Finolex Industries Limited (FIL) announced unaudited financial results Q3 FY25 for the third quarter ended Dec 31, 2024 where total income from operations was Rs. 1,001.24 crore for Q3 FY25, down 2% against Rs. 1,019.69 crore in Q3 FY24.

Volume in Pipes & Fittings segment increased by 5% to 85,767 MT against 81,312 MT in Q3 FY24. Volume in the PVC Resin segment increased by 30% to 56,830 MT against 43,737 MT in Q3 FY24. EBITDA stood at Rs. 83.43 crore against the EBITDA of Rs. 119.90 crore for Q3 FY24. PAT stood at Rs. 70.96 crore in against PAT of Rs. 89.21 crore in Q3 FY24.

Volume in Pipes & Fittings segment was up by 4% to 2, 45,729 MT in 9M FY25 against 2, 36,406 MT in 9M FY24. Total income from operations was Rs. 2,970.16 crore, down 4% against Rs. 3,082.01 crore in 9M FY24. Volume in the Resin segment grew by 31% to 1, 66,690 MT in 9M FY25 against 1, 27,327 MT in 9M FY24. EBITDA stood at Rs. 301.83 crore down by 20% against EBITDA of Rs. 375.92 crore for 9M FY24. Profit after tax was increased to Rs. 627.60 crore (including exception gain) for 9M FY25 compared to Rs. 293.87 crore in 9M FY24.

Commenting on the quarterly results, Prakash P. Chhabria, Executive Chairman, Finolex Industries Limited said, “FIL has registered modest volume growth in Pipes & Fittings volume in spite of weak demand scenario during the quarter. The operating performance of the company is muted mainly due to weaker realisation. The company’s continuous efforts to penetrate into the non-agri segment is going on.”