How did FY26 profit compare to the previous year?

Standalone net profit was ₹580.34 crore, down from ₹777.86 crore in FY25. The prior year's figure included a one-time land transfer gain of ₹416.99 crore.

What is the total dividend payout for the year?

The board recommended a final dividend of ₹2.00 per share and a special dividend of ₹0.75 per share, for a total of ₹2.75 per share.

How did revenue perform during the year?

Revenue from operations was ₹4,113.43 crore, a slight decrease from the ₹4,141.97 crore reported in FY25.

What change did the company make to its segment reporting?

Finolex now operates as a single integrated business focused on pipes and fittings, moving away from its previous segment structure.

Earnings · Building Materials · Mid cap

Finolex Industries core profit climbs as it pivots to a single segment

Operating profit rose to ₹764.74 crore in FY26, even as revenue slipped. The board declared a total dividend of ₹2.75 per share.

— 2 earlier stories on Finolex Industries Ltd. →

FINPIPE 26 May 2026 · 9:28 PM IST Verify on BSE · NSE

Mkt cap₹11,156 cr

P/E22.21×

ROE13.12%

Debt / eq.0.04

Div yld2.02%

₹764.74 cr Operating profit before exceptional items for FY26.

What's new

Standalone net profit hit ₹580.34 crore for FY26.
Operating profit before exceptional items rose from ₹587.70 crore to ₹764.74 crore.
The board declared a total dividend of ₹2.75 per share, including a ₹0.75 special payout.

Why this matters

The jump in operating profit shows stronger core performance despite a flat revenue environment. By consolidating into a single integrated business segment, the company is simplifying its reporting to match its focus on pipes and fittings.

What we're watching

Whether the new integrated segment structure improves margins in FY27.
Sustainability of the special dividend payout in future years.
Volume growth trends in the pipes and fittings business.

The full read

Finolex Industries delivered a cleaner set of financials for FY26, with operating profit before exceptional items rising to ₹764.74 crore from ₹587.70 crore.

Headline net profit of ₹580.34 crore appears lower than the previous year's ₹777.86 crore, but the prior period included a one-time land transfer gain of ₹416.99 crore. Revenue remained flat at ₹4,113.43 crore, compared to ₹4,141.97 crore in FY25. The company also shifted its corporate structure to a single integrated business model focused on pipes and fittings.

Shareholders will receive a total dividend of ₹2.75 per share, which includes a ₹0.75 special dividend. The core business is generating more cash than it was a year ago. Growth remains elusive.

Questions answered

How did FY26 profit compare to the previous year?: Standalone net profit was ₹580.34 crore, down from ₹777.86 crore in FY25. The prior year's figure included a one-time land transfer gain of ₹416.99 crore.
What is the total dividend payout for the year?: The board recommended a final dividend of ₹2.00 per share and a special dividend of ₹0.75 per share, for a total of ₹2.75 per share.
How did revenue perform during the year?: Revenue from operations was ₹4,113.43 crore, a slight decrease from the ₹4,141.97 crore reported in FY25.
What change did the company make to its segment reporting?: Finolex now operates as a single integrated business focused on pipes and fittings, moving away from its previous segment structure.

Mentioned: Finolex Industries · FY26

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

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26 May 2026 · 9:28 PM IST Finolex Industries core profit climbs as it pivots to a single segment
today Finolex Industries core profit climbs as one-time gains fade
today Finolex Industries lifts core profits as it pivots to a single segment