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Finolex Industries reports 70% jump in Q3 net profit

06 Feb 2017 Evaluate

Finolex Industries has reported results for third quarter ended December 31, 2016. 

The company has reported 69.53% rise in its net profit at Rs 71.95 crore for the quarter under review as compared to Rs 42.44 crore for the same quarter in the previous year. Total income of the company increased by 5.92% at Rs 665.29 crore for the quarter under review as compared Rs 628.13 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.

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