Finolex Industries has reported results for first quarter ended June 30, 2015.
The company has reported 39.95% rise in its net profit at Rs 70.25 crore for the quarter ended June 30, 2015 as compared to Rs 50.20 crore for the same quarter in the previous year. However, the company’s total income has decreased by 4.76% to Rs 636.127 crore for the quarter under review from Rs 667.93 crore for the corresponding quarter of the 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.
