Finolex Industries reported a net profit of ₹580.34 crore for the financial year ended March 31, 2026 (FY26), a decrease from ₹777.86 crore in the previous year. The decline is attributed to the absence of exceptional items, as the prior year included a net gain of ₹416.99 crore from the transfer of rights on leasehold land in Chinchwad, Pune. Revenue from operations for FY26 stood at ₹4,113.43 crore, marginally lower than the ₹4,141.97 crore recorded in FY25. The company's Board of Directors approved the audited standalone and consolidated financial results during a meeting held on May 26, 2026. The audited financial results were published in the Financial Express - All India edition and Loksatta - Pune edition on May 28, 2026, in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

For the quarter ended March 31, 2026 (Q4FY26), the company recorded a net profit of ₹254.22 crore, a significant increase from ₹150.26 crore in the same period last year. This growth was driven by a 95.88% surge in EBITDA to ₹333.00 crore, which expanded the EBITDA margin to 25.34% from 14.62% in Q4FY25. Revenue for the quarter rose to ₹1,313.88 crore from ₹1,171.81 crore in the prior year. In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audio recording of the conference call to discuss Q4FY26 financial results has been uploaded to the company's website.

Financial Performance

The Board recommended a total dividend of ₹2.75 per equity share of ₹2 each for FY26. This comprises a final dividend of ₹2 (100%) and a special dividend of ₹0.75 (37.50%). The payout is subject to tax deduction and shareholder approval at the ensuing Annual General Meeting. Additionally, the Board re-appointed M/s. S. R. Bhargave & Co as Cost Auditors and M/s. M M Nissim & Co LLP as Internal Auditors for FY26-27.

Operational Metrics

Effective April 1, 2025, Finolex Industries re-aligned its internal reporting structures to operate as a single integrated business focused on the manufacture and sale of Pipes and Fittings, in accordance with Ind AS 108. Sales volumes for FY26 stood at 332,736 metric tonnes (MT), a decline of 4% from 347,982 MT in FY25. The statutory auditors, Walker Chandiok & Co LLP, issued an unmodified opinion on the standalone and consolidated financial results.

Orbit Electricals Private Limited has confirmed that it, along with persons acting in concert, has not created any encumbrance on the equity shares of Finolex Industries Limited during the financial year ended March 31, 2026. The declaration was submitted to the stock exchanges to ensure compliance with regulatory requirements regarding shareholding disclosures.

The disclosure was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters and persons acting in concert to declare whether they have encumbered any shares held by them during the relevant financial year.

Orbit Electricals addressed the declaration to the Listing Departments of the National Stock Exchange of India Limited and BSE Limited. The communication was signed by Meena D'Sa, Authorised Signatory, on behalf of Orbit Electricals Private Limited.

The filing confirms that the promoters and persons acting in concert have not pledged or otherwise encumbered their holdings in Finolex Industries Limited during FY26. A copy of the declaration was also marked to the Audit Committee of Finolex Industries Limited.