Finolex Industries Limited — Investor Meet, 30-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Finolex Industries posted 2% QoQ and 4% YoY volume growth in pipes and fittings amid weak demand. Q4 revenue dipped slightly to INR1,172 Cr, with EBITDA margin rebounding to 14.6% due to better pricing and product mix. PAT was INR150 Cr in Q4 and INR778 Cr for FY25, aided by exceptional gains. PVC resin volumes grew 13% YoY; CPVC up 17%, with plans to expand share. Focus remains on margin recovery, cost control, and non-agri segment growth. Strong net cash of INR2,535 Cr supports moderate capex of INR125-150 Cr for brownfield expansions. Management is cautiously optimistic on demand and margins.