Finolex Industries Limited — Investor Meet, 11-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Finolex Industries' Q1 FY26 saw modest 2% pipe volume growth to 92,129 MT, but revenue dipped 9% to ₹1,043 Cr. EBITDA was ₹94 Cr, impacted by PVC price volatility. Net cash remains robust at ₹2,533 Cr. Management targets double-digit volume growth for FY26, with July showing high single-digit recovery. A new MD will join soon. The company is now viewed as a single entity, focusing on margin improvement and increasing its non-agri product mix. Capacity is at 5.2 lakh MT, with further brownfield expansion planned. Overall tone: Confident in growth despite short-term headwinds.