Finolex Industries Ltd (NSE:FINPIPE)
₹ 164.43 -6.88 (-4.02%) Market Cap: 101.67 Bil Enterprise Value: 81.17 Bil PE Ratio: 16.95 PB Ratio: 1.64 GF Score: 76/100

Q3 2026 Finolex Industries Ltd Earnings Call Transcript

Feb 2, 2026 / 10:30 AM GMT
Release Date Price: ₹174.94 (-0.03%)

Key Points

Positve
  • EBITDA improved significantly to 123 crore from 83 crore in the previous year, indicating better operational efficiency.
  • Profit after tax (PAT) increased to 110 crore from 71 crore in the previous year, reflecting improved profitability.
  • The company maintains a strong balance sheet with a net cash surplus of around 2,430 crore as of December 31, 2025.
  • Operational efficiencies and softening raw material prices have contributed to improved operating performance.
  • The company has a backward integration advantage, producing 65-70% of its PVC resin in-house, providing cost benefits.
Negative
  • Volume decreased by 14% to 73,500 metric tons compared to the previous year, largely due to the monsoon season.
  • Income from operations decreased by 10% to 898 crore from 1,001 crore in the previous year.
  • The PVC market has experienced significant volatility, with prices dropping to historically low levels.
  • There is uncertainty regarding the impact of potential changes in import duties on PVC resin.
  • The company faces challenges in maintaining margins due to fluctuating PVC and EDC prices.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FINX.NS - Finolex Industries Ltd
Q3 2026 Finolex Industries Ltd Earnings Call
Feb 02, 2026 / 10:30AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Ladies and gentlemen, good day and welcome to the Finalex Industries Limited Q3 FY26 earnings conference call hosted by ICICI Securities Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing, then 0 on a touchstone 4. Please note that this conference is being recorded.

And now hand the conference over to Mr. Arun Bait from ICIA Securities.

Thank you and over to you.

--------------------------------------------------------------------------------
Unidentified_2 [2]
----------------------
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
7-Day Free Trial · Cancel Anytime
Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot