Finolex January-March Net Profit Falls, But Beats Street View

Finolex Industries Ltd.'s net profit for the March quarter fell 7% on year to ₹1.50 billion, as lower sales weighed on performance. However, the bottom line comfortably beat analysts' forecast of ₹1.01 billion—exceeding expectations by over 48%.

Revenue from operations declined 5% on year to ₹11.72 billion, even as it rose 17% sequentially from ₹10.01 billion. Total expenditure for the quarter stood at ₹10.34 billion, down just over 2% on year. Cost of materials consumed rose nearly 8% on year to ₹7.27 billion, while other expenses dropped over 7% to ₹1.81 billion. The company’s tax outgo fell more than 8% on year to ₹525.10 million.

Quarter-on-quarter, net profit more than doubled from ₹709.60 million.

For 2024-25, Finolex Industries reported a 70.9% on-year jump in net profit to ₹7.78 billion, despite a 4% drop in revenue to ₹41.42 billion.

The board recommended a final dividend of ₹2 per share and a special dividend of ₹1.60 per share for the year.