Finolex Cables Posts Strong FY26 Results, Recommends ₹9 Dividend

Finolex Cables Limited reported a significant 19% year-on-year increase in standalone revenue to ₹6,321.01 crore for the financial year ended March 31, 2026. Consolidated profit after tax stood at ₹713.72 crore.

Reader Takeaway: Robust revenue growth and a profitable JV offset muted new product sales.

What just happened

Finolex Cables announced its financial results for the fiscal year 2026. Standalone revenue surged by approximately 19% to ₹6,321.01 crore from ₹5,318.89 crore in FY25. Standalone profit after tax saw a 14% rise to ₹622.87 crore. Consolidated profit after tax grew to ₹713.72 crore from ₹700.77 crore in the previous year.

Why this matters

The strong revenue growth indicates healthy demand for the company's core products. The turnaround of the EHV joint venture with Sumitomo Electric, which contributed ₹452.8 crore in revenue and ₹21.5 crore in profit before tax, boosts the consolidated performance. The recommended dividend of ₹9 per share (450%) signals strong cash generation and a commitment to shareholder returns.

The backstory

In the previous fiscal year (FY25), Finolex Cables had reported standalone revenue of ₹5,318.89 crore and standalone profit after tax of ₹544.40 crore. Consolidated profit after tax was ₹700.77 crore.

What changes now

Key leadership changes are set to take effect from June 1, 2026, with Mahesh Viswanathan appointed as CEO and Sachin Naik as CFO. The company also faces challenges in new product segments due to unseasonal rains and new BIS norms.

Risks to watch

Commodity price volatility remains a concern, potentially impacting margins. The company also needs to navigate headwinds in new product categories affected by weather and regulatory changes. Expansion of fiber capacity is a key area for future growth.

Peer comparison

While specific peer data isn't provided in the filing, the company's performance shows growth in Cables (21% volume) and Optical Fiber Cables (5% volume), while Electrical Wires saw flat volume. The EHV JV's profitability is a positive step.

Context metrics (time-bound)

• Standalone Revenue (FY26): ₹6,321.01 crore (up 19% YoY)
• Standalone PAT (FY26): ₹622.87 crore (up 14% YoY)
• Consolidated PAT (FY26): ₹713.72 crore
• Dividend Recommended: ₹9 per share (450%)
• EHV JV Revenue (FY26): ₹452.8 crore
• EHV JV PBT (FY26): ₹21.5 crore

What to track next

Investors will monitor the company's ability to manage commodity prices, the impact of new regulations on its product segments, and the successful execution of its fiber capacity expansion plans under the new leadership.