NGL Fine-Chem profit jumps 128% on strong domestic and export demand
Consolidated revenue rose 36% to ₹500.95 crore, while India sales more than doubled, lifting net profit to ₹48.13 crore.
— 4 earlier stories on NGL Fine-Chem Ltd. →What's new
- Consolidated revenue climbed 36% to ₹500.95 crore for the year ended March 31, 2026.
- Net profit surged 128% to ₹48.13 crore, outpacing revenue growth.
- India revenue more than doubled to ₹157.90 crore; rest-of-world jumped 78%.
Why this matters
Profit growth far outstripped revenue, pointing to a significant margin expansion. The India market, once a smaller part of the revenue mix, is now growing at a pace that alters the company's geographic dependency.
What we're watching
- Whether the domestic surge represents a structural shift or a cyclical inventory build.
- How the flat ₹1.75 dividend against a 128% profit jump affects shareholder returns.
- Growth sustainability in Asia Pacific, which lagged other regions at 28%.
The full read
NGL Fine-Chem delivered a year where profit grew 128% to ₹48.13 crore, far outpacing the 36% rise in consolidated revenue to ₹500.95 crore. The numbers suggest a sharp margin expansion. The standout was India, where revenue more than doubled to ₹157.90 crore. That market, once a minor part of the mix, is now growing faster than the export base, which still dominates. Rest-of-world sales jumped 78% to ₹190.94 crore, while Asia Pacific grew 28%. The auditors signed off cleanly. The dividend stayed at ₹1.75 per share, so the payout ratio shrank even as cash generation improved. The question is whether the domestic acceleration is a permanent shift or a one-year cycle.
Questions answered
- What caused profit to grow much faster than revenue?
- The gap implies a strong expansion in operating margins, likely driven by the faster growth of domestic sales, which typically carry different margin characteristics than exports.
- How did each geography contribute to the top line?
- India was the standout, with revenue more than doubling to ₹157.90 crore. Rest of the world grew 78% to ₹190.94 crore, while Asia Pacific rose 28% to ₹144.45 crore.
- What does the unchanged dividend signal?
- The board recommended a final dividend of ₹1.75 per share, unchanged from the prior year. Given profit more than doubled, this cuts the payout ratio sharply.
- Was the audit opinion clean?
- Yes, the auditors issued an unmodified opinion on the consolidated results.
NGL Fine-Chem Ltd.
Latest quarter · Mar 2026
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All notes on NGLFINE →- 21 May 2026 · 9:41 PM IST NGL Fine-Chem profit jumps 128% on strong domestic and export demand
- 51d ago NGL Fine-Chem profit jumps 128% as India revenue more than doubles
- 51d ago NGL Fine-Chem profit more than doubles to ₹48 cr on broad-based demand
- 52d ago NGL Fine-Chem profit surges 128% on broad geographic growth
- 52d ago NGL Fine-Chem profit surges 128% as Indian revenue doubles