Finolex Industries Limited — Updates, 06-02-2025: Press Release

**Financial Highlights:** Finolex Industries reported total income from operations of ₹1,001.24 Cr for Q3 FY25, down 1.8% from ₹1,019.69 Cr in Q3 FY24. EBITDA decreased significantly to ₹83.43 Cr, representing a 30.4% decline versus ₹119.90 Cr in the previous year. Profit after tax (PAT) stood at ₹70.96 Cr, down 20.5% from ₹89.21 Cr in Q3 FY24.

**Strategic Initiatives and Growth Drivers:** The company is actively pursuing growth in the non-agri segment, showing a modest volume increase of 5% in Pipes & Fittings amidst a weak demand environment. Additionally, PVC Resin sales volume showed a substantial increase of 30%.

**Business Developments:** Despite challenges, the company achieved a 4% growth in the Pipes & Fittings segment for the nine months ended December 2024, with total volumes reaching 245,729 MT.

**Market Position and Competitive Advantage:** Finolex maintains its reputation as India’s trusted PVC pipes and fittings manufacturer, focusing on quality and customer satisfaction as core tenets of its business.

**Investor Implications:** Current trends suggest a positive outlook for the long term as the company deepens market penetration and continues broadening its product offerings, although immediate challenges in profitability and revenues should be watched closely.