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An announcement from Finolex Industries Limited ( (IN:FINPIPE) ) is now available.
Finolex Industries Limited reported its unaudited financial results for the third quarter ending December 31, 2024, highlighting a modest volume growth despite a weak demand scenario. The company experienced a decline in total income by 1.8% and a significant drop in EBITDA by 30.4% compared to the previous year. Despite these challenges, the company has managed to achieve a substantial profit after tax increase of 113.6% for the nine-month period due to an exceptional item gain, indicating resilience in its operations amidst market difficulties.
More about Finolex Industries Limited
Finolex Industries Limited is a prominent player in the pipes and fittings industry, primarily focusing on the manufacturing and distribution of PVC resin and related products. The company is known for its extensive market presence in India, catering to a wide range of applications in agriculture, construction, and other industrial sectors.
YTD Price Performance: -18.38%
Average Trading Volume: 83,978
Current Market Cap: 126B INR
For a thorough assessment of FINPIPE stock, go to TipRanks’ Stock Analysis page.