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.
Finolex Q1 Highlights (Consolidated, YoY)
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.
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