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 Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+7.5%Reaction day

₹179.80

prior close

₹188.60

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.0%+7.6% vs market

Plastic Products - Industrial peers, median of 38sector+0.5%+7.0% vs sector

On the reaction day the stock moved 7.6 pts more than Nifty Microcap 250 and 7.0 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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30m

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Plastic Products - Industrial peers, median of 38Pending

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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.