Finolex Industries: Q2 revenue grows despite volume dip, H1 shows mixed results

Finolex Industries Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2025. For Q2 FY26, sales volume decreased by 6% to 65,336 MT from 69,341 MT in Q2 FY25. Despite this, revenue grew by 4% to ₹859 crore, up from ₹828 crore in Q2 FY25, indicating improved realization. EBITDA saw a significant improvement, reaching ₹130 crore compared to ₹11 crore in Q2 FY25, while Profit Before Tax (PBT) also surged to ₹158 crore from ₹62 crore in the prior year's quarter.

For the half-year (H1 FY26), sales volume marginally decreased by 2% to 157,465 MT from 159,961 MT in H1 FY25. Revenue for H1 FY26 was ₹1,902 crore, a 3% decrease from ₹1,969 crore in H1 FY25, primarily due to weaker realization. EBITDA for H1 FY26 increased to ₹224 crore from ₹217 crore in H1 FY25. PBT (before exceptional items) for H1 FY26 was ₹284 crore, a slight decrease from ₹290 crore in H1 FY25. The company maintains a strong liquidity position with free cash (net) of approximately ₹2359 crore.