FINPIPE: Q2 volume rebounded 28%, but inventory-cost lag kept profitability flat amid an uncertain H2 outlook
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Finolex Industries Ltd.
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Unlock signals — freeAbout Finolex Industries Ltd.
Finolex Industries Limited, headquartered in Pune, manufactures and sells PVC pipes, fittings, and resins across two segments: PVC Resin and PVC Pipes & Fittings. In Q2 FY27, revenue rose 27% to ₹1,093.96 cr driven by 28% volume growth, while EBITDA declined due to higher material costs. Net profit increased 2.7% YoY to ₹122.38 cr, supported by fair‑value gains. The company offers a broad product range including agriculture, plumbing, and sewerage pipes, and distributes through dealers and retailers. Competitively, Finolex leverages its long‑standing brand and extensive dealer network to maintain market share against rivals like Jindal Pipes and KEC International. Growth outlook remains positive as demand for infrastructure and water‑supply projects rises, though margin pressure from raw m
Financial Highlights
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹4,317 Cr -1.81% | ₹4,142 Cr -4.06% | ₹4,113 Cr -0.69% |
| EBITDA Margin | 13.55% | 11.49% | 16.50% |
| Net Profit | ₹473.59 Cr +88.91% | ₹800.03 Cr +68.93% | ₹599.05 Cr -25.12% |
| EPS | ₹7.66 | ₹12.94 | ₹9.69 |
Annual figures in Indian Rupees (Crores). Source: company filings (NSE).
Recent News
Finolex Industries Publishes Q2 FY 2026-27 Investor Presentation
FINPIPE: Q2 volume growth lifted revenue, but higher material costs weighed on EBITDA
Strategic Outlook
- Q2FY27 results: revenue ₹1, 094 Cr, PAT ₹115 Cr, EPS ₹1.86, EBITDA margin 11.4%. Growth context: revenue YoY +27.4%, PAT YoY -6.9%, revenue QoQ +23.8%, PAT QoQ +0.4%.
Management commentary points to capacity ramp-up, commissioning, and government-capex support as the primary near-term g...
FY26 (last completed FY): revenue ₹4, 113 Cr, PAT ₹599 Cr, EBITDA margin 16.5%, EPS ₹9.69. Year-on-year: revenue YoY -0....
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Frequently Asked Questions
What AI signals does NiveshIQ provide for Finolex Industries Ltd.?
NiveshIQ detects active intelligence signals for Finolex Industries Ltd. (FINPIPE) — including earnings catalysts, relative strength patterns, sector sweeps, and pullback setups. It also shows an Expected Move (1D/1W/1M range based on news, fundamentals and technicals) and a Confidence Score based on historical directional and magnitude accuracy. These are exclusive to NiveshIQ.
What are the key financials for Finolex Industries Ltd.?
Finolex Industries Ltd. operates in the Capital Goods sector with a market capitalisation of ₹992,022.9L Cr. Revenue, net profit, EPS and EBITDA margins across the last three annual periods are shown above, sourced from BSE filings.
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No. NiveshIQ provides educational market intelligence and research context, not investment advice or buy/sell recommendations.