Page 2 - Pvc Pipe

Finolex Industries Q2 results: Net profit at Rs 97.96 cr, revenue down 6%

PVC pipes and fittings manufacturer Finolex Industries on Saturday reported a consolidated profit of Rs 97.96 crore for the quarter ending September 30. The company had posted a loss of Rs 95.38 crores during the corresponding quarter of the previous financial year, Finolex Industries said in a regulatory filing. Revenue from operations of the company, however, witnessed a decline of 6.16 per cent during the quarter under review at Rs 883.15 crores compared to Rs 941.13 crores in the same period of the previous fiscal. "Indian economy is displaying continued consumption-led growth in both the rural and the urban segments of the country. The pipes and fittings segment which plays an important role in contributing to economic growth has been growing strong on a year-on-year basis. The global PVC prices are near historic lows, which might bolster pipe and fittings demand once prices stablise," Finolex Industries Prakash P Chhabria Executive Chairman said. Shares of the company on Frid

Sanituf India's Superior 'low cost' PVC Products Driving Expansion in Sanitary-ware Market across India

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Astral's high growth prospects reflect well in its high valuation

After gaining 40% already in FY24, the stock is trading at a PE of over 100x

Recovery in pipeline for pipe makers with price correction down the tubes

Margins to expand, given demand recovery in key segments and falling input costs

Street Signs: Likely shift to broader market, PVC pipe firms to gain & more

After a sustained run, the benchmark Nifty is likely to move sideways and action could shift to the broader market

Near term margins may remain subdued for Astral, high valuation weighs

The company underperformed peers on the volume front in Q2, though margin impact was lower given value-added mix

Near term margins may remain subdued for plastic pipe maker Astral

It underperformed peers on the volume front in Q2, though margin impact was lower given value-added mix

Reliance Industries ups O2C play as competitive intensity grows

Adani, TCG among key rivals in the sector

Chemfab Alkalies zooms 77% in 5 weeks on strong business outlook

With the focus of both the Central as well as State Governments on water connectivity and distribution, the company expects demand for the PVCO pipes to be robust.

Plastic pipe makers may underperform in near term on Omicron stress

Weak Q3, lower PVC prices, demand uncertainty are key concerns

Pipe makers face margin pressure; may underperform in the near term

While the sector has grown at 10% over the last five years till FY21, it is expected to grow at a faster pace of 12% until FY25

Astral hits new high on board nod to merger of adhesive arm Resinova

In the past one month, the stock of Astral has rallied 27 per cent, as compared to a 5 per cent rise in the S&P BSE Sensex

Realty revival to push PVC pipe sales, prop Supreme Industries stock

Strong demand for plastic pipes, higher value-add mix drive earnings upgrade

High margins of plastic pipe makers unlikely to sustain going forward

Volume recovery and cost rationalisation may offset some of the pressure on margins

Lubrizol, Grasim Industries partner for India's largest CPVC resin plant

The project will be done in two phases, with the first phase of production expected to be operational in late-2022

Monsoon demand to revive PVC pipe manufacturers' margins in June quarter

Players like Finolex Industries, Astral Poly Technik and Supreme Industries set to harvest rich dividend