Finolex Industries Limited is a prominent player in the Indian plastic pipes and fittings industry. With a legacy spanning over three decades, the company has established itself as a trusted brand known for its high-quality products and innovative solutions. Finolex Industries is part of the Finolex Group, which is a diversified conglomerate with interests in various sectors including pipes and fittings, power cables, and electrical switches. The core business of Finolex Industries revolves around the manufacturing and distribution of PVC pipes and fittings. The company offers a wide range of products including rigid PVC pipes, flexible PVC pipes, plumbing pipes, agricultural pipes, and electrical conduit pipes.
- Finolex Industries Limited reported Total Income for Q4 FY23 of ₹1,170.26 Crore down from ₹1,619.33 Crore year on year, a decline of 27.7%.
- Total Expenses for Q4 FY23 of ₹953.89 Crore down from ₹1,359.52 Crore year on year, a decline of 29.8%.
- Consolidated Net Profit of ₹166.50 Crore, down 66.4% from ₹495.12 Crore in the same quarter of the previous year.
- The Earnings per Share is ₹2.68, down from ₹7.98 in the same quarter of the previous year.