Shares of Finolex Industries declined 3.16% to ₹194.38 in early trade on August 4 following disappointing Q1FY26 earnings. The stock had closed at ₹200.72 on Friday and touched an intraday low of ₹192.66, bringing its market cap down to ₹12,053 crore.
The company’s consolidated net profit plunged over 80% YoY to ₹98.16 crore from ₹500.73 crore, while revenue dropped 8.5% to ₹1,043.15 crore. EBITDA fell 54.7% YoY to ₹93.59 crore and margins contracted sharply to 9% from 18.1% last year.
This weak performance continues the stock’s downtrend, which has already seen a 36.12% decline in the past 12 months and a 20.21% fall year-to-date. Despite the underperformance, 10 out of 20 analysts still maintain a ‘Buy’ call on the stock with a target of ₹242, indicating a potential 20% upside.
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