Finolex Industries Ltd

Finolex Industries Plans ₹100-200 Cr Annual Capex for Growth 🚀 | Q2 FY '26 Results Show Strong EBITDA & PAT Uplift

- Q2 FY '26: Total income up 4% to ₹859 Cr (vs ₹828 Cr YoY); EBITDA jumps to ₹130 Cr (vs ₹11 Cr YoY); PAT rises to ₹119 Cr (vs ₹51 Cr YoY).

- H1 FY '26: EBITDA improves 3% to ₹224 Cr; PAT at ₹216 Cr (vs ₹557 Cr YoY, which included ₹417 Cr exceptional gains).

- Volume dips 6% in Q2 (65,336 MT vs 69,341 MT YoY) due to heavy monsoon; non-agri volume grows 7%, agri declines.

- Strong balance sheet: Net cash surplus of ~₹2,360 Cr as of Sep 30, 2025.

- Capex plan: ₹100-200 Cr/year for capacity additions in pipes & fittings; targets 74-75% utilization by FY '27.

- Aims for mid-single-digit volume growth in FY '26; maintains 10-12% EBITDA margin target.

- Anticipates PVC antidumping duty (ADD) soon (impact: ₹3-6/kg).

- Long-term goal: Shift to 50:50 agri/non-agri mix (non-agri share grew 7% in Q2).