Plastic Products company Finolex Industries announced Q4FY23 & FY23 results: Q4FY23: Total income from operations was Rs 1,141.06 crore for Q4FY23 – down 28.44% against Rs 1,594.57 crore in Q4FY22 Volume in Pipes & Fittings segment up by 3.59% to 81,452 MT in Q4FY23 against 78,629 MT in Q4FY22 Volume in PVC Resin segment was down 26.58% to 58,132 MT in Q4FY23 against 79,182 MT in Q4FY22 EBITDA stood at Rs 217.43 crore for Q4FY23 against Rs 264.66 crore for Q4FY22, down 17.85% YoY PAT was Rs 158.35 crore for Q4FY23 against Rs 493.80 crore for Q4FY22 FY23: Total income from operations was Rs 4,397.05 crore for FY23 – down 5.39% against Rs 4,647.32 crore in FY22 Volume in Pipes & Fittings segment grew 27.92% to 3,03,026 MT in FY23 against 2,36,895 MT in FY22 Volume in Resin segment was up 6.54% to 2,39,638 MT in FY23 against 2,24,924 MT in FY22 EBITDA for FY23 was down 71.42% at Rs 292.54 crore compared to Rs 1,023.74 crore for FY22 Profit after tax decreased 77.54% to Rs 236.58 crore in FY23 against Rs 1,053.47 crore in FY22 Commenting on the quarterly results, Prakash P. Chhabria, Executive Chairman, Finolex Industries said, “After a subdued volume growth in last 3 years, stabilization in prices has led to a strong pent-up demand. The momentum is expected to sustain in the long run with the overall growth prospects in the rural and the real estate sector of the country. The company has witnessed a strong financial performance on full year basis, marking a new milestone achievement of record sales volume growth.” Result PDF