Finolex Industries Q1 Results: Profit Plunges 80%

Finolex Industries Ltd. reported a dip in both profit and revenue in the first quarter of financial year 2026.

The bottom line was down over 80% to Rs 98 crore from Rs 500 crore in the year-ago period, according to an exchange filing on Saturday.

• Revenue down 8.5% to Rs 1,043.15 crore versus Rs 1,140.49 crore.

• Ebitda down 54.7% to Rs 93.59 crore versus Rs 206.65 crore.

• Margin at 9% versus 18.1%.

• Net profit down 80.4% to Rs 98.16 crore versus Rs 500.73 crore.

The shares of Finolex Pipes closed 2.69% lower at Rs 200.72 on Friday, compared to a 0.82% decline in the benchmark index Nifty 50 at close.

The scrip slipped over 36.12% in the last 12 months and declined 20.21% on a year-to-date basis.

Ten out of the 20 analysts tracking the company have a buy call on the stock, eight have a 'hold' rating and two recommend a sell according to Bloomberg data. The price target is set at Rs 242, implying a 20% upside.