Investor Presentation on Audited Financial Results for the Quarter and Year ended 31st March, 2025
Awaiting price reaction for this filing.
Finolex Industries reported muted Q4 FY25 results with revenue declining 5% YoY to ₹1,172 Cr (vs ₹1,235 Cr in Q4 FY24) due to weaker PVC realisation amid price volatility. EBITDA fell to ₹171 Cr from ₹209 Cr (-18% YoY) and PBT slipped to ₹203 Cr from ₹219 Cr. For full-year FY25, revenue was down 4% to ₹4,142 Cr, while EBITDA dropped 19% to ₹476 Cr and PBT before exceptional items stood at ₹588 Cr vs ₹613 Cr. The PVC Resin segment EBIT crashed 41% in FY25, though the Pipes & Fittings (P&F) segment EBIT grew 63% with volumes up 3%. Liquidity remains strong with net free cash of ~₹2,535 Cr (up from ~₹1,820 Cr last year). The presentation also covers marketing campaigns and CSR initiatives.
Investors should note margin pressure from PVC price volatility has hit earnings despite healthy cash reserves; however, strong liquidity (₹2,535 Cr free cash) and growing P&F volumes offer some comfort. Short-term stock sentiment may remain weak given the YoY earnings decline, though the balance sheet strength provides downside protection.