Finolex Cables Q2 FY27: PAT ₹221.3 Cr & Rev ₹2,013.2 Cr

Investor Takeaways

Revenue grew 44% YoY to ₹2,013.2 Cr in Q1 FY2026, driven by strong cable volumes and pricing.

Net Profit rose 59% YoY to ₹221.3 Cr, reflecting improved profitability.

Board reappointed four directors and appointed Nirnoy Sur as Company Secretary on August 11, 2026.

Fiber Draw Facility expansion to 4 million fiber kilometers is on track for Q3 FY2026 completion.

Auditor confirmed no material misstatements in the unaudited results.

Overall Tone: Positive

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹2,013.2 Cr	44%
Net Profit	₹221.3 Cr	59%
EBITDA	Not available	N/A
EPS	[amount context mismatch] (Q1FY25)	N/A
OPM	11.65% (Q3FY25)	N/A

What Changed

Finolex Cables reported robust growth in Q1 FY2026, with revenue increasing 44% YoY to ₹2,013.2 Cr and net profit surging 59% YoY to ₹221.3 Cr. This performance was attributed to strong cable volumes and pricing power, though copper price volatility continues to pose a near-term margin risk. The company re-submitted its Q1 FY2026 results in machine-readable format to NSE on August 11, 2026, following board approvals of four director reappointments and the appointment of Nirnoy Sur as Company Secretary. The auditor validated the unaudited results, confirming no material misstatements. Additionally, the expansion of the Fiber Draw Facility to 4 million fiber kilometers remains on track for completion by Q3 FY2026, supporting long-term capacity growth in fiber optics.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
Finolex Cables	23.12	N/A	N/A	16,072.4
Bharat Electronics Limited	62.03	N/A	N/A	3,09,678.78
Hindustan Aeronautics Limited	33.73	N/A	N/A	2,93,338.09
Cummins India Limited	74.38	N/A	N/A	1,49,466.24

Finolex Cables trades at a lower P/E multiple compared to peers like BEL, HAL, and Cummins India, suggesting relatively more attractive valuation, though direct profitability comparisons are limited due to N/A ROE and ROCE data.

Risks & Concerns

Copper price volatility remains a near-term risk to margins, as highlighted in the filing.

Quarterly Trend

Quarter	Revenue (₹ Cr)	Net Profit (₹ Cr)	OPM%
Q3FY25	1,182.11	147.25	11.65
Q2FY25	1,311.72	117.89	8.07
Q1FY25	1,230.48	243.92	10.31
Q4FY24	1,401.02	186.1	11.56

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About Finolex Cables Limited (FINCABLES)

Capital Goods · Cables · Listed on NSE

Market Cap: ₹19,073.07 Cr P/E: 23.8 ROE: 14.6% ROCE: 19.0% Div Yield: 0.72%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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