Finolex Industries Limited has informed the Exchange about Investor Presentation
FINPIPE · price
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Awaiting price reaction for this filing.
Finolex Industries reported a weak Q1 FY26 with revenue declining 9% year-on-year to ₹1,043 crore, down from ₹1,140 crore, mainly due to weaker PVC realisations amid volatile PVC prices. EBITDA fell sharply to ₹94 crore from ₹207 crore, while profit before tax dropped to ₹126 crore from ₹229 crore. The Pipes & Fittings segment managed modest volume growth of 2% to 92,129 MT despite weak demand. On the positive side, the company maintained strong liquidity with net free cash of approximately ₹2,533 crore. The presentation also highlighted marketing campaigns, retail branding initiatives, and CSR activities across healthcare, education, and rural development.
Sharp decline in profitability and weak realisations are likely to weigh on the stock, though the strong cash position of over ₹2,500 crore provides comfort and supports the company's ability to weather PVC price volatility. Investors should watch PVC price trends and demand recovery in the coming quarters.