Finolex Industries (FIL) came out with strong operating performance in Q1FY19 led by PVC-EDC spread and strong performance from PVC Pipes & Fittings segment. Revenue increased 13% YoY to Rs8,278mn, EBITDA was up by 48% YoY to Rs1,939mn and adjusted PAT was up 64% YoY to Rs1,312mn owing to higher other income which was up by 255% YoY to Rs137mn. PVC resin volume declined 9% YoY to 68,454MT while PVC pipes & fittings volume rose 8.6% YoY to 77,636MT. We expect its revenue/EPS to grow...