Finolex Cables expects full fibre-draw capacity in FY27

Finolex Cables Limited expects its new 4 million fibre-kilometre fibre-draw plant to commence at full capacity in FY27, while revenue from operations rose 65% year on year to Rs 2,269.3 crore in the quarter ended September 30, 2026. The company said the expansion plan was on track in its November 7, 2026 release.

When will Finolex Cables' new fibre-draw plant reach full capacity?

Finolex Cables expects full capacity from its new 4 million fibre-kilometre fibre-draw plant to commence in FY27. The company gave that timeline in its November 7, 2026 second-quarter release for financial year 2026-27 and said its Fibre Draw Facility expansion plan remained on track.

The disclosure does not provide a commissioning date within FY27, the plant location, capital expenditure, current utilisation or the company's existing fibre-draw capacity. Therefore, the 4 million fibre-kilometre figure is the stated capacity of the new plant, not a reported production volume for the quarter ended September 30, 2026.

Finolex Cables linked the facility to its Communication Cables operations, where it said optic fibre cable realisations improved during the September 2026 quarter and margins were higher. The release did not disclose Communication Cables revenue, volume, realisations or margin percentages for the three-month period.

The company also did not assign any portion of the Rs 893.4 crore year-on-year quarterly revenue increase to the new plant. Revenue from operations rose to Rs 2,269.3 crore in the quarter ended September 30, 2026, from Rs 1,375.9 crore in the corresponding 2025-26 quarter, while full capacity remains an FY27 expectation.

How did Finolex Cables perform in the September 2026 quarter?

Finolex Cables reported revenue from operations of Rs 2,269.3 crore and profit after tax of Rs 286.4 crore for the quarter ended September 30, 2026. Revenue increased 65% from Rs 1,375.9 crore a year earlier, while profit after tax increased 53% from Rs 186.9 crore, according to the company.

Profit before taxation increased to Rs 374.7 crore from Rs 238.5 crore in the corresponding quarter of 2025-26. Tax expense rose to Rs 88.3 crore from Rs 51.6 crore, while other income declined to Rs 88.7 crore from Rs 109.8 crore over the same comparison.

Profit before exceptional item, interest, depreciation and tax was Rs 309.2 crore in the September 2026 quarter, compared with Rs 143.2 crore a year earlier. Interest expense was Rs 0.6 crore versus Rs 0.4 crore, and depreciation was Rs 22.6 crore versus Rs 14.1 crore.

The company reported these quarterly figures in a release dated November 7, 2026, after its board approved second-quarter results for 2026-27. The release presents total financial results but does not provide segment profit figures for Electrical or Communication Cables.

What drove Finolex Cables' quarterly revenue growth?

Finolex Cables said Electrical segment revenue grew significantly in automobile, agricultural, industrial and solar applications during the quarter ended September 2026. The company did not disclose revenue or volume figures for each application, but total revenue from operations increased by Rs 893.4 crore from the year-earlier quarter.

Within Communication Cables, Finolex Cables said optic fibre cable realisations improved and margins were higher in the September 2026 quarter. It did not quantify the increase in realisations, disclose the margin level, or say whether output from the 4 million fibre-kilometre plant contributed to the period.

For the six months ended September 30, 2026, revenue from operations reached Rs 4,282.5 crore, compared with Rs 2,771.3 crore in the six months ended September 30, 2025. Profit after tax rose to Rs 507.6 crore from Rs 325.7 crore, an increase of Rs 181.9 crore.

First-half revenue increased by Rs 1,511.2 crore year on year, while profit after tax increased by Rs 181.9 crore. Finolex Cables' explanation for the period identifies Electrical segment demand in four applications and improved optic fibre cable realisations, rather than giving a segment-by-segment profit bridge.

What does the FY27 fibre capacity plan cover?

Finolex Cables' FY27 plan covers a new fibre-draw plant with stated capacity of 4 million fibre-kilometres. The company describes its broader offering as Electrical and Communication Cables, with cable products used in automobile, lighting, cable television, telephone, computer and industrial applications.

The product portfolio also includes electrical switches, light-emitting diode lamps, fans, low-voltage miniature circuit breakers, water heaters and electric irons. In the September 2026 quarter, the company separately cited automobile, agricultural, industrial and solar applications for Electrical segment revenue growth.

The FY27 statement is a management expectation, not confirmation that full capacity had been reached by September 30, 2026. Finolex Cables said full capacity was “now expected” in FY27, but did not disclose customer commitments, demand assumptions, expected utilisation, revenue potential or margin impact for the 4 million fibre-kilometre plant.

For context, Finolex Cables reported full-year revenue from operations of Rs 6,321.0 crore and profit after tax of Rs 622.8 crore for the year ended March 31, 2026. Its first-half 2026-27 revenue of Rs 4,282.5 crore and profit after tax of Rs 507.6 crore do not constitute a full-year FY27 forecast, which the company did not provide.

Conclusion

Finolex Cables has reported higher September-quarter revenue and profit while retaining its FY27 target for full capacity at the 4 million fibre-kilometre fibre-draw plant. Revenue increased 65% to Rs 2,269.3 crore and profit after tax increased 53% to Rs 286.4 crore, with management citing Electrical segment demand and improved optic fibre cable realisations.

The next disclosed operational milestone is full-capacity commencement during FY27. Subsequent disclosures may clarify the timing within FY27, plant utilisation and whether Finolex Cables quantifies the new facility's contribution to Communication Cables revenue, realisations or margins.