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rNE183A01016
Dear Sirs,
Thanking you,
Yours truly,
For Finolex Industries Limited
Ms.Vidya Shembekar
General Manager (Legal) &
Company Secretary
Q3FY17 RESULTS
Operating
Results Summary Financial Overview Key Strategies Appendix
Highlights
3.5% 7.0%
Total Revenue (INR Mn) EBITDA (INR Mn) PAT (INR Mn)
1297
6,251 6,624
719
841
5.6% 54.2% 424 69.6%
Management Comment: The volumes in Q3FY17 were lower compared to Q3FY16 due to lower offtake as a result of demonetisation. The
profitability improved due to higher spread in PVC segment. We expect pipes & fittings volumes to pick up in the coming months.
* Including inter segment transfer # P&F represents Pipes and Fittings
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Operating
Results Summary Financial Overview Key Strategies Appendix
Highlights
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Operating
Results Summary Financial Overview Key Strategies Appendix
Highlights
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Operating
Results Summary Financial Overview Key Strategies Appendix
Highlights
293 1297
840
IND AS
EBITDA Q3FY16 Cost of Raw Material Employee Benefit Power and Fuel Other expenses Sales* EBITDA Q3FY17
exp
Business Scenario
67,693 66,125 97,505
57,967 83,093
56,966
61,826 60,542
Volumes (MT)
PVC Volumes
38,266
41,512 39,902
(MT)
Q3'15 Q4'15 Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q3'15 Q4'15 Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17
1100
700
PVC/EDC Delta
670
(USD/MT)
900 960
600
(USD/MT)
700
PVC
500
400 500
Apr-14 Sep-14 Mar-15 Sep-15 Feb-16 Jul-16 Dec-16 Apr-14 Sep-14 Mar-15 Sep-15 Feb-16 Jul-16 Dec-16
Total income from operations 9,024 7,323 5,341 6,251 9,221 7,769 5,234 6,624
EBIDTA margins (%) 7.9% 17.4% 9.8% 13.5% 12.1% 20.5% 16.6% 19.6%
PBT margins (%) 5.7% 14.3% 11.1% 10.6% 12.3% 18.5% 15.1% 17.0%
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Operating Financial
Results Summary Key Strategies Appendix
Highlights Overview
EBIDTA before exceptional items 2,313 3,587 3,966 2,111 3,751 3,751
EBIDTA margins before exceptional items (%) 11.02% 16.72% 16.17% 8.52% 15.29% 15.29%
EBIDTA after exceptional items 2,168 2,626 3,268 1,896 3,996 3,996
Note: As per the provisions of section 129 (3) of the Companies Act, 2013, the Company has prepared consolidated financials statements (includes Finolex Plasson Industries Pvt Ltd) for the first
time in FY16 and as such previous years figures have not been disclosed.
*Figures as per IndAS
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Operating Financial
Results Summary Key Strategies Appendix
Highlights Overview
Assets
Key Ratios
ROE Gross Debt (INR Mn) EBITDA Margin*
10,424
15.3%
24.4% 8,394
7,466 7,134 11.9%
6,371
12.3%
2,117
FY11 FY12 FY13 FY14 FY15 FY16 FY11 FY12 FY13 FY14 FY15 FY16 FY11 FY12 FY13 FY14 FY15 FY16
2.86
27.7%
1.20
10.7%
2.29
0.20
FY11 FY12 FY13 FY14 FY15 FY16 FY11 FY12 FY13 FY14 FY15 FY16 FY11 FY12 FY13 FY14 FY15 FY16
Key Strategies
CASH-N-CARRY
Cash-n-carry model to keep the balance
sheet light BRANDING
Growing brand and quality
consciousness amongst consumer
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Results
Operating Highlights Financial Overview Key Strategies Appendix
Summary
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Results
Operating Highlights Financial Overview Key Strategies Appendix
Summary
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Operating
Results Summary Financial Overview Key Strategies Appendix
Highlights
Images of warehouses
Masar Indore
Cu ack
Pune
Urse
Ratnagiri
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Operating
Results Summary Financial Overview Key Strategies Appendix
Highlights
Finolex pipes branding at the Shaheedi Jor Mela at Finolex pipes advertising at Himatnagar in Finolex pipes branding on the occasion of Navratri
Fatehgarh Sahib, Punjab Gujarat at Kolkata, West Bengal
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Operating
Results Summary Financial Overview Key Strategies Appendix
Highlights
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Operating
Results Summary Financial Overview Key Strategies Appendix
Highlights
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Operating
Results Summary Financial Overview Key Strategies Appendix
Highlights
Indias most Trusted Brand Global CSR Excellence & Best Safety Practices Award Recognized by Economic
in the category Leadership Award at the 2015 by National Safety Times as Top 100 Brands in
Manufacturing Pipes 5th edition of Blue Dart council Maharashtra the Architecture and
awarded by Brand Trust World CSR day initiative Chapter & Directorate of Design Sector.
Report 2015 Industrial Safety & Health,
Maharashtra State
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Operating
Results Summary Financial Overview Key Strategies Appendix
Highlights
35.74%
Promoters
Mutual Funds
52.47% Foreign Portfolio Investors
Others
3.84%
7.95%
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Agri Pipes and Fittings Column Pipes Casing Pipes ASTM Pipes and Fittings
SAFE HARBOR STATEMENT: No part of this presentation is to be circulated, quoted, or reproduced for any distribution
without prior written approval from Finolex Industries Limited, Chinchwad, Pune-411 019, India. Certain part of this
FINOLEX INDUSTRIES LIMITED presentation describing estimates, objectives and projections may be a forward looking statement within the meaning
of applicable laws and regulations. Actual results might differ materially from those either expressed or implied.
fil@s-ancial.com
D-1/10, M.I.D.C. Chinchwad, Pune 411 019
020 2740 8200 | 1-800-2003466
www.finolexwater.com
Revenue 6,624 mn
Q3FY17 EBITDA 1,297 mn
Earnings Release PAT 719 mn
Profit After Tax for Q3FY17 at INR 719 mn, up 70% YoY
Q3FY17 HIGHLIGHTS
The sales volumes for Pipes & Fittings was marginally lower at 40,996 MT in Q3FY17 against
42,445 MT in Q3FY16
Total income from operations was higher at INR 6,624 mn for Q3FY17 against INR 6,251 mn in
Q3FY16
EBITDA for Q3FY17 stood at INR 1,297 mn, up by 54%, against INR 841 mn for Q3FY16
Profit After Tax was at INR 719 mn for Q3FY17, up by 70%, against INR 424 mn for Q3FY16
MANAGEMENT COMMENTS
We will hold an earnings conference call on Monday, February 6, 2017 at 11:30 AM Indian Standard
Time to discuss performance for the quarter. Transcript/Audio recording of the management
discussions and the question and answer session will be available in the Investor Relations sections of
our website www.finolexwater.com
Please dial the numbers at least 5-10 minutes prior to the conference schedule to ensure that you are
connected in time.
Primary Number: +91 22 3960 0672; Secondary Number: +91 22 6746 5872
PROFIT AND LOSS ACCOUNT SUMMARY
CONTACT DETAILS
Mr. S. Krishnamoorthy (GM - Accounts & Finance) Investor Relations
sk@finolexind.com S-Ancial Global Solutions Pvt. Ltd
D-1/10, M.I.D.C. Chinchwad, Pune 411 019 Contact No.: 022 65361001
020 2740 8200 | 1-800-2003466 fil@s-ancial.com
www.finolexwater.com