Finolex Industries Q3 FY10 Results : Turnaround

by khalid on 16/01/2010 · 0 comments

Finolex Industries Limited is engaged in to manufactures and markets polyvinyl chloride, pipes, fittings and related products. The company is one of the leading petrochemical companies in India. The company has posted a turnaround in net profit for the period Q3 (ending Dec 09) of the current fiscal (FY10). During the said quarter, net profit of the company has come to Rs 11.34 crores in comparison to the Rs 60.92 crores loss of Q3 (ending Dec 08) of previous year(FY09).

The company informed the market that the net sales increased 1.98% to Rs 415.45 crores in Q3 FY10 when compared with the same quarter Q3 FY09 of previous year. Net sales was Rs 407.37 crores in last year’s quarter.

Share’s Data :
BSE Code : 500940
Mkt. Cap: Rs 810 Crores
P/E: -21.41
EPS: -3.06
Face Value : Rs 10
Last Dividend : 10% in June 2009
52 Week H/L : Rs 71.35 / 25.05
Finolex Industries share’s CMP is Rs 65.40 on 15th Jan 2010.

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