Finolex Industries has reported results for second quarter ended September 30, 2016.
The company has reported 27.63% rise in its net profit at Rs 51.32 crore for the quarter under review as compared to Rs 40.21 crore for the same quarter in the previous year. However, total income of the company decreased marginally by 2.42% at Rs 532.34 crore for the quarter under review as compared Rs 545.53 crore for the corresponding quarter previous year.
The company manufactures PVC-U pipes and fittings, prominently in agriculture and also in non-agriculture sector including housing, telecom, construction and industries. The Pune based company has three plants in Baroda, Pune and Ratnagiri with a combined capacity 2.5 lakh tonnes of PVC pipes and fittings.
