Finolex Industries Delivers A Strong Q3 On All Parameters: IDBI Capital
Various lengths of plastic PVC and steel piping sit inside a new home under construction. (Photographer: Tim Boyle/Bloomberg)

Finolex Industries Delivers A Strong Q3 On All Parameters: IDBI Capital

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

IDBI Capital Finolex Q3FY21 Result Update.pdf

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