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Finolex Industries surges 9% on healthy September quarter numbers

In Q2FY21, the Ebitda margin improved to 24.7 per cent from 14.2 per in the corresponding quarter of the previous year.

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On a sequential basis, net profit more-than-doubled from Rs 57 crore in the June quarter (Q1FY21).

SI Reporter Mumbai
Shares of Finolex Industries surged 9 per cent to Rs 579 on the BSE in the early morning deals on Tuesday after the company reported a 17 per cent year-on-year (YoY) growth in net profit at Rs 120 crore, on the back of healthy operational performance in September quarter (Q2FY21). The plastic products manufacturer had a profit of Rs 103 crore in the year-ago quarter. On a sequential basis, net profit more-than-doubled from Rs 57 crore in the June quarter (Q1FY21).

Ebitda (earnings before interest, taxes, depreciation, and amortisation) rose 76.5 per cent YoY to Rs 145 crore, while margin

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First Published: Oct 27 2020 | 9:38 AM IST

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