Q2 2026 Finolex Industries Ltd Earnings Call Transcript
Key Points
- Finolex Industries Ltd (BOM:500940) reported a significant improvement in EBITDA margin, increasing to INR130 crores from INR11 crores in the same quarter last year.
- The company achieved a PAT of INR119 crores, up from INR51 crores in the same quarter last year.
- Non-agri segment volume grew by 7%, indicating successful diversification efforts.
- The company maintains a strong balance sheet with a net cash surplus of around INR2,360 crores as of September 30, 2025.
- CPVC segment is growing at a double-digit rate, reflecting strong demand and strategic focus.
- Overall volume decreased by 6% in Q2 FY26 due to prolonged heavy monsoon affecting the agri segment.
- Total income from operations slightly decreased to INR1,902 crores for H1 FY26 compared to INR1,969 crores last year.
- The company faces challenges in maintaining a 50-50 agri and non-agri sales mix due to seasonal demand fluctuations.
- Capacity utilization for the first half of the year was around 70%, indicating potential underutilization.
- The company anticipates maintaining an EBITDA margin of 10% to 12% for the full year, suggesting potential margin pressure in upcoming quarters.
Ladies and gentlemen, good day, and welcome to the Finolex Industries Q2 and H1 FY26 earnings conference call hosted by ICICI Securities Limited. (Operator Instructions) Please note, 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.
Thank you, Mark, and good afternoon, everyone. On behalf of ICICI Securities, I welcome you all to the Q2 FY26 results ConCall of Finolex Industries. We have from the management's side, Mr. Udipt Agarwal, Managing Director; and Mr. Chandan Verma, CFO.
Now I hand over the call to Mr. Udipt for his opening remarks. post which, we'll have the Q&A. Over to you, Udipt.
Good afternoon, gentlemen. Thanks, Arun. Good afternoon, ladies and gentlemen. Welcome to the investors conference call for quarter two of FY26 and H1 FY26 earnings release. We thank you for your continued support and
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