Plastic products company Finolex Industries announced Q1FY25 results: Total income from operations was down 3.28% to Rs 1,140.49 crore for Q1FY25 against Rs 1,179.17 crore in Q1FY24. Volume in Pipes & Fittings segment decreased by 1.69% to 90,620 MT in Q1FY25 against 92,181 MT in Q1FY24. Volume in PVC Resin segment was up 51.11% to 69,625 MT in Q1FY25 against 46,074 MT in Q1FY24. EBITDA stood at Rs 206.65 crore for Q1FY25, up 35.53% compared to the EBITDA of Rs 152.47 crore for Q1FY24. PAT stood at Rs 505.20 crore (Including exceptional item of Rs. 416.99 Cr) in Q1FY25 against Rs 110.88 crore in Q1FY24. Commenting on the quarterly results, Prakash P. Chhabria, Executive Chairman, Finolex Industries said, “Operating performance of the Company improved due to growth in the plumbing and sanitation segment and increase in PVC pricing. Demand remained stable during the quarter with higher growth seen from the non-agri (urban) segment compared to agri segment. The company’s continuous efforts to penetrate into the non-agri segment will reflect in improved earnings performance going forward” Result PDF
Conference Call with Finolex Industries Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.