Finolex Industries has reported results for fourth quarter ended March 31, 2012.
On the standalone basis, the company has reported a six-fold jump in its net profit at Rs 56.19 crore for the quarter ended March 31, 2012 as compared to Rs 8.77 crore for the same quarter in the previous year. However total income has decreased by 5.23% at Rs 593.00 crore for quarter under review as compared to Rs 625.73 crore for the quarter ended March 31, 2011
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.