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Our Bureau

Pune, Jan. 30

Finolex Industries Ltd has reported a Q3 net profit of Rs 23 crore, a growth of 56 per cent on a 68 per cent growth in the topline which stood at Rs 347.34 crore against Rs 206.36 crore in the corresponding quarter last year. The EPS was Rs.1.85 (Rs 1.18). The net profit for the first nine months of the current fiscal stood at Rs 52.43 crore (Rs 26.94 crore). The turnover rose to Rs 849.03 crore (Rs 618.01 crore). The third quarter earnings before interest, depreciation and tax stood at Rs 47.71 crore (Rs 33.86 crore), a rise of 40 per cent.

FIL is the largest manufacturer of PVC pipes and second largest manufacturer of PVC resin in India. The domestic demand for resin is expected to show double-digit growth in the current year while global demand is pegged at 3.5 per cent.

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