Finolex Industries

FINPIPE

NSE

BSE

SectorIndustrial Products

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The Quarter story

The two most recent quarterly results, compared side-by-side.

Finolex Industries maintains strong liquidity and expands distribution, but faces seasonal profit dips and rising input costs.

Free cash reserves grow from ₹2,533 Cr in Q1 FY26 to ₹2,636 Cr in Q1 FY27, maintaining strong liquidity.

EBITDA margin contracts from 25% in Q4 FY26 to 12% in Q1 FY27, reflecting seasonal pricing pressure.

Retailer outreach expands from 200 in Q1 FY26 to 34,000 in Q1 FY27, showing rapid channel growth.

PVC prices rise from $708 in Q1 FY26 to $873 in Q1 FY27, increasing raw material costs.

PVC/EDC price spread stabilizes from $522 in Q1 FY26 to $503 in Q1 FY27, easing input cost volatility.

Revenue eases from ₹1,314 Cr in Q4 FY26 to ₹884 Cr in Q1 FY27, showing a post-peak seasonal dip.

Sales volumes recover from 92,129 MT in Q1 FY26 to 101,772 MT in Q4 FY26, indicating steady demand.

EBIT falls from ₹306 Cr in Q4 FY26 to ₹79 Cr in Q1 FY27, highlighting cyclical profit compression.

About the company

Finolex Industries Ltd is an India-based manufacturer of PVC pipes, fittings, and resin. The company operates two main segments: PVC production and PVC pipes and fittings manufacturing. It offers products for plumbing, sanitation, and agriculture applications. Finolex has manufacturing facilities in Maharashtra and Gujarat, with a total production capacity of 400,000 metric tons per annum for pipes and fittings, and 272,000 MT per annum for PVC resin. The company has a network of over 21,000 retail outlets supported by more than 900 dealers and sub-dealers across India. Finolex is known for being India's largest and only backward-integrated PVC pipes and fittings manufacturer. In 2023, the company commenced operations of a new PVC fittings manufacturing facility in Talegaon, Pune.

In the news

Finolex Industries Q1 profit up 17% despite 15% revenue decline

Finolex Industries shares surge 8% on 59% Q4 profit jump

Finolex Industries Q4 profit surges 58.74% to ₹261.25 crore