Synopsis : HDFC Life Insurance has completely exited its stake in Finolex Industries through bulk deals worth nearly ₹137 crore. The development comes shortly after the PVC pipes manufacturer reported robust Q4FY26 earnings growth, supported by higher revenues and expanding margins.
The insurer offloaded 80.47 lakh shares, representing around 1.29% of Finolex Industries’ equity capital, through two separate bulk deals executed on June 17. The transactions were carried out on both the NSE and BSE at prices of ₹169.71 and ₹169.62 per share, taking the total deal value to approximately ₹137 crore.
With the transaction, HDFC Life has fully exited its position in the PVC pipes and fittings manufacturer.
The bulk deal has attracted market attention as it comes at a time when Finolex Industries has been showing improving operational performance despite mixed stock market returns over the past year.
On the business front, the company delivered a strong set of numbers for the fourth quarter of FY26. Consolidated net profit surged 59% year-on-year to ₹261.25 crore compared with ₹164.58 crore in the corresponding quarter last year.
Revenue from operations also registered healthy growth, rising 12% year-on-year to ₹1,314 crore against ₹1,172 crore reported during the same period a year ago.
Operational performance improved significantly as well. EBITDA jumped to ₹332 crore from ₹171 crore in Q4FY25, while EBITDA margins expanded sharply to 25% from 15%, reflecting stronger profitability and better operating leverage.
Despite the positive earnings momentum, Finolex Industries’ share price performance has remained mixed. The stock has gained around 2% over the last five trading sessions and approximately 6% during the past month. Over a six-month period, the stock has delivered a return of nearly 5%.
However, on a one-year basis, the stock remains under pressure and has declined about 25%, highlighting the broader challenges faced by manufacturing and commodity-linked businesses during the period.
Finolex Industries remains one of India’s leading PVC pipe and fittings manufacturers and is also among the country’s largest producers of PVC resin. The company caters to agriculture, plumbing, sanitation and infrastructure segments through its integrated manufacturing operations spread across multiple facilities.
The company’s backward integration into PVC resin production continues to be one of its key competitive advantages, helping improve supply-chain efficiency and cost management.
Conclusion
While HDFC Life’s complete exit through a ₹137 crore bulk deal has put Finolex Industries in the spotlight, the company’s latest quarterly performance highlights improving business fundamentals. Investors will now closely track whether the earnings momentum and margin expansion can translate into a sustained re-rating for the stock.
Disclaimer : The information provided in this article is for educational and informational purposes only and should not be considered investment advice. Stock market investments are subject to market risks, and investors should conduct their own research or consult a SEBI-registered financial advisor before making any investment decisions.
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