Finolex Cables Ltd. share price target

For Q4FY2025, Finolex reported lower-than-estimated performance on the revenue front. Revenue grew by 13.8% y-o-y to Rs. 1,595 crore.

For Q4FY2025, Finolex reported lower-than-estimated performance on the revenue front. Revenue grew by 13.8% y-o-y to Rs. 1,595 crore.

Q2 numbers were a mixed bag with revenues rising 10.5%, but OPM declining to 8.1% from 12.3%. The margins were impacted by lower and volatile copper prices, high-cost inventory and channel destocking.

Continuous decline in copper prices from end-May till Aug, leftover highcost Q1 inventory and destocking impacted Finolex Cables’ Q2. Multiple price cuts during Q2 dented margins.

Finolex Cables’ (FNXC) performance was flat, with revenue growth of 2.2% and Operating profit decline by 13%. Q1 was a soft quarter impacted by a fall in copper prices and the elections period.

Q4FY24 numbers were decent, with Revenue/operating profit/PAT of Rs. 1,401/162/186 crore and a growth of 14%/11%/6% y-o-y respectively. Revenue growth was led by strong demand from the construction sector.

Q2FY22 revenue & PAT grew by 45% & 117% YoY, supported by healthy growth across all segments. Gross margin declined by 400bps YoY, but fall in EBITDA margins was limited to 10bps YoY to 12.8%, owing to cost rationalization. Overall, demand scenario improved largely due to pent-up demand,...

Finolex Cables reported better than expected numbers during Q1FY2021 despite effectively operating for only about a month during the quarter. Its standalone revenues declined by 63% y-o-y to Rs. 377 crore (but was higher than estimate) as factory operations gradually resumed from May 20, 2020, followed by channel partners. OPM contracted by 396 bps y-o-y to 9.2% (much better than estimates) owing to a dip in gross margins (as it doled out the entire 8% target-based incentives versus the normal of 6% to channel partners to support them and strengthen long-term relationships during the quarter). A dip in revenues and OPM led to a 57% y-o-y decline in net profit to Rs....

The revenues of Finolex Cables Limited (Finolex) declined by 20.9%y-o-y (inline with estimates) impacted mainly due to COVID-19 related disruptions (sales loss estimated at Rs 200 crore in Q4FY20). The revenue of the electrical cable segment r declined 24% y-o-y, affected by a slowdown in the industrial sectors. The communication cable segment revenue remained largely flat y-o-y, all products (barring LAN & Optic Fiber Cables) declined during the quarter by 25% to 30%. LAN and Optic fiber cable (OFC) segments grew by 40% y-o-y during the quarter, while other segments comprising fans and lightings, among others, increased by more than 20% y-o-y to Rs. 22.7crore on a...