Finolex Cables FY26 Performance Review

Standalone Revenue (FY26): ₹6,321.01 crore
Consolidated Net Profit (FY26): ₹713.72 crore

Reader Takeaway: Strong revenue and profit growth driven by cable segment, offset by muted new product sales.

What just happened

Finolex Cables Limited has announced its financial results for the fiscal year ended March 31, 2026. The company reported a standalone revenue from operations of ₹6,321.01 crore, a significant increase from ₹5,318.89 crore in FY25. Standalone net profit stood at ₹622.87 crore, up from ₹544.40 crore in the prior year. Consolidated net profit for FY26 was ₹713.72 crore.

Why this matters

The reported growth in revenue and profit indicates a healthy expansion of the company's core business operations. The recommended dividend of ₹9 per share reflects confidence in sustained profitability and a commitment to returning value to shareholders. The positive performance of the EHV joint venture with Sumitomo Electric also contributes to overall financial strength.

The backstory

In the previous fiscal year (FY25), Finolex Cables had reported standalone revenue of ₹5,318.89 crore and a profit after tax of ₹544.40 crore. The company has been focusing on expanding its manufacturing capabilities, including commissioning its first Phase Preform facility and increasing fiber draw capacity.

What changes now

Effective June 1, 2026, Finolex Cables will see a leadership transition with Mr. Mahesh Viswanathan stepping up to CEO and Mr. Sachin Naik taking over as CFO. The company is also set to benefit from the expanded fiber draw capacity expected by Q2 of the next fiscal year, which is poised to drive future revenue growth.

Risks to watch

While the cable segment performed well, electrical wire volume growth was flat. New product categories like fans and lighting experienced muted growth due to external factors like unseasonal rains and regulatory adjustments (BIS norms). Price erosion in optical fiber cables (OFC) also impacted volumes despite a 5% OFC volume increase.

Peer comparison

The filing does not provide peer comparison data.

Context metrics (time-bound)

• Standalone Revenue (FY26): ₹6,321.01 crore (up from ₹5,318.89 crore in FY25)
• Standalone Profit After Tax (FY26): ₹622.87 crore (up from ₹544.40 crore in FY25)
• Consolidated Net Profit (FY26): ₹713.72 crore (up from ₹700.77 crore in FY25)
• EHV JV Profit Before Tax (FY26): ₹21.5 crore (turned profitable)
• Recommended Dividend: ₹9 per equity share (450% on face value ₹2)

What to track next

Investors will be keen to observe the strategic direction under the new CEO and CFO. Key areas to monitor include the successful commissioning of the fiber draw capacity expansion and the growth trajectory of new product lines. The performance of the EHV joint venture will also be crucial for sustained profitability.