Finolex Industries Ltd

Finolex Industries Q3 FY26: Strong Profit Growth Despite Revenue Dip 📊

• Q3 FY26 revenue decreased 10% to ₹898 crores

• Q3 EBITDA improved significantly to ₹123 crores from ₹83 crores in Q3 FY25

• Q3 PAT rose to ₹110 crores from ₹71 crores in Q3 FY25

• Nine-month revenue down 6% to ₹2,800 crores

• Nine-month EBITDA increased 15% to ₹347 crores

• Nine-month PAT was ₹326 crores (excluding exceptional gain of ₹407 crores in prior year)

• Volume declined 14% to 73,500 metric tons in Q3 FY26 due to monsoon impact

• Maintained strong net cash surplus of ₹2,430 crores as of December 31, 2025

• PVC resin prices bottomed out around $600-$650 per ton in Q3 but showed 8-9% recovery by end-December

• Q4 FY26 volume expected to improve with seasonal demand

• Full-year target: flattish to slight growth

• EBITDA margin guidance around 12% for full year

• Product mix: 62% agri, 38% non-agri, 8% CPVC by volume

• Plans annual capex of ₹100-200 crores for capacity expansion

• Evaluating uses for cash surplus