)ffice / Urse Plant

Registered Office

Tel

Finolex lndustries
tries Limited
Villag Urse, Tal.-Maval,
Gat No. 399, Village
Dist. Pune 410
0 506,
50( Maharashtra, India
N'1981P1.C024'153
ctN 140108PN'198

Toll

+91 2114 237251 I 237253

1800 200 3466
+91 2114 237252
investors@finolexind.com
fin olexwater.co m

Fax
Emi

:&=FinQ,lex
dI6"

INDIJSTT
IR'ES

FiL: SEC: LODR R 30&33:

February 13,2016
BSE Limited

Floor 25
P J Towers
Dalal Street
Mumbai 400 001
Scrip Code:

Eouitl

500940/r INOLEXIND

ISIN:
EUITY

INE183A( 1016

National Stock Exchanqe

of India Limited
Exchange Plaza
Bandra Kurla Complex
Bandra (E). Mumbai 400 051
Scrip Code:
FINPIPE
Eouitv
FIN16
NCDS
ISIN:
EOUITY
NCDs

INE183401016
IN8183A07047

Dear Sirs,

Sub:

Outcome of the Boat C Meeting: Unaudited Standalone Financial Results for the
third quarter and nir e months ended 31st December, 2015.

Pursuant to Regulations I 0 and 33 of SEBI (Listing Obligations and Disclosure

Requirement) Regulations, 1015, kindly be noted that the Board of Directors of the
Company at its meeting hel I today i.e. Saturday, 13th February,2O16, inter alia, taken
on records the following:

1. Unaudited
2.
3.
4.

Standalor

Le

Financial Results of the Company for the third quarter

and nine months enc ed 3l"t December, 2015.

Segment-wise Reven re, Results and Capital Employed Results for the third
quarter and nine mo rths ended 31"t December, 2015
Limited review reporl of the statutory auditor for the said financial results.
Financial results for the third quarter and nine months ended 31"t December,
2015 in Annexure XI format for publishing in news papers

We are enclosing herewith tl Le said statements.

The aforesaid board meetinE commenced

at 12.05 p.m. and concluded at 0l:

You are requested to kindly "ake the same on vour record.

Thanking you,
Yours truly,
For Finolex Industries Limit

. ;[,r't'\wtlt-

Umesh M. Gosavi

General Manager (Legal) &

Company Secretary
Encl: As above
#*rp*ra{c SS**
Fin*i*:; l**Ll*iri**
irl** l-i*rii**

*-r j ]l},14.1.*.{:.
r.{:.
]i:r* 411 *l f
{lhl:r*lrvit*, ili:r*
,Valxr**1:t:"*. lndr*
1nd!,

&i
F*N

**:;

+*1 iS

rfi

2i)

:l.I'i**:**
t?4$*ilct

tatts$fi**l*xw*i*r.**tir
lir*i*xw;*1*r.***r

10 p.m.

--

Regis
istered Office / Urse Plant
Finole
lex lndustries Limited

Toll

+91 2114 237251 I 237253

1800 200 3466

Fax
N
399, Village Urse, Tal.-Maval,
Gat No.
Emr
F
410 506, Maharashtra, India
Dist. Pune
Wel
CIN 140108PN'1981PLC024153
L.

+91 2114 237252

investors@f inolexi nd.com
finolexwater. com

Tel

6a=FinQle.
w1
dW
,NDUSTR'ES

FINOLEX INDUSTRIES LIMITED

399, Urse, Taluka Maval, Pune - 410 506. CIN: L40108PN1981PLCO24153

Registered Office: Gat

Statement of Standalone Unaudited Results

the Quarter and Nine Months ended 3111212015
PART

tn

3 Months

Particulars

Sr.
No.

ended
(3111212015l

(Unaudited)

Previous 3
Months ended
(30/09/20 1 5)
(Unaudited)

Corresponding
3 Months
ended in the
previous year

Year to date

Year to date
figures for the
figures for
current period previous period
ended
ended

(3111212014)

(3'U12t2015)

(3111212014)

(Unaudited)

(Unaudited)

(Unaudited)

Previous
accounting
Year ended
(3110312015)

(Audited)

Income from operations

0.63

2,45,170.97

(a) Net Sales/lncome from Operations (Net of ex se

54,087.92

duty)
(b) Other Operating Income
Total income from operations (net) (a) + (b)

627.85

491.02

525.19

1,6'17.48

'1,666.78

2,443.96

54,715.77

46,674.00

64,293.32

1,U,728.11

1,69,151 .18

2,47,614.93

42,037.82

31,152.09

61,437.08

1,1 1,858.33

1,33,054.77

1,77,907.48

(11,046.14

5,384.92
7,396.86
5,867.42
11,253.10
24,563.98
2,32,373.76

1,525.67

2,023.58
17,264.75

Expenses
(a) Cost of materials consumed
(b) Purchase of stock-in trade

(6,124.67)

46,182.98

63,768.13

1,63,1

(3,ss7.61)

,67,484.40

402.18

(8,801.27"

2,453.39
1,274.47
1,956.08
5,983.66
47,580.75

2,068.36
1,264.76
1,929.67
5,898.82
42,715.88

6,743.66
3,787.11
5,981.72
17,334.50
1,42,147.70

7,135.02

3,958.12

1,722.69
1,464.25
4,551.89
6,275.56
66,650.20
(2,356.88,

22,s80.41

5,366.43
4,442.18
9,616.14
15,754.26
1,57,187.64
1 1,963.54

351.64
7,486.66

1,409.99

143.17
(2,213.71"

2,035.99
24,6',t6.40

13,489.21

803.99

6,ffiz.67

1,637.02
3,731.09

2,865.46
(5,079.16,

4,016.85
20,s99.55

7,627.44
5,861.77

10,227.65

2,447.79
6,178.88

(1,308.16,
(6,387.32.

2,447.79
23,047.34

(2,957.74

(2,149.59

6,682.67

2,904.03

8,078.06

2,384.69
4,297.98

'1,991.08

(2,005.73,
(4,381.59,

7,535.76

4j87.80

15,s1 1.58

894.27
2,009.76

3,300.23
4,777.83

4,297.98

4,187.80

(4,381.591

15,511.58

2,009.76

4,777.83

4,297.98

4,18730

(4,3S1.591

15,51 1.58

2,00g.76

qtti.as

12,409.54

12.409.54

12,409.54

't2,409.s4

12,409.54

12,409.54

progress and stock-in-trade

(d) Employee benefits expense

(e) Depreciation and amortisation expense

(f) Power and Fuel

(g) Other expenses
3

4
5
6
7

I
o

Total Expenses
Profit / (Loss) from operations before other inco l'
finance costs and exceptional items (1-2)
Other Income
Profit / (Loss) from ordinary activities before fini rce
costs and exceptional items (3 + 4)
Finance costs
Profit / (Loss) from ordinary activities after finan
costs but before exceptional items (5 - 6)
Exceptional items
Profit / (Loss) from ordinary activities before tax

15,241.17

7,037 .10

(7+8)
10
11

12
13

14
15
16
17
18
19

Tax Expense:
Net Profit / (Loss) from ordinary activities after
(e - 1o)
Extraordinary ltems (net of tax expense)
Net Profit / (Loss) for the period ( 11 - 12 |
Share of profit / (loss) of associates
Minority interest
Net Profit / (Loss) after taxes, minority interest
and share of profit of associates (1 3 + 14 + I 5)

Paid-up equity share capital

(Nominal value Rs. 10 per share)
Paid-up Debt capital
Reserves excluding Revaluation Reserve as
per balance sheet of previous accounting year

10,000.00
66,330.45

7,500.00

20 Debenture Redemption Reserve

21(il Earnings per share (before extraordinary items)
(of Rs. 10/- each) (not annualised):
(a) Basic

l
l

3.46

3.37

I2

12.50

1.62

3.85

/? 6?

12.50

1.62

aaF

(b) Diluted
21(ii) Earnings per share (after extraordinary items)
(of Rs. 't 0/- each) (not annualised):
(a) Basic
22
24

3.46

(b) Diluted
Debt Equity Ratio
Debt Service Coverage Ratio
Interest Service Coverage Ratio

0.30
1.63
2.15

*As ler weighted average number of shares outstand

I

rg

durin r the period

'.*li**
'+i*il il*l;:lr:** i.i*;li*;j
*-ii I li"j, fil l"*.i].
r:f|flni:iri.,..rnt. t,;;':* .i..1 r i., :{l
iV:il4:
,i:*i*:ir-illr. llt*:r
*lr:'.ir
'.r3***$*

l--t*r::

lij
ij*x

+*1 ;*:irr**:i:*
fijl L* :i;4*:Ji:**

lttr;

iinr'a:,f,ii:ti:iexv;iti$i. ilili :i

ii':,r*i

ill+:*:'l,i;l: *i r **

a)
| (/.-

Registered Office / Urse Plant

Finolex lndustries Limited
Gat No. 399, Village Urse, Tal.-Maval,
Dist. Pune 410 506, Maharashtra, India

clN

1401 08PN1 981 PLC0241 53

Tel
Toll

Free

Fax
Email
Web

+91 2114237251 I 237253

1800 200 3466
+91 2114 237252
investors@finolexind.com
finolexwater.com

Fin OIer!
'NDUSTR'ES

Segmentwise Revenue, Results And Capital Employed

tn

Particulars

Sr.No.

ended
(31t1212015l-

(Unaudited)

SEGMENT REVENUE
Net Sale /lncome from each segment:
PVC
b PVC Pipes & Fittings

Year to date
figures for the
figures for
previous
current period
period ended
previous year
ended
(31t12t2O14)
(31t1212014\
(31t12t201sl(Unaudited)
(Unaudited)
(Unaudited)

Corresponding
3 Months
ended in the

Year to date

25,808.19
35,249.96
2,985.43
64,043.58
17 ?AO
^a
46.674.00

36.642.39
34,804.75
1,748.80
73,195.94
8,902.62
64.293.32

1,02,973.75
1,22,364.01
10,398.37
2,35,736.1 3
71,008.02
1.e4.728.11

1,981 85

(4,564 64
2,538.73
(411.02
(2,436.93

13,524.69
10,862.60
1,846.20
26,233.49

2,865.46

4,016.85

,221

3,612.71

Previous

3 Months

Months ended
(30/09/201 5)
(Unaudited)

Previous
accounting
Year ended
(31/03/201 5)
(Audited)

35,672.39
36,1 13.71

3,566.30
75,352.40
20,636.64
54,715.77

Power
Total

Less: Inter segment Revenue

Net Sales / lncome from Operations
I

4,622.72
3,147.36
612.75
8,382.83

a PVC

Pipes & Fittinqs

Power
Total

20,761

12

8.216.02
27,778.59
58,627.81
69,151.18

1,56,009
1.69,381
13.074
3,38.465
90,850

Less:
Finance costs
Other un-allocable expenditure
Add:
Other un-allocable income
Total Profit / lLossl Before Tax

PVC Pipes & Fittings

c Power
Other than segments
Total

2,791 .43

423.74
5,197.Q2

803.99
1,244.76

1,637.02
1,233.62

348.59
6 6R2 67

3,852.50
6.178.88

56,487.22
47,296.17
25,003.72
19,406.23
1.48.193.34

56,603.51
43,372.94
25,270.78
22,886.68
1,48,133 91

11

4,443.41

36.1 8

(6 387 32

tta.l)47

72,214.45

56,487.22
47,296.',t7
25,003.72
19,406.23
1.48.193.34

aa.a

2,640.65
0,1 56.99
295.78
13,093.42

4,796.84
13,371 31
1.744 04

7,627 44
4,035 47

7,037 10
6.748 99

473.52

1,951 96
8 078 06

2 904 03

9,91 2.1

47,893.30
26,497.28
34,134 61
1 80 739 64

72.214.45

47.893 30

26,497.28
34.134.61
1 80 739.64

60,599.77
46,486.23

2s.519 05
20.955 22
1 53.560 27

NotesThe above resulls have been reviewed by audit committee and approved by the Board at its meeting held on 13th February, 2016.
Exceptional item amounting to Rs.2,447.78 lakhs is subsidy pertaining to earlier years.
The Limited Review of the financial results of lhe Company for the quarter ended 31st December

201 5

has been completed by the statutory audilors

Previous periods'figures have been regrouped wherever necessary to confirm to the current period's classification.

the Board of Directors

lndustries Limitod

Prakasf P. Chhabria

Pune
1 3th f-ebruary, 2016

'cutive Chairman

DIN: 00016017

**rp*rofe *ffi**
lin*!*x ir*i:i;'lrirr* l-inli**
*.J .j J*, 14.i.*.{i.
':.,,1.

56

86
93
2,47.614 93

CAPITAL EMPLOYED
Segment Assets - Segment Liabilities

a PVC

1
2
3
4

54
76

SEGMENT RESULTS
Profit (+) / (Loss) (-) before tax and interest from
each seqment:

b PVC

tl

98.801 85
1

i:

..'::

[.{..ri:*r*s*tre. r']$ir
I

"fS'i

ilr**il

::*r*$lir:*l*xrv*i*f. ***t
ilr*i*xw:li{lr"c*r:

f*x

;il :;r*;$:*t
{$l :* :I4SS{"1*|

lbi

;.Jlfub

Registered Office / Urse Plant

Tel

Finolex Industries Limited

Gat No. 399, Village Urse, Tal.-Maval,
Dist. Pune 410 506, Maharashtra, India

Toll

crN

Free

Fax
Email
Web

1401 08PN1 981 PLC0241 53

FinOIex

+91 2114 237251 I t?.37253

1800 200 3466
+91 2114 237252
investors@finolexind.com
finolexwater.com

,NDUSTR'ES

FINOLEX INDUSTRIE$ LIMITED

Registered Office: Gat No. 399, Urse, Taluka Maval, Pune - 410 506. GIN: L40108PN1981PLCO24153
Statement of Standalone Unaudited Results
For the Quarter and Nine Months ended 3111212015
In

Particulars

Sr. No.

Quarter ending

Year to date

(3111212015)

figures for current

period ended

Corresponding 3
Months ended in
the previous year

(s',U12l2O1sl

(3',n't2120141

Total income from operations (net)

Net Profit / (Loss) from ordinary activities after tax
Net Profit / (Loss) for the period after tax (after Extraordinary
items)

54 715.77
A
297.98
4 297.98

1,64,728.11
15,51 1 .58

64,293.32
(4,381.5e)

15,51 't .58

(4,381.59)

Equity share capital

Reserves (excluding Revaluation Reserve as shown in the
Balance Sheet of previous year)
Earnings per share (before extraordinary items) (of Rs.10/each):

12 409.54

12,409.54

12,409.54

J.40

12.50

(3.53)

3.46

12.50

(3.53)

Basic:
Diluted:

Earnings per share (after extraordinary items) (of Rs.'10/each)

Basic:
Diluted:

Note:

L
I

The above is an extract of the detailed format of Quarterly and Nine months unaudited Financial Results filed with the Stock
Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full
format of the Quarterly / Nine months unaudited Financial Results are available on the Stock Exchange websites
(www.bseindia.com and www.nseindia.com) and on Company's website at wvw.finolexwater.com.

By order of the Board of Directors

For Finolex lndustries Limited

ash P. Ghhabria
Executive Chairman
DIN: 00016017

Pune
13th February, 2016

ljl:*l*
i

l :.r

r';,;:l*:r

ic! irr;!'i
r':,:j

r: :::

:..::r.iil,::i

il:- ,

,' 'i ii.

i,ir.lir

lriti; l:i:';.:.

i',.,'r . 1 .

i.l
I I

:-.,

i i:::ir:
i

"iirr

tr.:l'i

ll::rriii
!,,:i:t:it

i,:,1+i.i,ti:ii:.;i;:r.,r':ii:
ii

i:,::it.it.; t,:i*r

r.:i:t,,:

M/s P, G. BHAGWAT

HEAD OFFICE

CHARTERED ACCOUNTANTS

Suites 101 - 102,'Orchard',

Dr. Pai Marg, Baner,
Pune - 411045
Tel.: 020 - 2729077 1, 27291772, 27291773
Email : pgb@pgbhagwatca.com
Web : www.pgbhagwatca.com

To
The Board of Directors
Finolex Industries Limited,
Gat No. 399, Urse, Taluka Maval,
District Pune - 410506.

Limited Review Report

We have reviewed the accompanying statement of unaudited financial results of Finolex
Industries Limited for the period ended 31" December,2015. This statement is the
responsibility of the Company's Management and has been approved by the Board of
Directors. Our responsibility is to issue a report on these financial statements based on our
review.

We conducted our review in accordance with the Standard on Review Engagement (SRE)
2410, Review of Interim Financial Information Performed by the Independent Auditor of the
Entity issued by the Institute of Chartered Accountants of India. This standard requires that
we plan and perform the review to obtain moderate assurance as to whether the financial
statements are free of material misstatement. A review is limited primarily to inquiries of
company personnel and an analytical procedure applied to financial data and thus provides
less assurance than an audit. We have not performed an audit and accordingly, we do not
express an audit opinion.
Based on our review conducted as above, nothing has come to our attention that causes us to

believe that the accompanying statement of unaudited financial results prepared in

accordance with applicable accounting standards and other recognized accounting practices
and policies has not disclosed the information required to be disclosed in terms of Regulation
33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
including the manner in which it is to be disclosed, or that it contains any material
misstatement.

For IWs P.G.Bhagwat

Chartered Accountants
Firm/ Registration Number: 101 1 1 8W

Membership Number:
Pune
13th Februarv "2016

5953

BRANCHES: MUMBAI o DHARWAD

HUBLI O BELGAUM O KOLHAPUR