Finolex Industries500940Quarterly results
Board approves Q2 and H1 FY27 results; limited review conclusion unmodified
Finolex Industries' board met on October 30, 2026 and approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,093.96 | 858.74 | +27.4% | 883.58 | +23.8% |
| Total income | 1,149.29 | 916.49 | +25.4% | 958.91 | +19.9% |
| Profit before tax | 150.08 | 166.10 | −9.6% | 147.80 | +1.5% |
| Profit after tax | 115.02 | 123.56 | −6.9% | 114.52 | +0.4% |
| Total comprehensive income | 647.88 | (184.88) | — | 861.59 | −24.8% |
| Basic EPS | 1.86 | 2.00 | −7% | 1.85 | +0.5% |
- Total income YoY growth
- +25.4%
- Profit after tax YoY change
- −6.9%
- Period
- Quarter ended September 30, 2026
Auditor's review
Conclusion: Unmodified
Results at a glance
Finolex Industries' board met on Friday, October 30, 2026, from 07:00 p.m. to 09:15 p.m. (IST). The board approved and took on record the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with the limited review reports of statutory auditor Walker Chandiok & Co LLP.
Auditor's conclusion
- The review conclusion on both the standalone and consolidated statements is unmodified: nothing came to the auditor's attention that suggests the statements were not prepared as required or contain any material misstatement.
- A limited review is narrower than a full audit, so the auditor does not express an audit opinion.
Standalone results (amounts in Rs crore)
- Revenue from operations: 1,093.96 for the quarter, against 858.74 in the same quarter a year earlier.
- Total income: 1,153.93 for the quarter and 2,112.84 for the half year.
- Profit for the period: 122.38 for the quarter and 229.79 for the half year.
- Basic and diluted earnings per share: 1.98 for the quarter and 3.72 for the half year; paid-up equity share capital is 123.67, with shares of face value ₹ 2 each.
Watch the other comprehensive income line
- Other comprehensive income was 532.82 for the quarter; the biggest item was fair value changes in equity instruments through OCI at 623.24, partly offset by tax.
- Add that to reported profit and total comprehensive income comes to 655.20 for the quarter, against profit for the period of 122.38. The gap is a valuation movement on investments, not money earned from operations.
- Total comprehensive income for the half year was 1,509.65.
Balance sheet (standalone)
- Total assets 8,702.01 at September 30, 2026, against 7,407.70 at March 31, 2026.
- Total equity 7,416.97; non-current investments 3,712.93, against 2,348.81.
- Current borrowings 137.02, against 437.32 at March 31, 2026.
Cash flow (standalone, half year)
- Net cash generated from operating activities: 149.66.
- Net cash generated from investing activities: 309.27.
- Net cash used in financing activities: 484.96, which includes dividend paid of 170.04.
- Closing cash and cash equivalents: 5.37.
Consolidated scope
- The consolidated statement covers two associates: Finolex Piasson Industries Private Limited and Pawas Port Limited.
- The company's share of their net profit after tax was ₹1.46 crore for the quarter and ₹1.65 crore for the six-month period.
Small print worth knowing
- The company operates a single segment: manufacturing and sale of pipes and fittings.
- Interim financial information of the employees' welfare trust was reviewed by another auditor and relied upon; its total assets were ₹42.44 crore.
2,112.84 croreTotal income, standalone, half year
Total income, latest quarter1,149.29 (₹ Crore)
Total income, quarter958.91 (₹ Crore)
1,093.96 crore+23.8%
Previous883.58 (₹ Crore)After1,093.96 crore
Also from Finolex Industries
Finolex Industries to hold Q2FY27 results conference call on November 2, 2026 at 16:00 IST
28 Oct 2026
Board meeting on October 30 to approve unaudited results for quarter and half year ended September 30, 2026
26 Oct 2026
More numbers
- Total income, standalone, half year2,112.84 crore
- Profit for the period, standalone, quarter122.38 crore
- Profit for the period, standalone, half year229.79 crore
- Total assets, standalone, as at September 30, 20268,702.01 crore
- Net cash generated from operating activities, standalone, half year149.66 crore
- Share of net profit of associates, consolidated, quarter₹1.46 crore
- Total income, latest quarter1,149.29 (₹ Crore)
- Total income, year-ago quarter916.49 (₹ Crore)
- Total income, previous quarter958.91 (₹ Crore)
- Total comprehensive income, latest quarter647.88 (₹ Crore)
- Total comprehensive income, year-ago quarter(184.88) (₹ Crore)
- Total comprehensive income, previous quarter861.59 (₹ Crore)
- Profit after tax, latest quarter115.02 (₹ Crore)
- Profit after tax, year-ago quarter123.56 (₹ Crore)
- Profit after tax, previous quarter114.52 (₹ Crore)
- Revenue from operations, latest quarter1,093.96 (₹ Crore)
- Revenue from operations, year-ago quarter858.74 (₹ Crore)
- Revenue from operations, previous quarter883.58 (₹ Crore)
- Profit before tax, latest quarter150.08 (₹ Crore)
- Profit before tax, year-ago quarter166.10 (₹ Crore)
- Profit before tax, previous quarter147.80 (₹ Crore)
Source: BSE · 30 Oct 2026
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