Finolex Industries has appointed Saurabh Dhanorkar as Managing Director for a period of two years with effect from 21 November 2024.Dhanorkar has been associated with the Company since 1983 in various roles and was Managing Director until 2012 when he retired. He is a qualified Chartered Accountant and has contributed significantly to the expansion of the Company from a Rs. 2 crore pipes manufacturing company to a multi-location petrochemicals and plastics processing giant. He retired as Managing Director in 2016 and has been associated with the Company as a Non-Executive Director for the past eight years.Powered by Capital Market - Live News

Net profit of Finolex Industries declined 58.48% to Rs 40.67 crore in the quarter ended September 2024 as against Rs 97.96 crore during the previous quarter ended September 2023. Sales declined 6.20% to Rs 828.43 crore in the quarter ended September 2024 as against Rs 883.15 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales828.43883.15 -6 OPM %1.2811.66 - PBDT88.36160.73 -45 PBT61.93133.35 -54 NP40.6797.96 -58 Powered by Capital Market - Live News

Finolex Industries will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live News

Finolex Industries announced that the 43th Annual General Meeting (AGM) of the company will be held on 18 September 2024.Powered by Capital Market - Live News

Net profit of Finolex Industries rose 334.17% to Rs 500.73 crore in the quarter ended June 2024 as against Rs 115.33 crore during the previous quarter ended June 2023. Sales declined 3.28% to Rs 1140.49 crore in the quarter ended June 2024 as against Rs 1179.17 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1140.491179.17 -3 OPM %18.1212.93 - PBDT255.40191.28 34 PBT229.32156.89 46 NP500.73115.33 334 Powered by Capital Market - Live News