Finolex Industries Ltd (NSE:FNXP) Q1 2020 Earnings Conference Call Transcript

Aug 13, 2019 • 01:30 am ET


Finolex Industries Ltd (NSE:FNXP) Q1 2020 Earnings Conference Call Transcript


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Ladies and gentlemen, good day, and welcome to the Q1 FY '20 Earnings Conference Call of Finolex Industries Limited hosted by Investec Capital Services. [Operator Instructions]

I now hand the conference over to Mr. Ritesh Shah from Investec Capital. Thank you, and over to you, Mr. Shah.

Ritesh Shah

Thanks, Margaret. On behalf of Investec, I thank you all for joining Finolex Industries Q1 FY'20 Conference Call. We have with us Mr. Anil Whabi, Chief Financial Officer; and Mr. Krishnamoorthy for the conference call. Over to you, sir, for the opening remarks. Followed by that, we will have a Q&A session. Thank you.

Anil V. Whabi

Thank you. Rithesh. Good morning, everybody. I welcome you all to the Finolex Industries Q1 FY'20 investors conference call. The sales volume for PVC Pipes & Fittings was at 91,655 metric tons for Q1 FY'20 higher by 18.1%. The sales volume for PVC resin for Q1 FY'20 was at 78,512 metric tons higher by 14.7%. Total revenue was at INR944 crores for this Q1, up 14%, PAT was at INR73 crore in Q1, lower by 29.1% from INR103 crore in Q1 FY'19.

PVC Pipes & Fittings segment witnessed a good volume growth and better results. However, lower PVC/EDC delta due to fall in PVC price and higher EDC price has reduced the margin in PVC segment on YOY basis. I would now like to leave the floor open for questions. Thank you.