Finolex Cables Q2 FY26 Net Profit Rises 28% to ₹186.9 Cr; Revenue Up 5%

PUNE:

Finolex Cables Ltd., (FCL) at the meeting of its Board of Directors held today approved results for the second quarter of the financial year 2025-26.

Revenues for the quarter ending September 2025 were Rs.1375.8 Cr as against Rs.1311.7 Cr for the corresponding period in year 2024-25, representing a 5% growth in value. In volume terms, Electrical Wires was flat while Power Cables grew about 40% while within Communication Cables segment, volumes of all products were muted. Growth in new product categories was reflected in the overall turnover from this segment. Metal prices were range bound during the quarter – dipping in July/August before climbing in September – appropriate pricing actions were taken in September with a focus on ensuring stability in margins and a quick pass thru of the metal price volatility-segment EBIT improved to 10.9% in the quarter.

Revenues for the half year ending September 2025 were Rs.2771.3 Cr as against Rs.2542.2 Cr, representing a 9% growth. As with the quarter, volumes were flat in Electrical Wires for the half year, while Power Cables grew upwards of 60%.

Profit for the quarter, after taxes, was Rs.186.9 Cr, as compared to Rs.146.1 Cr in the previous year, an improvement of 28%. For the half year ending September 30th, profit after taxes improved to Rs.325.7 Cr from Rs.268.6 Cr (improvement of 21%).

Production trials at the Preform Facility are expected to be completed by the end of this calendar year, with commissioning to follow soon after.