Finolex Industries Ltd's Q3FY25 Quarterly Results

Result Summary

• Finolex Industries Ltd reported a 15.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 0.5%.
• Its expenses for the quarter were up by 12.2% QoQ and 2.2% YoY.
• The net profit increased 131.2% QoQ and decreased 1.4% YoY.
• The earnings per share (EPS) of Finolex Industries Ltd stood at 1.5 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Finolex Industries Ltd is a prominent player in the Indian manufacturing sector, primarily known for its production of PVC pipes and fittings. The company serves the agriculture and construction industries, offering a wide range of products that include pipes, fittings, and resins. Finolex Industries has a strong distribution network across India, ensuring its products are accessible to a broad customer base. Recently, the company has focused on expanding its production capacity and enhancing its product portfolio to meet the growing demand in the domestic market. However, specific recent major developments beyond this context are not available within the provided data.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), Finolex Industries Ltd generated a total income of ₹1049.66 crores. This figure represents a 15.2% increase quarter-over-quarter (QoQ) from the ₹911.05 crores reported in the second quarter of fiscal year 2025 (Q2FY25). On a year-over-year (YoY) basis, the total income slightly decreased by 0.5% compared to ₹1054.81 crores reported in the third quarter of the previous fiscal year (Q3FY24). The change in total income both QoQ and YoY highlights the company's revenue dynamics during this period.

Profitability

For Q3FY25, Finolex Industries Ltd reported a profit before tax of ₹94.53 crores, which marks a 57.7% increase from the ₹59.96 crores recorded in Q2FY25. However, this is a 21.1% decline compared to the ₹119.79 crores in Q3FY24. The tax expense for the quarter was ₹17.78 crores, a decrease of 16.4% QoQ and 50.7% YoY. The profit after tax stood at ₹94.02 crores, showing a significant QoQ increase of 131.2% from the previous quarter's ₹40.67 crores, but a slight YoY decrease of 1.4% from ₹95.40 crores in Q3FY24. Earnings per share remained constant YoY at ₹1.50, reflecting an increase of 114.3% from ₹0.70 in Q2FY25.

Operating Metrics

Total expenses for Finolex Industries Ltd in Q3FY25 were ₹955.13 crores, representing a 12.2% increase from Q2FY25's ₹851.09 crores and a 2.2% increase YoY from ₹935.02 crores in Q3FY24. The company's operating metrics show a rise in expenses both QoQ and YoY, which may be attributed to various factors affecting the operational costs during this period. These financial data points provide insights into the company's operational efficiency and cost management strategies over the specified quarters.