External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

External broker reports(aggregated public sources)

Prabhudas Lilladher is one of India's leading research based financial services organisation.

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<ul><li>Prabhudas Lilladher's research report onFinolex Industries We upward revise our FY25/FY26E adjusted earnings by 6.9%/8.1% on account of improvement in margins with operational efficiency and stable PVC-EDC spread, which expected to continue.</li><li>FNXP reported healthy volume growth of 23.0% YoY in its seasonally strong quarter for agri. business.</li><li>Management indicated high single-digit volume growth in its agri. business (~68% cont. in FY24) and ~20% growth in non-agri pipes and fittings segment.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Prabhudas Lilladher's research report onFinolex Industries We upward revise our FY25/FY26E adjusted earnings by 6.9%/8.1% on account of improvement in margins with operational efficiency and stable PVC-EDC spread, which expected to continue.FNXP reported healthy volume growth of 23.0% YoY in its seasonally strong quarter for agri. business.Management indicated high single-digit volume growth in its agri. business (~68% cont. in FY24) and ~20% growth in non-agri pipes and fittings segment.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Finolex Industries (FNXP IN) - Healthy Volumegrowth, Improvement in Margins

India

Finolex Industries Limited manufactures PVC pipes and fittings, which are sold primarily to businesses in the agricultural sector.  The Company also manufactures PVC resins, which are used as raw materials for PVC pipes and fittings.

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Finolex Industries (FNXP IN) - Healthy Volumegrowth, Improvement in Margins

We upward revise our FY25/FY26E adjusted earnings by 6.9%/8.1% on account of improvement in margins with operational efficiency and stable PVC-EDC...

Prabhudas Lilladhar