Vinati Organics FY26 Net Profit Rises; Board Recommends Dividend, Results Published
Vinati Organics reported standalone net profit of ₹487.78 crore for FY26, up from ₹415.23 crore in FY25, with total standalone income at ₹2,280.79 crore. Consolidated net profit rose to ₹443.74 crore from ₹405.25 crore. The Board recommended a final dividend of Rs. 8.50 per equity share, and the audited results were published in Business Standard and Sakal on May 13, 2026, in compliance with SEBI Regulation 47.

*this image is generated using AI for illustrative purposes only.
Vinati Organics Limited's Board of Directors, at its meeting held on May 12, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The statutory auditors, M. M. Nissim & Co. LLP, issued audit reports with unmodified opinions on both standalone and consolidated financial results. The Board also recommended a final dividend of Rs. 8.50 per equity share of face value Re. 1/- each (850%) for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing 37th Annual General Meeting. In compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published extracts of its audited financial results in the following newspapers on May 13, 2026:
| Sr. No.: | Newspaper | Date of Publication |
|---|---|---|
| 1. | Business Standard (English) | May 13, 2026 |
| 2. | Sakal (Marathi) | May 13, 2026 |
The published results contain a Quick Response (QR) code and details of the webpage where complete financial results are available. The full format of the financial results is also accessible on the websites of BSE and NSE at www.bseindia.com and www.nseindia.com respectively, and on the company's website at www.vinatiorganics.com .
Standalone Financial Performance
On a standalone basis, Vinati Organics delivered a notable improvement in profitability for the full year ended March 31, 2026. Standalone net profit from continuing operations rose to ₹487.78 crore in FY26 from ₹415.23 crore in FY25. Total income for the year stood at ₹2,280.79 crore, compared to ₹2,292.39 crore in the previous year. The following table summarises the key standalone financial metrics:
| Metric: | Q4 FY26 (31/03/2026) | Q3 FY26 (31/12/2025) | Q4 FY25 (31/03/2025) | FY26 | FY25 |
|---|---|---|---|---|---|
| Revenue from Operations (₹ Crore): | 610.55 | 529.14 | 648.45 | 2,228.22 | 2,248.10 |
| Other Income (₹ Crore): | 20.50 | 8.84 | 6.14 | 52.57 | 44.29 |
| Total Income (₹ Crore): | 631.05 | 537.98 | 654.59 | 2,280.79 | 2,292.39 |
| Total Expenses (₹ Crore): | 452.36 | 392.60 | 485.22 | 1,632.25 | 1,744.16 |
| Profit before Tax (₹ Crore): | 178.69 | 145.38 | 169.37 | 648.54 | 548.23 |
| Net Profit – Continuing Operations (₹ Crore): | 137.51 | 108.47 | 127.57 | 487.78 | 415.23 |
| Basic EPS (₹): | 13.26 | 10.46 | 12.31 | 47.05 | 40.05 |
| Diluted EPS (₹): | 13.26 | 10.46 | 12.31 | 47.05 | 40.05 |
Total expenses on a standalone basis declined to ₹1,632.25 crore in FY26 from ₹1,744.16 crore in FY25, driven primarily by a reduction in cost of materials consumed from ₹1,182.29 crore to ₹1,066.53 crore. Employee benefits expenses increased to ₹163.81 crore from ₹137.99 crore, while depreciation rose to ₹91.99 crore from ₹80.75 crore, reflecting ongoing capital investments.
Consolidated Financial Performance
The consolidated results for the year ended March 31, 2026 include Vinati Organics Limited as the holding company along with its wholly owned subsidiaries — Veeral Organics Private Limited (India), Vinati Organics USA INC (USA), and Mrs. Kavita Vinod Saraf Foundation (Trust) (India). Consolidated net profit from continuing operations for FY26 stood at ₹443.74 crore, compared to ₹405.25 crore in FY25. On a quarterly basis, Q4 FY26 consolidated revenue stood at ₹6.04B rupees versus ₹6.5B in the same period last year, while consolidated net profit came in at ₹1.24B rupees compared to ₹1.23B year-on-year. Q4 FY26 EBITDA was ₹1.7B rupees against ₹1.8B in Q4 FY25, with the EBITDA margin improving to 28.2% from 27.82% year-on-year.
| Metric: | Q4 FY26 (31/03/2026) | Q3 FY26 (31/12/2025) | Q4 FY25 (31/03/2025) | FY26 | FY25 |
|---|---|---|---|---|---|
| Revenue from Operations (₹ Crore): | 603.92 | 530.78 | 648.46 | 2,226.89 | 2,248.17 |
| Other Income (₹ Crore): | 20.39 | 8.86 | 6.16 | 52.64 | 44.31 |
| Total Income (₹ Crore): | 624.31 | 539.64 | 654.62 | 2,279.53 | 2,292.48 |
| Total Expenses (₹ Crore): | 464.11 | 403.50 | 490.72 | 1,684.79 | 1,756.30 |
| Profit before Tax (₹ Crore): | 160.20 | 136.14 | 163.90 | 594.74 | 536.18 |
| Net Profit – Continuing Operations (₹ Crore): | 123.86 | 100.83 | 123.04 | 443.74 | 405.25 |
| Basic EPS (₹): | 11.95 | 9.73 | 11.87 | 42.80 | 39.09 |
| Diluted EPS (₹): | 11.95 | 9.73 | 11.87 | 42.80 | 39.09 |
The following table highlights the key Q4 FY26 consolidated operating metrics on a year-on-year basis:
| Metric: | Q4 FY26 | Q4 FY25 (YoY) |
|---|---|---|
| Revenue: | ₹6.04B | ₹6.5B |
| Net Profit: | ₹1.24B | ₹1.23B |
| EBITDA: | ₹1.7B | ₹1.8B |
| EBITDA Margin: | 28.2% | 27.82% |
Consolidated total expenses for FY26 were ₹1,684.79 crore, down from ₹1,756.30 crore in FY25. Depreciation on a consolidated basis increased to ₹111.36 crore from ₹88.53 crore, reflecting the group's expanded asset base.
Balance Sheet Highlights
The standalone balance sheet as at March 31, 2026 reflects total assets of ₹3,621.37 crore, compared to ₹3,262.97 crore as at March 31, 2025. Total equity on a standalone basis stood at ₹3,216.61 crore, with other equity at ₹3,206.24 crore. On a consolidated basis, total assets were ₹3,589.53 crore as at March 31, 2026, against ₹3,281.27 crore as at March 31, 2025, with total equity at ₹3,161.68 crore.
| Balance Sheet Metric: | Standalone FY26 | Standalone FY25 | Consolidated FY26 | Consolidated FY25 |
|---|---|---|---|---|
| Total Assets (₹ Crore): | 3,621.37 | 3,262.97 | 3,589.53 | 3,281.27 |
| Total Equity (₹ Crore): | 3,216.61 | 2,806.73 | 3,161.68 | 2,793.28 |
| Total Liabilities (₹ Crore): | 404.76 | 456.24 | 427.85 | 487.99 |
Cash Flow and Dividend
On a standalone basis, net cash from operating activities for the year ended March 31, 2026 was ₹628.42 crore, compared to ₹494.44 crore in the previous year. Net cash used in investing activities stood at ₹484.85 crore, while net cash from financing activities was ₹(141.08) crore. On a consolidated basis, net cash from operating activities was ₹557.90 crore for FY26, against ₹458.22 crore in FY25. The Board has recommended a final dividend of Rs. 8.50 per equity share of face value Re. 1/- each for FY26. The dividend, if approved by shareholders at the 37th Annual General Meeting, will be paid or dispatched to eligible shareholders within 30 days from the conclusion of the meeting.
Historical Stock Returns for Vinati Organics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.51% | -2.76% | +11.37% | -18.98% | -21.57% | -19.85% |
How might Vinati Organics deploy its strong operating cash flow of ₹628 crore toward capacity expansion or new product development in FY27?
Given the significant reduction in raw material costs driving FY26 profitability, how sustainable is this cost advantage if global chemical feedstock prices rebound?
With consolidated depreciation rising sharply to ₹111 crore from ₹88 crore, what major capital projects are expected to come online and contribute to revenue growth in the near term?


































