Financial Performance Highlights
Acutaas Chemicals Limited (formerly Ami Organics Limited) reported exceptional FY26 financial results with consolidated revenue growing 33% to ₹13,394 million and profit after tax surging 122% to ₹3,564 million. The company achieved significant margin expansion with EBITDA margin improving to 35.9% (from 23.0% in FY25) and PAT margin reaching 26.6% (from 15.9%). Export contribution remained robust at 77% of total revenue, underscoring strong international demand for its specialty chemical products.
Operational and Strategic Developments
The company completed Phase 1 of its battery chemicals facility at Jhagadia with 2,000 MTPA capacity each for Vinylene Carbonate and Fluoroethylene Carbonate, with full capacity covered by long-term customer contracts. Through its subsidiary Indichem Inc., Acutaas established a semiconductor chemicals joint venture in South Korea with approximately ₹2,000 million investment, including an operational R&D center and manufacturing facility under construction in Gongju. The company successfully rebranded from Ami Organics to Acutaas Chemicals and deployed ₹1,950 million in capital expenditure during FY26 as part of its ₹10,000+ million multi-year investment program.
Corporate Governance and ESG Excellence
Acutaas maintained strong corporate governance with an 8-member board (4 executive, 4 independent directors) and comprehensive committee structure. The company achieved EcoVadis Platinum rating, placing it in the top 1% globally for sustainability performance. Environmental initiatives included 15.8 MW solar capacity generating 52% of electricity needs and 85% waste recycling. The board recommended a final dividend of ₹2.50 per share and sought shareholder approval for director reappointments, ESOP grants to subsidiary employees, and related party transactions with material subsidiaries.
Financial Position and Subsidiary Performance
The company maintained a strong balance sheet with current ratio of 3.62, debt-equity ratio of 0.01, and return on equity of 24.6%. Key subsidiaries included Acutaas Chemicals Electrolytes Private Limited (battery chemicals, completed Phase 1), Acutaas Advance Material Limited (semiconductor chemicals through Indichem JV), and Baba Fine Chemicals partnership. The 19th AGM was scheduled for September 24, 2026, with key resolutions including dividend declaration, director reappointments, and approval of material related party transactions up to ₹2,900 million with subsidiaries.