Finolex Cables Q1 FY27 Revenue Jumps 44% to ₹2,013 Cr, Profit Up 59% to ₹221 Cr
Finolex Cables reported Q1 FY27 revenue of ₹2,013.2 Cr, a 44% increase year-on-year. Profit after tax surged 59% to ₹221.3 Cr. Electrical Wires volumes rose 7%, and Optic Fiber Cable volumes were significantly higher. The company expects its Fiber Draw Facility to reach full capacity by Q3 FY27. Several directors were re-appointed, and a new Company Secretary was appointed.
The announcement details significant financial performance improvements (44% revenue growth, 59% profit growth) and strategic updates regarding expansion plans, along with key management re-appointments, all of which are material to investors.
The company reported strong year-on-year growth in revenue and profit, with positive commentary on volume increases in key segments. Despite some operational challenges, the overall financial performance and future expansion plans are positive.
Finolex Cables Limited (FCL) announced its financial results for the first quarter ended June 2026, with revenues reaching ₹2,013.2 crore, a significant 44% increase from ₹1,395.5 crore in the corresponding period of the previous fiscal year (FY26).
The company reported a 59% rise in profit after tax to ₹221.3 crore for the quarter, compared to ₹138.8 crore in the prior year. This growth was driven by a 7% increase in Electrical Wires volumes, with strong contributions from agricultural, industrial, and solar applications. The Communication Cables segment also performed well, with higher Optic Fiber Cable volumes and improved realizations leading to better margins.
However, the Copper Rod plant was not operational during the quarter due to limited availability of fuel (LPG/PNG) caused by the Middle East conflict. This fuel constraint also impacted volumes in new product categories. Copper prices remained elevated, with selling prices increased in May.
Finolex Cables' expansion plans for its Fiber Draw Facility are progressing as scheduled, with the full capacity of 4 million fiber kilometers expected to be operational by the third quarter of the current fiscal year.
The Board of Directors also approved the re-appointment of Mrs. Vanessa Singh, Mr. Zubin Billimoria, and Mr. Sriraman Raghuraman as Independent Directors for second terms of five years, effective September 30, 2026, subject to shareholder approval. Mr. Ratnakar Barve was re-appointed as Whole-time Director for a second term of five years, also subject to shareholder approval. Additionally, Mr. Nirnoy Sur was appointed as Company Secretary, Compliance Officer, and General Manager (Legal).
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Finolex Cables Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Finolex Cables Limited. Read the original for the full detail.