Finolex Industries Delivers A Strong Q3 On All Parameters: IDBI Capital
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IDBI Capital Report
Finolex Industries Ltd. reported an all-round quarterly performance led by higher sales volume, improved realisation and sharp inventory gain.
Net sales increased by 52.5% YoY to Rs 10.6 billion, while Ebitda came in at Rs 3.4 billion, a robust growth of 150.5% over Q3 FY20.
The company reported net profit of Rs 2.5 billion, up by 163.4% YoY.
The management attributed a stellar quarterly performance to healthy demand and higher than anticipated improvement in net sales realisation. Also, sharp increase in PVC prices led to inventory gain in Q3 FY21.
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