Finolex Industries Q1 FY27 Financials: Revenue Declines 15.30%, PAT Up 16.67%
Finolex Industries Limited [NSE: FINPIPE, BOM: 500940], an Indian manufacturer of PVC pipes, fittings, and conduits, has announced its financial results for Q1 FY27
Finolex Industries’ Standalone Financial Figures for Q1 FY27
In Q1 FY27, Finolex Industries reported a standalone revenue of Rs. 883.58 crore and a corresponding Profit after Tax (PAT) of Rs. 107.41 crore.
Finolex Industries’ Consolidated Financial Figures for Q1 FY27
YoY Comparison of Consolidated Financials: Q1 FY27 vs. Q1 FY26
Coming to Finolex Industries’ consolidated revenue, the company clocked a revenue of Rs. 883.58 crore in Q1 FY27. A Year-over-Year (YoY) decrease of 15.30% can be observed when compared with Q1 FY26’s revenue of Rs. 1,043.15 crore.
Further, the company’s PAT rose by 16.67% to Rs. 114.52 crore in Q1 FY27 from Rs. 98.16 crore reported in Q1 FY26.
Company’s Earnings Per Share (EPS) for Q1 FY27 stood at Rs. 1.85.
QoQ Analysis of Consolidated Financials: Q1 FY27 vs. Q4 FY26
Quarter-over-Quarter (QoQ) analysis of Finolex Industries’ consolidated revenue showcases a steep decline of 32.75% in Q1 FY27 against Q4 FY26’s revenue of Rs. 1,313.88 crore. Moreover, the company’s PAT slumped by 56.16% in Q1 FY27 when compared to Q4 FY26’s PAT of Rs. 261.25 crore.
Key Insights: Weaker Volume & Revenue in Q1 FY27
In its investor presentation for Q1 FY27, Finolex Industries stated that the company’s revenue went down due to lower sales volume. As per the company, sales volume dropped from 92,129 Million Tonnes (MT) in Q1 FY26 to 67,699 MT in FY27 due to weak demand and volatility in PVC prices.
Q1 FY27 Segmental Performance for Finolex Industries’ Pipes Business
Agricultural Pipes: The Q1 FY27 Volume declined 27% YoY. The segment dominates Finolex’s overall mix at 69% of total volume. Channel destocking disproportionately impacted Finolex Industries’ overall volume.
Non-Agricultural Pipes: Quarterly Volume for non-agricultural pipes segment dropped 24% YoY.
About Finolex Industries Limited: Finolex Industries Ltd. is a part of the Finolex Group, which was founded in 1958 by Mr. Pralhad P. Chhabria. The company has three manufacturing facilities, which are located at Ratnagiri and Urse in Maharashtra, and at Masar in Gujarat.