Finolex Industries Limited — Investor Meet, 03-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Finolex Industries reported strong Q4 FY26 results with revenue up 12% YoY to INR 1,314 Cr, and EBITDA nearly doubling to INR 332 Cr, boosted by INR 35-40 Cr inventory gains. Full year FY26 revenue was flat at INR 4,113 Cr, with EBITDA up 43% to INR 679 Cr.

Management eyes FY27 volume growth in higher single-digit to lower double-digit, targeting a sub-15% EBITDA margin. Focus is shifting to diversify from agri (63% now) towards a 50-50 agri-non-agri split in 4-5 years. Capacity stands at 520,000 tons with 67% utilization. The company maintains a strong cash balance of INR 2,563 Cr, with the Board yet to decide on its utilization beyond dividends. Sentiment is cautious due to market volatility.