Finolex Industries Q4 Profit Up 2% to Rs 161 cr

New Delhi, May 11 (PTI) Pipes maker Finolex Industries Limited has posted about a 2 per cent rise in its standalone profit after tax to Rs 161.43 crore in the March 2024 quarter on the back of higher revenues.

It had posted a profit after tax of Rs 158.35 crore in the corresponding period of the preceding fiscal, the company said in a statement on Saturday.

The total income from operations during the quarter under review also rose 8.27 per cent to Rs 1,235.42 crore from Rs 1,141.06 crore in the year-ago period, it added.

The company's EBITDA fell 3.91 per cent to Rs 208.93 crore in the last quarter compared to Rs 217.43 crore a year ago.

Prakash P Chhabria, Executive Chairman, Finolex Industries Limited said, "PVC prices remained stable during the second half of the year, leading to a healthy demand. Our operating performance during the year has been robust and with the company's increased focus on the plumbing and sanitation segment, the same is expected to improve further".