Q3 2025 Finolex Industries Ltd Earnings Call Transcript
Key Points
- Finolex Industries Ltd (BOM:500940) reported a strong balance sheet with a net cash surplus of INR2,300 crores as of December 31, 2024, compared to INR1,570 crores in the previous year.
- The PVC Resin segment saw a significant revenue increase to INR413 crores from INR321 crores, with volume growth of nearly 30% year-over-year.
- The company is optimistic about future growth, driven by government initiatives like the Jal Jeevan mission and affordable housing schemes.
- Finolex Industries Ltd (BOM:500940) has a strategic focus on expanding its non-agri business, aiming for a 50-50 agri to non-agri revenue mix in the next 3-4 years.
- The company is actively expanding its capacity, with plans to add 50,000 tonnes of capacity, partly in Q4 FY25 and Q1 FY26.
- Total income from operations decreased by 1.8% to INR1,001 crores in Q3 FY25 compared to INR1,019 crores in Q3 FY24.
- EBITDA fell to INR83 crores in Q3 FY25 from INR120 crores in Q3 FY24, with margins dropping to 8.3% from 11.8%.
- The pipes and fittings segment experienced a decline in EBIT to INR32.13 crores from INR74.24 crores year-over-year.
- The company faced a challenging demand environment, with only modest volume growth and weaker realizations impacting performance.
- Discounting in the market affected profitability, with significant discounts offered in Q3 to clear inventory.
Ladies and gentlemen, good day, and welcome to Finolex Industries Q3 and nine months FY25 Earnings Conference Call hosted by ICICI Securities.
(Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Arun Baid from ICICI Securities. Thank you, and over to you, sir.
Good afternoon, ladies and gentlemen. On behalf of ICICI Securities, I welcome all to Q3 FY25, post event con call of Finolex Industries. From the management side, we have Mr. Saurabh Dhanorkar, Managing Director; and Mr. Chandan Verma, CFO. Now I hand over the call to Mr. Dhanorkar, for his opening remarks, post which the floor will open for Q&A.
Over to you, Mr. Dhanorkar.
Good afternoon, ladies and gentlemen. Welcome to the investors conference call for Q3 FY25 earnings release. We thank you all for your continued support and interest in Finolex
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