 55% 45% FY21 60% 40% FY22 68% 32% FY23 52% 48% FY24 57% 43% FY25 9MFY26 Exports Domestic 1,121 1,858 3,029 1,951 2,205 46% 54% 1,660 +18% 192 349 781 481 481 300 FY21 FY22 FY23 FY24 FY25 9MFY26 +26% 115 251 591 368 390 256 FY21 FY22 FY23 FY24 FY25 9MFY26# +36% 162 291 638 424 441 293 FY21 FY22 FY23 FY24 FY25 9MFY26# +29% 13.5% 19.5% 18.8% 14.4% Rs in Crores Revenues EBITDA & Margins PAT & Margins Cash PAT & Margins 18.1% 15.4% 17.6% Cash PAT = NPAT + Depreciation #claim of Rs 6.98 crs as full and final settlement for business interruption from the insurance company
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27 Use of Capital (Standalone) 3.26x 2.34x 3.37x 5.40x 2.29x 3.21x 8.96x 7.77x 4.90x 7.10x 12.26x 7.39x 8.75x 3.16x FY20 FY21 FY22* FY23 FY24 FY25 H1FY26 -0.13x -0.24x -0.16x -0.31x -0.52x -0.40x -0.41x FY20 FY21 FY22 FY23 FY24 FY25 H1FY26 Net Debt = Total Long term debt + short term debt + current of maturities of long term debt – cash and bank balances Fixed Asset Turnover (Gross) = Net Revenue from Operations / Total Gross Block of Fixed Assets including Land Fixed Asset Turnover (Net) = Net Revenue from Operations / Total Net Block of Fixed Assets including Land x = no. of times *increased in Gross Block as Patalganga facility Phase 2 got commissioned in FY22 Net Cash Position Net Debt to Equity Fixed Asset Turnover
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28 Standalone Return Profile FY21 FY22 FY23 FY24 FY25 H1FY26# 17.55% 30.35% 47.34% 22.82% 19.37% 16.14% FY21 FY22 FY23 FY24 FY25 H1FY26# 15.55% 26.15% 38.80% 19.75% 17.57% 15.20% Return on Capital Employed = EBIT (excluding Other Income) / (Total Debt + Total Net worth) Return on Net Worth = Net Profit After Tax / Total Net Worth Return on Capital Employed Return on Net Worth # TTM Basis
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29 Standalone Profit & Loss Statement * Not Annualized for the quarter #Claim of Rs 6.98 crs as full and final settlement for business interruption from the insurance company Particulars (Rs in Crs) Q3FY26 Q3FY25 YoY Q2FY26 QoQ 9MFY26 9MFY25 YoY FY25 Revenue from Operations 528.6 525.1 0.7% 571.9 -7.6% 1,659.7 1,628.9 1.9% 2,205.2 Cost of Raw Material Consumed 341.5 322.4 363.2 1,052.7 970.1 1,331.8 Gross Profit 187.0 202.7 -7.7% 208.7 -10.4% 606.9 658.9 -7.9% 873.4 Gross Profit Margin 35.4% 38.6% 36.5% 36.6% 40.4% 39.6% Employee Cost 43.3 31.0 35.0 116.0 93.8 128.6 Other Expenses 59.2 63.8 65.4 190.8 192.2 263.7 EBITDA 84.6 107.9 -21.6% 108.3 -21.9% 300.1 372.9 -19.5% 481.1 EBITDA Margin 16.0% 20.6% 18.9% 18.1% 22.9% 21.8% Other Income 20.1 25.2 33.9 79.9 71.0 96.6 Depreciation 12.8 13.1 12.3 36.3 37.4 51.4 EBIT 91.9 120.1 -23.5% 129.9 -29.3% 343.7 406.5 -15.5% 526.3 EBIT Margin 17.4% 22.9% 22.7% 20.7% 25.0% 23.9% Finance Cost 0.4 0.4 0.4 1.3 1.2 1.7 Exceptional Items - - - 7.0 - - PBT 91.5 119.7 -23.6% 129.5 -29.4% 349.4 405.4 -13.8% 524.6 PBT Margin 17.3% 22.8% 22.6% 21.1% 24.9% 23.8% Tax 23.4 30.7 34.2 93.1 104.2 135.0 PAT 68.1 89.0 -23.5% 95.3 -28.6% 256.3 301.1 -14.9% 389.7 PAT Margin % 12.9% 17.0% 16.7% 15.4% 18.5% 17.7% Other Comprehensive Income 2.7 -0.0 -6.2 -9.4 -0.7 -2.3 Total Comprehensive Income for the year / period 70.8 89.0 -20.4% 89.1 -20.5% 246.9 300.5 -17.8% 387.3 EPS* 22.22 29.03 31.10 83.60 98.21 127.09
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30 Consolidated Performance Highlights Rs in Crores EBITDARevenues PAT 517 555 Q3FY25 Q3FY26 103 94 Q3FY25 Q3FY26 83 74 Q3FY25 Q3FY26 #claim of Rs 6.98 crs as full and final settlement for business interruption from the insurance company 1,662 1,740 9MFY25 9MFY26 393 353 9MFY25 9MFY26 313 300 9MFY25 9MFY26#
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31 9M FY26 Consolidated Operating Performance 1,133 1,876 3,023 2,123 2,269 1,740 FY21 FY22 FY23 FY24 FY25 9MFY26 +19% 198 364 831 534 513 353 FY21 FY22 FY23 FY24 FY25 9MFY26 27% 167 300 666 468 463 338 FY21 FY22 FY23 FY24 FY25 9MFY26# +29% 120 260 618 412 410 300 FY21 FY22 FY23 FY24 FY25 9MFY26# +36% Cash PAT = NPAT + Depreciation 17.5% 19.4% 27.5% 25.2% 10.6% 13.8% 20.4% 19.4% 14.7% 16.0% 22.0% 22.1% Rs in Crores 22.6% 20.4%18.1% Revenues EBITDA & Margins PAT & Margins Cash PAT & Margins 20.3% 17.2% 19.4% #Claim of Rs 6.98 crs as full and final settlement for business interruption from the insurance company
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32 Use of Capital (Consolidated) Net Debt = Total Long term debt + short term debt + current of maturities of long term debt – cash and bank balances Fixed Asset Turnover (Gross) = Net Revenue from Operations / Total Gross Block of Fixed Assets including Land Fixed Asset Turnover (Net) = Net Revenue from Operations / Total Net Block of Fixed Assets including Land x = no. of times *increased in Gross Block as Patalganga facility Phase 2 got commissioned in FY22 -0.47 FY21 FY22 FY23 FY24 FY25 H1FY26 -0.23x -0.18x -0.32x -0.55x -0.41x 2.37x 3.40x 5.19x 3.25x 2.77x 2.80x 4.95x 7.17x 12.24x 8.04x 6.11x 6.31 FY21 FY22* FY23 FY24 FY25 H1FY26 Net Debt to Equity Fixed Asset Turnover Net Cash Position
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33 Consolidated Return Profile Return on Capital Employed = EBIT (excluding Other Income and including share of profit / (loss) of JV (net of tax)) / (Total Debt + Total Net worth) Return on Net Worth = Net Profit After Tax / Total Net Worth FY21 FY22 FY23 FY24 FY25 H1FY26 18.41% 31.80% 49.82% 24.74% 20.03% 17.17% FY21 FY22 FY23 FY24 FY25 H1FY26 16.45% 27.09% 40.10% 21.44% 17.88% 15.80% Return on Capital Employed Return on Net Worth # TTM Basis
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34 Consolidated Profit & Loss Statement * Not Annualized for the quarter #claim of Rs 6.98 crs as full and final settlement for business interruption from the insurance company Particulars (Rs in Crs) Q3FY26 Q3FY25 YoY Q2FY26 QoQ 9MFY26 9MFY25 YoY FY25 Revenue from Operations 554.8 516.8 7.3% 597.3 -7.1% 1,740.5 1,662.4 4.7% 2,269.1 Cost of Raw Material Consumed 343.8 310.9 349.0 1,043.3 962.0 1,328.6 Gross Profit 211.1 206.0 2.5% 248.3 -15.0% 697.2 700.4 -0.5% 940.6 Gross Profit Margin 38.0% 39.9% 41.6% 40.1% 42.1% 41.5% Employee Cost 45.0 32.8 37.4 122.1 97.9 135.2 Other Expenses 71.7 70.4 75.8 221.9 209.2 292.6 EBITDA 94.4 102.7 -8.2% 135.2 -30.2% 353.1 393.3 -10.2% 512.9 EBITDA Margin 17.0% 19.9% 22.6% 20.3% 23.7% 22.6% Other Income 21.1 25.4 21.1 82.1 71.8 97.6 Depreciation 13.8 13.1 12.8 38.4 37.5 52.3 EBIT 101.7 115.0 -11.6% 143.5 -29.1% 396.8 427.7 -7.2% 558.2 EBIT Margin 18.3% 22.3% 24.0% 22.8% 25.7% 24.6% Finance Cost 0.5 0.4 0.4 1.4 1.5 2.2 Share of profit/(loss) of joint ventures (net of tax} -0.5 -0.0 -1.0 -2.2 -1.0 -0.8 Exceptional Items - - - 7.0 - - PBT 100.8 114.6 -12.1% 142.0 -29.0% 400.1 425.2 -5.9% 555.2 PBT Margin 18.2% 22.2% 23.8% 23.0% 25.6% 24.5% Tax 26.8 31.9 33.5 100.6 111.9 144.7 PAT 73.9 82.7 -10.6% 108.5 -31.9% 299.6 313.4 -4.4% 410.5 PAT Margin % 13.3% 16.0% 18.2% 17.2% 18.9% 18.1% Other Comprehensive Income 2.7 -0.0 -6.2 -9.4 -0.7 -2.4 Total Comprehensive Income for the year / period 76.7 82.7 -7.3% 102.3 -25.1% 290.2 312.7 -7.2% 408.1 EPS* 24.11 26.97 35.40 97.71 102.21 133.9
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THANK YOU Company: CIN: L24119MH2002PLC136003 Ms. Sonali Bhadani Chief Financial Officer investors@fineorganics.com Investor Relations Advisors: CIN: U74140MH2010PTC204285 Mr. Mandar Chavan / Mr. Rahul Agarwal +91 9699382195 / +91 9821438864 Email: mandar.chavan@sgapl.net / rahul.agarwal@sgapl.net www.sgapl.net