Finolex Industries Ltd.

NSE: FINPIPE | BSE: 500940 | ISIN: INE183A01024 | Industry: Plastic Products
| Mid-range Performer

211.72
1.74%
IDBI Capital
Finolex Industries Ltd. (FIL) reported an all-round quarterly performance led by higher sales volume, improved realisation and sharp inventory gain. Net sales increased by 52.5% YoY to Rs10.6bn, while EBITDA came in at Rs3.4bn, a robust growth of 150.5% over Q3FY20. The company reported net profit of Rs2.5bn, up by 163.4% YoY. The management attributed a stellar quarterly performance to healthy demand and higher than anticipated improvement in net sales realisation (NSR). Also, sharp increase in PVC prices led to inventory gain in Q3FY21. The company remained confident to keep the growth momentum by increasing capacity in pipes and strengthening distribution...
Finolex Industries Ltd. is trading above its 150 day SMA of 196.3
More from Finolex Industries Ltd.
Recommended