Finolex Cables Ltd — earnings calls

Finolex Cables reported Q1 FY27 revenue of Rs 2,013 crores, up approximately 44% year-on-year, with PAT rising approximately 59% to Rs 221 crores. Management attributed the growth to strong volumes across automotive, battery, flexible wires, solar and agricultural cable segments, alongside a sharp margin improvement in communication cables driven by lower-cost fiber inventory. The company also disclosed a decision to expand optic fiber draw capacity directly from 4 million to 8 million kilometers in one step rather than in phases, citing a global fiber shortage.

Finolex Cables reported Q4 FY26 revenue growth of about 22% year-on-year and quarter-on-quarter, with full-year revenue up around 19%, while EBITDA and PAT growth were slower due to higher raw material and copper costs following disruptions in the Middle East. The electrical segment posted its highest-ever quarterly revenue of INR 1,697 crores, while the communications segment saw quarterly revenue up about 30% year-on-year as fiber prices hardened due to global supply constraints. Management also discussed the commissioning of a new preform plant, ongoing capex plans, and a turnaround in the extra high-voltage joint venture with Sumitomo, which became profitable this year.