Plastic Products company Finolex Industries announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Volume in Pipes & Fittings segment increased by 10% to 69,341 MT against 62,914 MT in Q2FY24. Total income from operations was Rs 828.43 crore down 6% against Rs 883.15 crore in Q2FY24. Volume in PVC Resin segment increased by 7% to 40,236 MT against 37,516 MT in Q2FY24. EBITDA stood at Rs 10.57 crore against the EBITDA of Rs 102.98 crore for Q2FY24. PAT stood at Rs 51.44 crore in against PAT of Rs 93.78 crore in Q2FY24. H1FY25 Financial Highlights: Volume in Pipes & Fittings segment was up by 3% to 1,59,961 MT in H1FY25 against 1,55,095 MT in H1FY24. Total income from operations was Rs 1968.92 crore, down 5% against Rs 2,062.32 crore in H1FY24. Volume in Resin segment grew by 31% to 1,09,860 MT in H1FY25 against 83,590 MT in H1FY24. EBITDA stood at Rs 217.22 crore down by 15% against EBITDA of Rs 255.45 crore for H1FY24. Profit after tax was increased to Rs 556.64 crore (including exception gain) for H1FY25 compared to Rs 204.66 crore in H1FY24.. Prakash P. Chhabria, Executive Chairman, Finolex Industries said: “FIL has registered robust Pipes & Fittings demand in volume terms during the quarter. Operating performance of the company were muted during the quarter due to volatility in PVC price, prolonged monsoon. The Company’s continuous efforts to penetrate into the non-agri segment will reflect in improved earnings performance going forward.” Result PDF
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.
Conference Call with Finolex Industries Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Plastic Products company Finolex Industries announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Total income from operations was up 8.27% to Rs 1,235.42 crore for Q4FY24 against Rs 1,141.06 crore in Q4FY23. Volume in Pipes & Fittings segment increased by 22.98% to 1,00,171 MT in Q4FY24 against 81,452 MT in Q4FY23. Volume in PVC Resin segment was up 19.07% to 69,215 MT in Q4FY24 against 58,132 MT in Q4FY23. EBITDA stood at Rs 208.93 crore for Q4FY24, down 3.91% compared to the EBITDA of Rs 217.43 crore for Q4FY23. PAT increased by 1.95% to Rs 161.43 crore in Q4FY24 against Rs 158.35 crore in Q4FY23. FY24 Financial Highlights: Total income from operations was Rs 4,317.43 crore for FY24 – down 1.81% against Rs 4,397.05 crore in FY23. Volume in Pipes & Fittings segment grew 11.07% to 3,36,577 MT in FY24 against 3,03,026 MT in FY23. Volume in Resin segment decreased by 17.98% to 1,96,542 MT in FY2024 against 2,39,638 MT in FY 23 EBITDA for FY24 stood at Rs 584.85 crore for FY24 against Rs 292.54 crore for FY23. Profit after tax increased to Rs 455.30 crore in FY24 compared to Rs 236.59 crore in FY23. Commenting on the quarterly results, Prakash P. Chhabria, Executive Chairman, Finolex Industries Limited said, “PVC prices remained stable during the second half of the year, leading to a healthy demand. Our operating performance during the year has been robust and with the company’s increased focus on the plumbing and sanitation segment, the same is expected to improve further.” Result PDF