Finolex Cables Limited has announced its Q1 FY27 financial results, showcasing robust growth. Revenue surged by 44% YoY to ₹2,013 crore, driven by price pass-through and volume growth. EBITDA improved by a remarkable 90% YoY, reflecting strong operating leverage. Profit After Tax (PAT) saw a substantial 59% YoY increase to ₹221 crore. The company highlighted healthy revenue growth and margin expansion, aiming to sustain momentum through operational efficiencies.
Finolex Cables Reports Strong Q1 FY27 Performance
Finolex Cables Limited has reported a strong performance for the first quarter of the financial year 2027 (Q1 FY27), ending June 30, 2026. The company announced a significant year-over-year (YoY) growth in its key financial metrics, underscoring a successful quarter characterized by operational efficiency and market expansion.
Key Financial Highlights (Q1 FY27)
Revenue Growth
Revenue for Q1 FY27 stood at ₹2,013 crore, marking a substantial 44% increase compared to the same period in the previous year (Q1 FY26). This growth is attributed to the effective pass-through of higher copper prices and a healthy increase in sales volumes. Sequentially, revenue saw a 3.2% QoQ rise.
EBITDA Expansion
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) witnessed an impressive 90% YoY improvement, reaching ₹248 crore. This strong growth in EBITDA is a testament to the company’s enhanced operating leverage. On a quarter-on-quarter (QoQ) basis, EBITDA margins also showed a significant 22% improvement.
Profitability Surge
Profit After Tax (PAT) for Q1 FY27 amounted to ₹221 crore, a significant 59% YoY increase from Q1 FY26. This rise in profitability reflects the overall positive financial momentum of the company. PAT margins improved by 104 basis points (Bps) YoY to 11.0%.
Segmental Performance
Electrical Cables
The Electrical Cables segment demonstrated robust growth, with revenue increasing by 47% YoY to ₹1,767 crore in Q1 FY27. This segment benefited from the pass-through of raw material price increases and significant volume growth in auto, industrial, agriculture, and solar applications.
Communication Cables
Communication Cables also performed exceptionally well, with revenue growing by 62% YoY to ₹176 crore. This growth was driven by higher Optic Fiber Cables volumes and improved realizations, leading to strong margins.
Others Segment
The ‘Others’ segment, which includes trading of electrical and other goods, saw a slight decline in revenue by 2% YoY to ₹61 crore. This was impacted by supply chain disruptions and price erosion in the lighting business.
Strategic Outlook
Finolex Cables Limited remains focused on sustaining its growth momentum through continuous operational efficiencies and market expansion. The company’s strategic pillars include expanding power cable participation, backward integration in communication cables, scaling its FMEG business, and strengthening its pan-India retail network.
Source: BSE
