Finolex Industries Ltd (BOM:500940)
₹ 275.7 -5.85 (-2.08%) Market Cap: 170.19 Bil Enterprise Value: 151.94 Bil PE Ratio: 21.23 PB Ratio: 2.51 GF Score: 90/100
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Q1 2025 Finolex Industries Ltd Earnings Call Transcript

Jul 29, 2024 / 05:30AM GMT
Release Date Price: ₹328.3 (+3.37%)

Key Points

Positve
  • EBITDA increased by 35.53% year on year to INR 206.65 crore in Q1 FY25 compared to INR 152.47 crore in Q1 FY24.
  • EBITDA margin improved to 18.12% in Q1 FY25 from 12.93% in Q1 FY24.
  • The company reported a PAT of INR 505.20 crore in Q1 FY25, including an exceptional gain from the sale of land.
  • PVC Resin segment revenue increased significantly to INR 548.23 crore in Q1 FY25 from INR 359.41 crore in Q1 FY24.
  • The company has a strong balance sheet with a net cash surplus of roughly INR 2,400 crore as of 30 June 2024, compared to INR 1,650 crore in the previous year.
Negative
  • Total income from operations decreased by 2.67% to INR 1,140 crore in Q1 FY25 from INR 1,179.17 crore in Q1 FY24.
  • Pipes and Fittings revenue decreased by 2.67% year-on-year to INR 1,123 crore in Q1 FY25.
  • Volume in the Pipes and Fittings segment decreased marginally by 1.69% year on year to 90,620 metric tons in Q1 FY25.
  • The company faced supply constraints in the first two months of the quarter, affecting pipe volume growth.
  • There were no significant inventory gains for the quarter, and the company expects continued volatility in the resin segment.
Operator

Ladies and gentlemen, good day, and welcome to Finolex Industries Q1 FY25 post earnings conference Call hosted by ICICI Securities. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Arun Beth. Thank you and over to you.

Arun Beth
ICICI securities - Moderator

Good morning, ladies and gentlemen. On behalf of ICICI Securities, I welcome you all to the Q1 FY25 post earning call of Finolex Industries. For the management side, we have Mr. Ajit Venkataraman, MD; and Mr. Chandan Verma, Deputy CFO.

Now I hand over the call to Ajit for his opening remarks, post which the floor will open for Q&A. Over to you Ajit.

Ajit Venkataraman
Finolex Industries Ltd - Managing Director, Executive Director

Good morning, ladies and gentlemen. Welcome to the investor conference call the Q1 FY24 earnings release. We thank you all for your continued support and interest in Finolex Industries Limited.

The Company closed the quarter with a good

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