Finolex Industries Limited has informed the Exchange regarding Re-appointment of the Cost Auditors and the Internal Auditors of the Company for the Financial Year 2026-27

Pat NegativeRevenue DeclineNegative Operating CashflowDebt Equity ThresholdResults View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Finolex Industries reported FY2026 standalone revenue of ₹4,113 crore, nearly flat versus FY2025's ₹4,142 crore. However, standalone PAT declined 25.4% to ₹580 crore from ₹778 crore, impacted by the prior year's ₹417 crore exceptional gain on leasehold land sale. Consolidated PAT similarly fell to ₹599 crore from ₹800 crore. EPS dropped to ₹9.39 from ₹12.58. The Board recommended a total dividend of ₹2.75 per share (₹2 final + ₹0.75 special). The company re-appointed S R Bhargave & Co as Cost Auditors and M M Nissim & Co LLP as Internal Auditors for FY2026-27. Statutory auditors Walker Chandiok & Co LLP issued an unmodified opinion. Borrowing more than doubled year-on-year to ₹437 crore, while operating cash flow halved to ₹192 crore.

Likely market impact

PAT decline and halved operating cash flow are concerning, though the dividend declaration signals management confidence. The clean audit opinion provides reassurance on financial statement reliability.