Finolex Cables Limited announced robust financial results for the first quarter of FY27. Revenue from operations increased by 44% year-on-year to ₹2,013 crore. Profit before tax (PBT) saw a significant jump of 62% to ₹277 crore, while profit after tax (PAT) grew by 59% to ₹221 crore. The company highlighted strong volume-led growth across several product lines, including electrical cables, automotive cables, and communication cables, driven by demand in sectors like data centers and AI.
Finolex Cables Reports Strong Q1 FY27 Performance
Finolex Cables Limited has reported a strong start to the fiscal year, with significant year-on-year growth in both revenue and profitability for the first quarter of FY27, ending June 30, 2026. The company’s revenue from operations reached ₹2,013 crore, marking a substantial increase of 44% compared to the ₹1,396 crore reported in the corresponding quarter of the previous year.
Profitability Highlights
Profitability also saw marked improvement. Profit before tax (PBT) stood at ₹277 crore, a 62% rise from ₹171 crore in Q1 FY26. Consequently, profit after tax (PAT) grew by 59% to ₹221 crore, up from ₹139 crore in the prior-year period. The PBT margin improved to 13.4% in Q1 FY27 from 11.8% in Q1 FY26, with the PAT margin rising from 9.6% to 10.7%.
Segmental Performance Drivers
The company attributed the strong performance to volume-led growth across various product lines. Electrical cables, the largest segment, reported revenue of ₹1,767 crore, a 47% increase year-on-year. Specific product categories within this segment, such as auto cables, solar cables, and agricultural cables, demonstrated high double-digit growth. Communication Cables also delivered a robust performance, with revenue climbing 62% to ₹176 crore, driven by increased demand from data centers and AI-related applications. Exports also played a significant role, contributing approximately ₹30-40 crore to communication cable revenue.
Expansion and Future Outlook
Finolex Cables is actively pursuing expansion initiatives, including an increase in draw tower capacity to 8 million kilometers by September 2026. The company also mentioned progress on its backward integration for preform production. Management expressed confidence in maintaining profitable growth, focusing on key segments and leveraging opportunities in communication cables and data center infrastructure.
Source: BSE
