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Earnings Call

Finolex Industries Earnings Call: Key Takeaways

Finolex Industries delivered strong Q4FY26 margin expansion despite flat volume growth, aided by favorable PVC resin-EDC spreads and backward integration.

Highlights
Revenue growth12% YoY revenue growth; FY26 revenue remained largely flat YoY.
MarginsEBITDA margins peaked at 25% due to one-time inventory gains.
Demand visibilitySubdued April; May improvement; Agri-demand heavily dependent on monsoon timing.
Management confidenceBalanced tone; cautious on geopolitical risks and volatile raw material spreads.

Growth

Revenue grew 12% YoY to ₹1,314cr; EBITDA doubled to ₹332cr due to inventory gains and integration benefits.

Outlook

Targeting sub-15% EBITDA margins and high single to low double-digit volume growth for FY27.

Risks

Agri-demand volatility, Middle East conflict impacting supply chains, and significant reduction in PVC-EDC/VCM spreads post-quarter.

Source

Earnings Call filed with NSE, NSE: FINPIPE. Summary written with AI assistance from the document.

Read the document ↗

Finolex Industries Ltd: key numbers

Share price
₹154.16
Market cap
₹9,565 Cr
Revenue (annual)
₹4,113 Cr
Net profit (annual)
₹599.0 Cr
P/E (TTM)
15.5×Sector 53.6×
Promoter holding
52.47%+0.00% QoQ
FII holding
5.85%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Annual General Meeting

Finolex Industries Annual General Meeting

Finolex Industries held its 45th Annual General Meeting on September 22, 2026, where shareholders considered and voted on agenda items, including financial statements and dividends.