{"id":180515,"date":"2026-02-12T14:33:29","date_gmt":"2026-02-12T19:33:29","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=180515"},"modified":"2026-02-12T14:33:29","modified_gmt":"2026-02-12T19:33:29","slug":"finolex-industries-reports-higher-profit-despite-revenue-decline-in-third-quarter","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/finolex-industries-reports-higher-profit-despite-revenue-decline-in-third-quarter\/","title":{"rendered":"Finolex Industries Reports Higher Profit Despite Revenue Decline in Third Quarter"},"content":{"rendered":"\n<p><em>Operating margins improved during the period as the company recorded a 48% increase in EBITDA for the quarter ended December 31, 2025. Financial performance was characterized by higher profitability metrics despite top-line pressure from weak PVC pricing and lower sales volumes.<\/em><\/p>\n\n\n\n<p>Finolex Industries Limited (NSE: FINCABLES) announced its unaudited financial results for the third quarter of fiscal year 2026, showing a rise in earnings despite a contraction in total revenue. Earnings before interest, tax, depreciation, and amortization (EBITDA) rose to \u20b9123 crore, up from \u20b983 crore in the corresponding period of the previous year. The results reflect a significant improvement in operating performance even as the company navigated a challenging pricing environment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Profitability Rises Despite Lower Revenue Growth<\/strong><\/h2>\n\n\n\n<p>The primary development driving the quarter&#8217;s results was a notable divergence between profitability and revenue growth. While internal operating efficiencies led to higher margins, the company\u2019s top line was impacted by lower realizations and a decrease in total sales volumes. Management attributed the volume dip primarily to an extended monsoon season that affected seasonal demand.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Company Maintains Liquidity Despite Lower Revenue<\/strong><\/h2>\n\n\n\n<p>Standalone revenue for the third quarter declined 10% to \u20b9898 crore, compared to \u20b91,001 crore in the same period last year. Sales volumes fell 14% to 73,500 metric tonnes, down from 85,767 metric tonnes in the previous year&#8217;s third quarter. Despite the lower revenue, profit before tax (PBT) for the quarter rose 54% to \u20b9146 crore, up from \u20b995 crore. For the nine-month period ending December 31, 2025, the company reported revenue of \u20b92,800 crore and a PBT of \u20b9430 crore, representing a 12% increase in year-to-date profit before exceptional items. The company\u2019s liquidity position remains stable, with net free cash of approximately \u20b92,429 crore.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Strengthening Dealer Relationships and CSR Outreach<\/strong><\/h2>\n\n\n\n<p>Management\u2019s stated strategy emphasizes strengthening dealer relationships and expanding market reach through targeted initiatives. During the quarter, the company conducted business strategy discussions with its top 61 dealers and maintained a high-profile marketing presence through national sponsorships, including the 16th Agrovision 2025 agri-expo. The company also continues to allocate capital toward corporate social responsibility via the Mukul Madhav Foundation, currently active in 24 states and covering 15 out of 16 mandated CSR areas, including healthcare and rural development.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Macroeconomic Factors Impacting PVC Sector Realization<\/strong> <\/h2>\n\n\n\n<p>The broader sector faced headwinds from a decline in global PVC prices, which averaged $641 per metric tonne in the third quarter of fiscal 2026, down from an average of $782 in the prior year\u2019s corresponding quarter. The PVC\/EDC delta, a key industry margin indicator, also contracted from an average of $500 to $449 per metric tonne. These macroeconomic factors, combined with domestic weather patterns, remained the principal external influences on the company&#8217;s realization and volume performance during the period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Operating margins improved during the period as the company recorded a 48% increase in EBITDA for the quarter ended December 31, 2025. Financial performance was characterized by higher profitability metrics despite top-line pressure from weak PVC pricing and lower sales volumes. Finolex Industries Limited (NSE: FINCABLES) announced its unaudited financial results for the third quarter [&hellip;]<\/p>\n","protected":false},"author":2380,"featured_media":125269,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,392,5753],"tags":[10036,8874],"class_list":["post-180515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-earnings","category-industrials","tag-electric-equipments","tag-industrials"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":179031,"url":"https:\/\/alphastreet.com\/india\/finolex-industries-ltd-shares-fluctuate-after-q3-fy26-results\/","url_meta":{"origin":180515,"position":0},"title":"Finolex Industries Ltd Shares Fluctuate After Q3 FY26 Results","author":"Staff Correspondent","date":"February 2, 2026","format":false,"excerpt":"Finolex Industries Ltd (NSE: FINPIPE, BSE: 500940) closed at around \u20b9173 to \u20b9175 on Monday reflecting a modest intraday move within a narrow range compared with its previous session after the company reported its latest quarterly results. Today\u2019s closing price sits slightly below the previous close with the share oscillating\u2026","rel":"","context":"In &quot;Industrials&quot;","block_context":{"text":"Industrials","link":"https:\/\/alphastreet.com\/india\/category\/industrials\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":178941,"url":"https:\/\/alphastreet.com\/india\/finolex-industries-q3-fy26-earnings-results\/","url_meta":{"origin":180515,"position":1},"title":"Finolex Industries Q3 FY26 Earnings Results","author":"Divyansh_Kasana","date":"February 2, 2026","format":false,"excerpt":"Executive Summary Finolex Industries Ltd reported Q3FY26 revenues of \u20b9898 crore, down 10.29% YoY, but consolidated net profit rose 54.93% to \u20b9110 crore due to sharp 15.81% expense reduction. Lower PVC prices and monsoon-impacted volumes drove revenue decline, offset by exceptional margin expansion in pipes and fittings. Revenue & Growth\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/FINP.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/FINP.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/FINP.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/FINP.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/FINP.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/FINP.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":181251,"url":"https:\/\/alphastreet.com\/india\/sharat-industries-reports-79-rise-in-third-quarter-profit\/","url_meta":{"origin":180515,"position":2},"title":"Sharat Industries reports 79% rise in third-quarter profit","author":"Staff Correspondent","date":"February 18, 2026","format":false,"excerpt":"Sharat Industries Ltd (BSE: 519397) for the third quarter ended December 31, 2025 (Q3 2026), reported consolidated revenue from operations of 142.55 crore rupees, a 47.8% increase from 96.44 crore rupees in the same period last year. Net profit for the quarter rose 79.6% to 4.74 crore rupees, up from\u2026","rel":"","context":"In &quot;LATEST&quot;","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":169104,"url":"https:\/\/alphastreet.com\/india\/finolex-industries-ltd-q4fy25-5-fall-in-revenue\/","url_meta":{"origin":180515,"position":3},"title":"Finolex Industries Ltd Q4FY25; 5% fall in Revenue","author":"Divyansh_Kasana","date":"July 11, 2025","format":false,"excerpt":"Finolex Industries Limited (FIL) is a leading manufacturer of PVC Resin and the largest producer of PVC Pipes & Fittings in India. The Company offers the latest range of superior quality and durable PVC-U pipes and fittings used in agriculture, construction and industrial operations. Its product portfolio consists of two\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/I-7.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/I-7.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/I-7.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/I-7.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/I-7.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/I-7.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":169773,"url":"https:\/\/alphastreet.com\/india\/finolex-industries-ltd-q1-fy26-earnings-results-revenue-down-8-5-net-profit-plunges-80-yoy\/","url_meta":{"origin":180515,"position":4},"title":"Finolex Industries Ltd Q1 FY26 Earnings Results \u2013 Revenue Down 8.5%, Net Profit Plunges 80% YoY","author":"Divyansh_Kasana","date":"August 5, 2025","format":false,"excerpt":"Finolex Industries Limited (FIL) is a leading manufacturer of PVC resin and India\u2019s largest producer of PVC pipes and fittings. The company offers a comprehensive range of superior quality, durable PVC-U pipes and fittings serving crucial sectors such as agriculture, construction, and industrial applications. Its core product portfolio is broadly\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/FIN.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/FIN.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/FIN.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/FIN.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/FIN.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/FIN.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":141314,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-of-finolex-industries-limited-for-q3-fy23\/","url_meta":{"origin":180515,"position":5},"title":"Earnings Summary Of Finolex Industries Limited For Q3 FY23","author":"Hardik Bhandare","date":"February 13, 2023","format":false,"excerpt":"Finolex Industries Limited (NSE: FINPIPE) has announced earnings for the third quarter and nine months ended December 31, 2022. In Q3, the company reported sales of \u20b91,124.76 crore, up from \u20b91,004.73 crore the previous year.\u00a0 Net income was \u20b979.54 crore, down from \u20b9177.43 crore the previous year. Diluted earnings per\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/180515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2380"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=180515"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/180515\/revisions"}],"predecessor-version":[{"id":180516,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/180515\/revisions\/180516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125269"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=180515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=180515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=180515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}