Finolex Industries Limited has scheduled its 45th Annual General Meeting for Tuesday, September 22, 2026. The meeting will commence at 4:00 pm and will be conducted through Video Conferencing or Other Audio Visual Means.

The company published advertisements regarding the notice in Financial Express (English) and Loksatta (Marathi) on August 27, 2026. This disclosure was made pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The filing aligns with General Circular No. 03/2025 dated September 22, 2025, issued by the Ministry of Corporate Affairs. Copies of the newspaper advertisements are available on the company’s website.

Meeting Details

Dakshinamurthy Iyer, Company Secretary & Head Legal, signed the disclosure letter addressed to the National Stock Exchange of India Limited and BSE Limited.

Finolex Industries reported a standalone net profit of ₹107.41 crore for the quarter ended June 30, 2026, marking a 10.8% year-on-year increase from ₹96.93 crore in Q1FY25. The growth was primarily driven by significant operating leverage, with EBITDA margins expanding to 12.06% from 8.96% in the corresponding period last year, even as revenue from operations contracted by 14.5% to ₹883.58 crore. This margin improvement underscores the company’s ability to manage costs effectively amidst lower sales volumes, delivering stronger bottom-line results for shareholders.

The Board of Directors approved the unaudited financial results at its meeting on August 6, 2026, in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by M/s. Walker Chandiook & Co LLP, the statutory auditors of the company. Additionally, the board issued notice for the 45th Annual General Meeting, scheduled for September 22, 2026, to be held via Video Conferencing or Other Audio Visual Means.

Financial Performance Overview

Standalone revenue from operations stood at ₹883.58 crore in Q1FY26, down from ₹1,043.15 crore in Q1FY25 but up 33.6% sequentially from ₹656.36 crore in Q4FY25. Total income reached ₹958.91 crore, supported by other income of ₹75.33 crore, compared to ₹64.68 crore in the prior year quarter. Operating expenses totaled ₹811.35 crore, comprising cost of materials consumed at ₹427.58 crore and employee benefits at ₹55.12 crore. Profit before tax was ₹147.56 crore, yielding a PAT of ₹107.41 crore after a total tax expense of ₹40.15 crore.

Consolidated results mirrored standalone operations closely, with revenue identical at ₹883.58 crore. Consolidated profit before tax rose to ₹147.80 crore, aided by a share of profit from associates of ₹0.24 crore. The effective tax rate benefited from a deferred tax credit of ₹7.29 crore, reducing total tax expense to ₹33.28 crore. Consolidated PAT reached ₹114.52 crore, up from ₹98.16 crore in Q1FY25. Earnings per share (basic) were ₹1.74 for standalone and ₹1.85 for consolidated entities.

The following table summarizes the key financial metrics for the quarter:

EBITDA and Margin Performance

A key highlight of the quarter was the marked improvement in operating profitability. EBITDA for Q1FY26 stood at ₹1.06B, compared to ₹1.04B in Q1FY25, with the EBITDA margin expanding to 12.06% from 8.96% in the year-ago period. This margin expansion reflects improved cost efficiency despite a year-on-year decline in revenue, underscoring better operating leverage and expense management during the quarter.

What the Numbers Show

The divergence between standalone and consolidated net profit growth highlights the impact of tax structuring and associate performance. While standalone operations delivered a solid 10.8% profit increase on flat revenue, the consolidated bottom line grew faster at 16.8%, primarily due to a ₹7.29 crore deferred tax credit that lowered the effective tax burden. Additionally, the share of profit from associates—Finolex Plasson Industries Private Limited and Pawas Port Limited—contributed ₹0.24 crore, up from ₹4.81 crore in Q1FY25, indicating a normalization after a high base. The significant rise in other comprehensive income, driven by ₹747.07 crore in fair value gains on equity instruments, boosted total comprehensive income to ₹861.59 crore, though this is non-operational in nature.