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12/15 12:54
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Earnings Report Overview: Finolex Cables Ltd reported a 2% growth in pipes and fittings volume, but total income from operations decreased by 9%, with EBITDA falling significantly to INR 94 crores.
Financial Position: The company has a strong balance sheet with a net cash surplus of INR 2,533 crores and is focusing on expanding its non-agricultural segment to improve margins.
Capacity Expansion Plans: Finolex has added 50,000 tons of capacity recently and plans further expansion at existing locations, aiming for double-digit growth despite current market challenges.
Market Trends and Challenges: The company faced declining PVC prices impacting margins, but saw a 10% growth in CPVC volume, indicating strong demand in that segment.
