Finolex Industries Limited — Q2FY27 earnings call summary

Filed 06 November 2026 · Official transcript

Q2 FY27 volume grew 28% y-y to 83,407 MT; revenue rose 27% to INR1,094 Cr
PBT flat at INR153 Cr vs INR158 Cr in Q2 FY26; H1 volume down 4% y-y at 151,106 MT
Capex planned at INR150 Cr in FY27 for debottlenecking and routine maintenance
EBITDA margin target ~14-15% for full FY27; H1 margin ~12.5%
Agri/non-agri mix ~60/40 in Q2; CPVC volume ~8%; fittings ~12% of volume
PVC prices stable; minimum import price in effect till mid-Jan 2027
Utilization ~68% for pipes and fittings; resin lines full except seasonal VCM line downtime
Supply chain impacted by Middle East geopolitical issues but managed well