Conference Call with Finolex Cables Management and Analysts on Q1FY27 Performance and Outlook. Listen to the full earnings transcript.
Wires & Cables company Finolex Cables announced Q1FY27 results Consolidated Financial Highlights: The company reported Revenue from Operations of Rs 2,013.15 crore in Q1FY27, representing a YoY increase of 44.25% from Rs 1,395.52 crore in Q1FY26 and a QoQ increase of 3.18% from Rs 1,951.08 crore in Q4FY26. Total Income for Q1FY27 stood at Rs 2,064.64 crore, compared to Rs 1,449.64 crore in Q1FY26 (up 42.42% YoY) and Rs 1,983.76 crore in Q4FY26 (up 4.07% QoQ). Other Income for Q1FY27 was Rs 51.49 crore, compared to Rs 54.12 crore in Q1FY26 and Rs 32.68 crore in Q4FY26. Profit before share of net profit of associates and joint ventures for Q1FY27 was Rs 273.66 crore, a YoY increase of 55.17% from Rs 176.37 crore and a QoQ increase of 39.61% from Rs 196.02 crore. Profit Before Tax (PBT) reached Rs 314.46 crore in Q1FY27, growing by 55.25% YoY from Rs 202.55 crore in Q1FY26 and increasing by 3.65% QoQ from Rs 303.38 crore in Q4FY26. Net Profit for the quarter Q1FY27 was Rs 249.04 crore, marking a YoY growth of 53.14% from Rs 162.62 crore and a QoQ increase of 10.96% from Rs 224.43 crore in Q4FY26. Total Comprehensive Income for Q1FY27 was Rs 266.67 crore, compared to Rs 174.21 crore in Q1FY26 and Rs 216.08 crore in Q4FY26. Basic and Diluted Earnings Per Share (EPS) for Q1FY27 stood at Rs 16.28, compared to Rs 10.63 in Q1FY26 and Rs 14.67 in Q4FY26. Standalone Financial Highlights: Revenue from Operations for Q1FY27 was Rs 2,013.15 crore, reflecting a YoY growth of 44.25% from Rs 1,395.52 crore and a QoQ increase of 3.18% from Rs 1,951.08 crore. Total Income for the standalone entity was Rs 2,064.64 crore in Q1FY27, up 42.42% YoY from Rs 1,449.64 crore. Profit Before Tax (PBT) in Q1FY27 was Rs 277.37 crore, a YoY increase of 62.43% from Rs 170.76 crore and a QoQ increase of 26.73% from Rs 218.86 crore. Net Profit for Q1FY27 stood at Rs 221.28 crore, representing a YoY growth of 59.40% from Rs 138.82 crore and a QoQ growth of 37.28% from Rs 161.19 crore. Basic and Diluted EPS for Q1FY27 was Rs 14.47, compared to Rs 9.08 in Q1FY26 and Rs 10.54 in Q4FY26. Business Highlights: Segment-wise Revenue Performance: Electrical cables: Rs 1,767.45 crore (up from Rs 1,205.71 crore in Q1FY26). Communication cables: Rs 176.47 crore (up from Rs 108.84 crore in Q1FY26). Copper rods: Rs 8.01 crore (down from Rs 403.42 crore in Q1FY26). Others: Rs 61.22 crore (compared to Rs 62.19 crore in Q1FY26). Operational Highlights: Electrical wires saw a volume growth of 7% YoY. Within the Communication Cables segment, Optic Fiber Cable volumes were significantly higher than the previous year. Copper Rod Plant: The Copper Rod plant was not operated during the quarter due to the limited availability of fuel (LPG/PNG) resulting from the war in the Middle East. Expansion Plans: The company's expansion plans for the Fiber Draw Facility are on track. Full capacity from the new plant (4 million fiber kilometers) is expected to be on stream by Q3 of this fiscal. Pricing: Selling prices were increased in May 2026 to counter elevated copper prices. Key Appointments: The Board approved the appointment of Mr. Nirnoy Sur as Company Secretary, Compliance Officer, and General Manager - Legal (KMP) of the company with effect from August 11, 2026. Result PDF
Conference Call with Finolex Cables Management and Analysts on Q4FY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Wires & Cables company Finolex Cables announced Q4FY26 & FY26 results Q4FY26 Standalone Financial Highlights: Revenue from Operations: Stood at Rs 1,951.08 crore in Q4FY26, registering a YoY growth of 22.36% from Rs 1,594.58 crore in Q4FY25, and a QoQ growth of 22.05% from Rs 1,598.62 crore in Q3FY26. Total Income: Reached Rs 1,983.76 crore in Q4FY26, up by 20.28% YoY from Rs 1,649.34 crore in Q4FY25, and up by 20.96% QoQ from Rs 1,639.99 crore in Q3FY26. Profit Before Tax: Reported at Rs 218.86 crore in Q4FY26, reflecting a YoY growth of 5.16% from Rs 208.13 crore in Q4FY25, and a QoQ increase of 22.42% from Rs 178.78 crore in Q3FY26. Net Profit After Tax: Recorded at Rs 161.19 crore in Q4FY26, an increase of 6.14% YoY from Rs 151.86 crore in Q4FY25, and up by 18.55% QoQ from Rs 135.97 crore in Q3FY26. FY26 Standalone Financial Highlights: Revenue from Operations: Reached Rs 6,321.01 crore in FY26, marking a 18.84% YoY growth from Rs 5,318.89 crore in FY25. Total Income: Stood at Rs 6,558.99 crore in FY26, growing by 17.83% YoY compared to Rs 5,566.55 crore in FY25. Profit Before Tax: Reported at Rs 806.93 crore in FY26, a YoY growth of 13.09% from Rs 713.55 crore in FY25. Net Profit After Tax: Recorded at Rs 622.87 crore in FY26, indicating a 14.41% YoY growth from Rs 544.40 crore in FY25. Consolidated Results: Total Income: Stood at Rs 1,983.76 crore in Q4FY26, an increase of 20.28% YoY from Rs 1,649.34 crore in Q4FY25, and an increase of 20.96% QoQ from Rs 1,639.99 crore in Q3FY26. For FY26, it stood at Rs 6,486.64 crore, up by 17.59% YoY from Rs 5,516.31 crore in FY25. Profit Before Tax: Recorded at Rs 303.38 crore in Q4FY26, showing a YoY growth of 16.03% from Rs 261.46 crore in Q4FY25, and a QoQ jump of 40.22% from Rs 216.39 crore in Q3FY26. For FY26, it was Rs 928.52 crore, a marginal YoY growth of 0.66% from Rs 922.45 crore in FY25. Net Profit After Tax: Reached Rs 224.43 crore in Q4FY26, registering a YoY increase of 17.07% from Rs 191.71 crore in Q4FY25, and a QoQ growth of 36.82% from Rs 164.03 crore in Q3FY26. For FY26, the net profit stood at Rs 713.72 crore, a YoY growth of 1.85% compared to Rs 700.77 crore in FY25. Business Highlights: Dividend: The Board recommended a dividend of 450% (i.e., Rs 9 per equity share of Rs 2/- each) for the financial year ended 31st March 2026. The overall dividend outgo would be Rs 137.7 crore. Pricing & Margins: During FY26, commodity prices continued to remain volatile, which led to several price revisions to pass on cost increases to end customers. This resulted in a situation where margins remained under pressure throughout the year. Product Volume Performance: For FY26, Electrical Wires volume growth was flat, while Cables grew by 21%. OFC volumes were higher by 5%, however, given the price erosion on fiber during most of the year, revenue at the segment level was slightly below the previous year's levels. New Products: Growth in new products was muted owing to unseasonal rains in the summer which affected the sale of fans, changes to BIS norms on electricity consumption, and continued price erosion on lighting products. The segment revenue was marginally higher at Rs 262 crore, a growth of 2%. Joint Venture: The EHV JV with Sumitomo Electric turned profitable in FY26, registering a revenue of Rs 452.8 crore and a profit before taxes of Rs 21.5 crore. With an improving order book, the JV is expected to improve on performance going forward. Capex: The first Phase Preform facility was completed and commissioned during the year. The expansion of the fiber draw capacity is ongoing and is expected to be completed by Q2 of the current fiscal. These additions are expected to add significantly to the Company's future revenues. Management Changes: Mr. Mahesh Viswanathan was elevated from Dy. CEO & CFO to Chief Executive Officer (CEO) of the Company, and Mr. Sachin Naik was appointed as Chief Financial Officer (CFO), both with effect from 1st June 2026. Segment-wise Performance: Electrical Cables: Revenue stood at Rs 1,696.36 crore in Q4FY26, up 21.95% YoY from Rs 1,391.01 crore in Q4FY25. For FY26, revenue was Rs 5,490.23 crore, a YoY growth of 22.03% from Rs 4,499.01 crore in FY25. Communication Cables: Revenue was recorded at Rs 162.35 crore in Q4FY26, up 32.11% YoY from Rs 122.89 crore in Q4FY25. For FY26, revenue stood at Rs 500.33 crore, marginally down by 1.45% YoY from Rs 507.67 crore in FY25. Copper Rods: Revenue was Rs 575.90 crore in Q4FY26, reflecting a 19.60% YoY growth from Rs 481.51 crore in Q4FY25. For FY26, it reached Rs 2,142.58 crore, growing 27.22% YoY from Rs 1,684.14 crore in FY25. Others: Revenue stood at Rs 72.47 crore in Q4FY26, up 11.29% YoY from Rs 65.12 crore in Q4FY25. For FY26, revenue was Rs 261.52 crore, growing 2.12% YoY from Rs 256.10 crore in FY25. Result PDF