Q4 Results Impact: Finolex Industries shares climb 9.6% to new high livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
Finolex unveils new logo, marking the legacy brand's next era adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
Finolex Pipes: Finolex Industries net consolidated total income stood at Rs 944.50 crore in Q2 FY24, a dip of 3.62 per cent from Rs 979.96 crore it recorded in the similar quarter last year.
Finolex Industries reported unaudited Q1FY24 financial results with a decrease in revenue but strong margins and volume growth in the PVC pipes and fittings segment. Despite a correction in PVC prices, the company s operating margin improved and it demonstrated strong year-on-year growth.
Consolidated revenue of the PVC pipes and fittings manufacturer has fallen 28 percent YoY at Rs 1,141.1 crore while net profit also tanked 66 percent to Rs 166.5 crore.