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  • Finolex Industries Q1 FY22 PAT jumps 157% to Rs 146 cr
  • July 31,2021  13:28
  • Consolidated profit before tax soared 156.6% to Rs 198.44 crore in Q1 FY22 as against Rs 77.34 crore in Q1 FY21. The Q1 earnings was declared after trading hours yesterday, 30 July 2021.

    On a standalone basis, volumes in Pipes and Fittings segment grew 5.5% to 55,819 million tonnes (MT) in Q1 FY22 against 52,911 million tonnes (MT) in Q1 FY21. Volumes in PVC Resin segment climbed 10.6% to 50,249 MT in Q1 FY22 against 45,435 MT in Q1 FY21.

    Commenting on the Q1 results, Prakash P. Chhabria, the executive chairman of Finolex Industries, has said that: After reaching all-time highs, the PVC prices seem to be cooling off, which is a positive sign for further opening up of the market.

    Finolex Industries is one of the largest supplier of PVC pipes & fittings for the agriculture and non-agricultural sectors.

    Shares of Finolex Industries rose 0.17% to close at Rs 176.90 on Friday, 30 July 2021.

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