Finolex Industries Financials for Q3 FY26: Revenue Dips 10.35%, PAT up 23.46% YoY
Finolex Industries Ltd. [NSE: FINPIPE, BSE:500940], an Indian manufacturer of PVC Resin and PVC Pipes & Fittings, has announced its financial results for Q3 FY26.
Finolex Industries’ Standalone Financial Figures for Q3 FY26
In Q3 FY26, Finolex Industries generated a standalone revenue of Rs. 897.66 crore from operations. Also, the company reported a Profit after Tax (PAT) of Rs. 109.99 crore.
Finolex Industries’ Consolidated Financial Figures for Q3 FY26
YoY Comparison of Consolidated Financials: Q3 FY26 vs. Q3 FY25
Coming to Finolex Industries’ consolidated revenue, the company clocked a revenue of Rs. 897.66 crore in Q3 FY26. When compared Year-over-Year (YoY) with Q3 FY25’s revenue of Rs. 1,001.24 crore, a decrease in revenue of 10.35% can be observed.
Further, the company’s PAT rose to Rs. 116.08 crore in Q3 FY26 from Rs. 94.02 crore in Q3 FY25, highlighting a 23.46% increase YoY.
As for Finolex Industries’ Earning Per Share (EPS), Q3 FY26 stood at Rs. 1.88 and Q3 FY25 stood at Rs. 1.52, an increase of 23.68% YoY.
QoQ Analysis of Consolidated Financials: Q3 FY26 vs. Q2 FY26
Quarter-over-Quarter (QoQ) comparison for Finolex Industries’ consolidated revenue shows a slight increase of 4.53% in Q3 FY26 against Q2 FY26’s revenue of Rs. 858.74 crore. On the other hand, PAT for Q3 FY26 was down by 6.05% when compared to Q2 FY26’s PAT of Rs. 123.56 crore.
Key Insights: Decrease in Volume & Revenue, Improved Operating Performance
The company’s Investor presentation for Q3 FY26 financials stated that the decrease in consolidated revenue was due to weaker realisation, which occurred because of weak PVC prices.
In the company’s Earnings call, Mr. Udipt Agarwal, Managing Director, Finolex Industries Ltd., said, “We see a little dip in our volume numbers for the quarter and also correspondingly for the 9 months ended for the current financial year, mainly on account of the monsoon season”. He further noted that the sales volume has decreased 14% to 73,500 metric tons from 85,767 metric tons in Q3 FY25.
Whereas, Mr. Agarwal also highlighted that the company’s operating performance for Q3 FY26 has seen noteworthy improvements, which he reasoned as being “largely supported by softening of the raw material prices and also the operational efficiencies.”
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.
