IDBI Capital: Finolex Industries Posts Another Strong Quarterly Performance; Promising Future Outlook
Truck driver delivers PVC pipe to a residential housing lot under construction. (Photographer Luke Sharrett/Bloomberg)

IDBI Capital: Finolex Industries Posts Another Strong Quarterly Performance; Promising Future Outlook

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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 another strong quarterly performance in a seasonally weak quarter for agri-pipes.

Lower PVC resin supply in domestic market created demand-supply mismatch, which led to higher sales volume and improved realisation for the company in its PVC segment.

Net sales increased by 1.6% YoY to Rs 5.8 billion, while Ebitda came in at Rs1.4 billion, a robust growth of 76.5% over Q2 FY20.

The company reported net profit of Rs 1.2 billion, up by 20.1% YoY.

Click on the attachment to read the full report:

IDBI Capital Finolex Industries Q2FY21 Result Update.pdf

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