Finolex Industries Limited — Updates, 24-10-2024: Press Release

Finolex Industries reported a 6% decline in total income from operations to ₹828 Cr for Q2 FY25, and EBITDA dropped significantly to ₹10.6 Cr. Despite this, sales volume for Pipes & Fittings increased by 10%, while PVC Resin volumes rose 7%. Profit after tax was ₹51.4 Cr, down 45% y-o-y. The company highlighted strong liquidity and a focus on penetrating non-agricultural markets, anticipating improved earnings ahead amid challenging PVC price volatility.