Finolex Industries Ltd. share price target

Q1 revenue increased 23% YoY as volumes/realisations rose 29%/4% in PVC pipes & fittings and 25%/0.2% in PVC resin

Inventory losses impacted a seasonally strong quarter

Record revenue while miss on profitability front

Q4 revenue increased 28% YoY as volumes/realisations rose 4%/9% in PVC pipes & fittings and 32%/8% in PVC resin

Weak results on volatile PVC prices

Q3 revenue declined 6% YoY as volumes fell 15% in PVC pipes & fittings and 36% in PVC resin

Record PVC/EDC delta at $790/ton (Vs $654 / ton in Q2FY21 Vs $830 / ton in Q1) last quarter pretty much explains the momentous rise in PVC resin EBIT to Rs 230.59 crs compared to just Rs 99.10 crs in the same quarter a year ago, as external sales of resin rose by a n astonishing 41.6% to 13684 tons. With spreads at record highs, PVC resin spreads...

Q2 revenue growth robust at 85% YoY as PVC realisations surged 63% and pipe volumes grew 27% YoY

Expect volume to improve with seasonality; Realisation to remain at elevated level