Finolex Cables Limited posted a strong FY26 performance with a 19% revenue surge to ₹6,321 crore and a 14% rise in Profit After Tax to ₹622.87 crore. The electrical cables segment led the growth, bolstered by a 30% volume increase in auto cables. The company also announced a final dividend of ₹9 per share and highlighted the first-ever annual profit for its joint venture with Sumitomo Corporation. Strategic capital expenditure remains a focus with planned investments of ₹200 crore for FY27.
Finolex Cables FY26 Revenue Rises 19% to ₹6,321 Crore; Profit Up 14% to ₹623 Crore
Revenue grew 19% YoY to ₹6,321.01 crore; PAT rose 14% YoY to ₹622.87 crore.
Reader Takeaway: Strong demand in auto and power cables drives profit, though rising copper prices remain a managed pressure point.
What just happened
Finolex Cables Limited concluded the financial year ended March 31, 2026, on a high note. The firm reported a consolidated revenue of ₹6,321.01 crore, reflecting robust demand across its portfolio. Shareholders will benefit from a recommended final dividend of ₹9 per equity share, representing a 450% payout on face value, pending approval at the upcoming AGM.
Why this matters
The company’s primary growth engine, the electrical cables segment, posted a 22% revenue increase. Auto cables emerged as a standout performer with 30% growth, while power cables sustained steady momentum. Notably, the Finolex J-Power Systems joint venture reached a financial turning point, recording its first profitable year with a bottom line of ₹21 crore on ₹450 crore in revenue.
Strategic Investments
Capex spending reached ₹240 crore in FY26, directed toward capacity expansion and technology upgrades. The company successfully commissioned the first phase of its optic fibre preform facility. Plans are already in motion for Phase 2, a ₹100 crore project intended to double annual capacity to 8 million kilometres, signaling confidence in long-term communication infrastructure demand.
What changes now
The board has scheduled the 58th Annual General Meeting for September 28, 2026. Governance continuity remains a priority, with proposals for the re-appointment of Chairman Ratnakar Barve and several independent directors for second five-year terms.
What to track next
Watch for the execution of the ₹200 crore planned capex for FY27 and the impact of ongoing copper price volatility on margins. The performance of the Sumitomo joint venture, now that it has achieved initial profitability, will be a key metric to monitor for sustainable non-core income.