Finolex Industries zooms 15% on strong operational performance in Q4

In the past three months, the stock has outperformed the market by zooming 62 per cent, as compared to 8 per cent gain in the S&P BSE Sensex

Shares of Finolex Industries hit a new high of Rs 198.90 after rallying 15 per cent on the BSE in intra-day trade on Monday after the company posted over five-fold jump in profit after tax (PAT) at Rs 297 crore in March quarter (Q4FY21), on the back of healthy operational performance. The company, India’s largest and only backward integrated manufacturer of PVC pipes and fittings, had a profit after tax (PAT) of Rs 56 crore in Q4FY20. The stock surpassed its previous high of Rs 178.75, touched on June 23, 2021.

Total revenue registered a year on year (YoY)