Finolex Cables LimitedQ1 FY27 Results & Financial Update
Finolex Cables Limited: Q1 FY27 consolidated results and company financials – revenue ₹2,013.15 Cr, PAT ₹249.04 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Finolex Cables Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Finolex Cables reported consolidated revenue from operations of INR 2,013.15 crore for the first quarter of fiscal year 2027, marking a notable top-line expansion compared to INR 1,395.52 crore in the corresponding period of the previous year.
Consolidated total income reached INR 2,064.64 crore for the quarter ended 30 June 2026, supported by other income of INR 51.49 crore and a share of net profit from associates and joint ventures totaling INR 40.80 crore.
Profit before tax on a consolidated basis stood at INR 273.66 crore, while consolidated profit after tax for the quarter closed at INR 249.04 crore, reflecting stronger operational performance and profitability contributions.
Basic and diluted earnings per share for the quarter were reported at INR 16.28 each on a consolidated basis, compared to INR 10.63 in the corresponding quarter of the previous year.
Volume expansion was a key driver in the electrical wires segment, which registered a 7% increase in volume terms underpinned by robust demand from agricultural, industrial, and solar applications.
Within the communication cables division, optic fiber cable (OFC) volumes grew significantly over the previous year, accompanied by higher realisations and improved margin contributions.
Geopolitical conflict in the Middle East created supply constraints for LPG and PNG fuel, resulting in very limited fuel availability that forced the company to keep its copper rod plant idle during the quarter, thereby curtailing merchant copper rod sales and impacting volumes in certain new product categories due to constrained input availability.
Finolex Cables Limited reported consolidated financial results for the first quarter of fiscal year 2027 (Q1 FY27), reflecting its ongoing operational performance without available prior-period comparables in this specific verified filing scope.
01 · Business model
What does Finolex Cables do?
Finolex Cables Limited is India's largest and leading manufacturer of electrical and communication cables, offering an extensive product range that includes electrical wires, power cables, and communication cables.
The company's wire and cable offerings serve diverse applications ranging from automotive wiring, lighting, cable television, telephony, and computers to heavy industrial applications.
In addition to core cabling lines, Finolex has expanded its product portfolio into electrical switches, LED-based lamps, fans, low-voltage miniature circuit breakers (MCBs), water heaters, and electric irons.
The operational footprint is anchored by primary manufacturing and plant facilities, supported by integrated distribution networks reaching agricultural, industrial, and retail consumer markets across India.
02 · Historical context
What shaped the business before this quarter
Previously, Finolex Cables established itself as a dominant domestic manufacturer of electrical and communication wires before progressively diversifying into consumer electrical goods such as fans, switches, lighting, and water heaters.
Over earlier periods, the company initiated capacity expansion efforts toward fiber draw facilities to scale up its optical fiber capabilities.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹2,013.15 Cr |
| Total income | ₹2,064.64 Cr |
| Profit before tax | ₹273.66 Cr |
| Profit after tax | ₹249.04 Cr |
| EPS | ₹16.28 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 12.4% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 13.6% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹51.49 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Standalone segment revenues for copper rods dropped sharply to INR 8.01 crore in Q1 FY27 from INR 575.90 crore in Q4 FY26 due to the non-operation of the copper rod plant.
What drove margins
Copper prices continued to remain elevated during the quarter, prompting the company to implement selling price increases in May to mitigate raw material cost inflation.
Higher realisations within the communication cables segment supported overall profitability alongside the volume growth achieved in electrical wires.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Generated segment revenue of INR 1,767.45 crore in Q1 FY27, up from INR 1,205.71 crore in Q1 FY25/26, with segment results improving to INR 181.97 crore.
Delivered segment revenue of INR 176.47 crore compared to INR 108.84 crore in the year-ago period, with segment results rising to INR 52.52 crore.
Segment revenue declined sharply to INR 8.01 crore from INR 403.42 crore in the corresponding period last year, registering a segment loss of INR 3.41 crore due to plant non-operation.
Comprising trading of electrical and other goods, this segment posted revenue of INR 61.22 crore with a segment result of INR 1.22 crore.
06 · Capacity, projects & execution
What is being built, commissioned or delivered
Projects, capex and execution
Expansion plans for the Fiber Draw Facility remain on track, with full capacity from the new plant (4 million fiber kilometers) expected to come on stream by Q3 of FY27.
07 · Reported developments
What changed operationally
Electrical wire volumes grew by 7% year-on-year, supported by strong demand from agricultural, industrial, and solar sectors.
Consolidated financials were bolstered by a share of net profit from associates and joint ventures amounting to INR 40.80 crore for the quarter.
08 · Management guidance & targets
What management is targeting from here
Management expects the new Fiber Draw Facility to achieve full operational capacity of 4 million fiber kilometers by Q3 of the current fiscal year.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Board Appointments and Re-appointments
The Board approved the re-appointment of independent directors Mrs. Vanessa Singh, Mr. Zubin Billimoria, and Mr. Sriraman Raghuraman, along with whole-time director Mr. Ratnakar Prakash Barve, for second five-year terms. Mr. Nirnoy Sur was appointed as Company Secretary, Compliance Officer, and General Manager - Legal.
Reported update
Filing Submission
The company submitted its structured XBRL financial disclosures to the National Stock Exchange of India for the quarter ended 30 June 2026.
10 · Previous-quarter changes
What changed since the previous quarter
Standalone revenue from operations moved from INR 1,951.08 crore in Q4 FY26 to INR 2,013.15 crore in Q1 FY27, while standalone PAT rose from INR 161.19 crore to INR 221.28 crore.
11 · Key Q&A
The quarter, answered directly
What does Finolex Cables do?
Finolex Cables Limited is India's largest and leading manufacturer of electrical and communication cables, offering an extensive product range that includes electrical wires, power cables, and communication cables.
What is the clearest takeaway from Q1 FY27?
Finolex Cables reported consolidated revenue from operations of INR 2,013.15 crore for the first quarter of fiscal year 2027, marking a notable top-line expansion compared to INR 1,395.52 crore in the corresponding period of the previous year.
What drove revenue or demand?
Standalone segment revenues for copper rods dropped sharply to INR 8.01 crore in Q1 FY27 from INR 575.90 crore in Q4 FY26 due to the non-operation of the copper rod plant.
What mattered most for margins or profitability?
Copper prices continued to remain elevated during the quarter, prompting the company to implement selling price increases in May to mitigate raw material cost inflation.
What changed operationally beyond the headline numbers?
Expansion plans for the Fiber Draw Facility remain on track, with full capacity from the new plant (4 million fiber kilometers) expected to come on stream by Q3 of FY27.
What is management guiding or targeting from here?
Management expects the new Fiber Draw Facility to achieve full operational capacity of 4 million fiber kilometers by Q3 of the current fiscal year.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Raw Material Price Trends: Observe copper price movements and the company's pricing realization adjustments across electrical and communication cable segments.
- 02
Subsequent Disclosures: Monitor subsequent exchange filings for comparative historical periods and operational segment performance updates.
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