Earnings Review
Finolex Ind Q1 PAT up 11 YoY%; sales down 15% on low volume
This story was originally published at 00:05 IST on 7 August 2026
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--Finolex Ind Apr-Jun net profit INR 1.07 bln
--Analysts saw Finolex Ind Apr-Jun net profit at INR 1.30 bln
--Finolex Ind Apr-Jun revenue INR 8.84 bln
--Analysts saw Finolex Ind Apr-Jun revenue at INR 12.06 bln
--Finolex Ind Apr-Jun net profit INR 1.07 bln vs INR 969.30 mln year ago
--Finolex Ind Apr-Jun revenue INR 8.84 bln vs INR 10.43 bln year ago
By Diksha Singh
MUMBAI – Pipe manufacturer Finolex Industries Ltd. reported a double-digit growth in its net profit for the June quarter despite a sharp decline in its revenue from operations. The company reported a net profit of INR 1.07 billion for the June quarter, up 11% on year from INR 969.3 million in the year-ago quarter. Analysts had estimated the profit at INR 1.30 billion. The pipe manufacturer reported a revenue from operations of INR 8.84 billion, down 15% on year from INR 10.43 billion, primarily due to lower sales volume. The Street estimated the revenue to be INR 12.06 billion.
The total income for the June quarter fell 13% on year to INR 9.59 billion. Other income rose 16% on year to INR 753 million. The company's total expenses were also down by 17% to INR 8.11 billion. The cost of material consumed was down by 32% to INR 4.27 billion. There was an increase in changes in inventories of finished goods, stock-in-trade and work-in-progress by over 43% to INR 972 million, employee benefit expenses slipped 6% to INR 551 million, and other expenses fell over 3% to INR 1.82 billion.
The company reported volume of 67,699 tonnes for the June quarter, down 27% from 92,129 tonnes, mainly due to weak demand and volatility in prices of polyvinyl chloride. Finolex Industries reported earnings before interest and tax for the June quarter at INR 790 million, up 18% from INR 670 million a year ago.
Thursday, the company's shares closed 2.5% higher at INR 171.31 apiece on the National Stock Exchange. Finolex Industries announced its June quarter earnings after market hours. End
Edited by Deepshikha Bhardwaj
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