Finolex Industries Limited: Q2FY14 Results
Finolex Industries Limited: Q2FY14 Results
Finolex Industries Limited: Q2FY14 Results
Q2FY14 Results
Business Performance
Business Highlights
Financials
Industry Outlook
32nd AGM Chairmans Message
Business Performance
Business Highlights
Financials
Industry Outlook
32nd AGM Chairmans Message
Business performance
Gross margins continue to grow. 30% margins for the quarter ended Q2FY14 highest in last 8 quarters. EBIDTA margins before FOREX loss improved further to 21% vis--vis 18% in Q2FY14. Quarterly segmental revenues (including inter division sales) Particulars
PVC Pipes & Fittings
PVC
Q1FY14
INR Mln. MT
Q2FY13
INR Mln. MT
Q2FY14
INR Mln. MT
4,349.18
3,627.35
53,840
57,994
2,980.14
2,779.48
42,863
36,696
2,778.66
3,244.96
29,489
46,021
Power (Mwh)
450.35
61,754
514.00
72,348
406.10
50,998
Business Performance
Business Highlights
Financials
Industry Outlook
32nd AGM Chairmans Message
Business Highlights
Prolonged monsoon resulted in fall in demand for pipes and fittings during the quarter. In spite of a weak quarter, there is an increase in the prices of pipes because of an unprecedented increase in the raw material prices. FOREX volatility continues to remain a challenge. FOREX losses of INR 325.62 Mln. for the quarter ended Q2FY14. Realised Loss INR 306.36 Mln.
Unrealised Loss INR 19.27 Mln. Most of the sales in non monsoon states during the quarter - reflects distribution strength.
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Business Performance
Business Highlights
Financials
Industry Outlook
32nd AGM Chairmans Message
Quarterly P&L
Quarterly PL (INR million) Net Income Cost of goods sold Gross Profits Q3 Q4 Q1
Q2
Gross margins (%) EBIDTA before forex gain/(loss) EBIDTA (%) EBIDTA after forex gain/(loss) EBIT before forex gain/(loss) EBIT (%) PBT PBT (%) PAT PAT (%) EPS
FY13 6,144 4,779 1,366 22% 940 15% 573 805 13% 421 7% 306 5% 2.47
FY12 5,687 4,582 1,105 19% 497 9% 311 301 5% (35) -1% (18) 0% -
FY13 6,296 4,669 1,627 26% 1,099 17% 1,277 967 15% 1,106 18% 793 13% 6.39
FY12 5,930 4,766 1,164 20% 774 13% 944 592 10% 728 12% 562 9% 4.53
FY14 5,635 4,307 1,328 24% 946 17% 407 799 14% 318 6% 226 4% 1.82
FY13 5,199 3,902 1,296 25% 875 17% 138 735 14% (142) -3% (137) -3% -
FY14 3,899 2,739 1,160 30% 815 21% 490 667 17% 391 10% 274 7% 2.21
FY13 3,809 2,742 1,068 28% 673 18% 639 536 14% 516 14% 399 10% 3.22
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Q2 FY14 FY13
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Assets Fixed Assets (Net Block) Capital WIP Non-current investments Current investments
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Business Performance
Business Highlights
Financials
Industry Outlook
32nd AGM Chairmans Message
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Industry outlook
PVC pipe industry growing at a CAGR of 10% over the last 5 years.
Total pipe market stands at about 1.6 MT as per Industry estimates.
Rapid shift from the un-organised segment towards the organised segment and currently 50% market remained organised.
Monsoon season is usually a slack season for local PVC pipe manufacturers.
Good monsoon likely to help boost rural incomes.
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Business Performance
Business Highlights
Financials
Industry Outlook
32nd AGM Chairmans Message
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