Press Release in connection with the Audited Financial Results for the Quarter and Year ended 31st March, 2025
Awaiting price reaction for this filing.
Finolex Industries reported Q4FY25 total income of ₹1,171.81 Cr, down 5% YoY, with EBITDA falling to ₹171.27 Cr from ₹208.93 Cr due to weaker PVC realizations. FY25 total income stood at ₹4,141.97 Cr (down 4% YoY) and EBITDA at ₹475.80 Cr (down 19%). FY25 PAT surged to ₹777.86 Cr from ₹455.30 Cr, boosted by a ₹416.99 Cr exceptional gain. Pipes & Fittings volumes grew modestly by 2% YoY in Q4 and 3% YoY for FY25 despite weak demand, while PVC Resin volumes rose 13% YoY for the full year. Management attributed muted operating performance to PVC price volatility and is pushing growth in non-agri segments.
Core operating performance weakened with EBITDA margins compressing by 230bps in FY25 due to lower PVC realizations. The headline PAT growth was driven by a one-time exceptional gain rather than operational improvement, so underlying profitability remains under pressure. Modest volume growth and management's diversification push into non-agri segments are the key positives for shareholders to watch.