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Finolex Industries reported a Q3 FY26 volume dip (down 14% YoY) but robust operating performance. Income from operations fell 10% to ₹898 Cr, while EBITDA surged to ₹123 Cr (from ₹83 Cr) and PAT reached ₹110 Cr (from ₹71 Cr). This notable improvement was driven by softening raw material prices, operational efficiencies, and a favorable product mix with higher non-agri segment share. Management believes PVC prices have likely bottomed out and aims for flattish to slight volume growth for FY26, targeting ~12% full-year EBITDA margin. The company holds a strong cash surplus of ₹2,430 Cr.