Finolex Industries has reported results for second quarter ended September 30, 2014.
The company has registered 50% fall in its net profit at Rs 13.71 crore for the quarter under review as compared to Rs 27.42 crore for the same quarter in the previous year. Total income of the company has decreased 3.10% at Rs 394.47 crore for Q2FY15 as compared Rs 407.08 crore for the corresponding quarter previous year.
Finolex is the largest player in the fragmented and competitive PVC pipes and fittings market in India, with an overall share of around 22%. In addition, its established brand equity and large dealer network have enabled it to capture a significant share of the growing retail PVC pipe market.
