Finolex Cables Q2 FY27 Revenue Rises 65% to ₹2,269 Crore

Finolex Cables Limited reported consolidated revenue from operations of ₹2,269.33 crore in Q2 FY27, a 65% year-on-year increase, while consolidated net profit rose 67.81% to ₹272.92 crore for the quarter ended 30 September 2026.

What did Finolex Cables report for Q2 FY27?

Finolex Cables reported sharp growth in both revenue and profitability for the September 2026 quarter. Consolidated revenue increased from ₹1,375.79 crore in Q2 FY26 to ₹2,269.33 crore, while net profit rose from ₹162.64 crore to ₹272.92 crore. Revenue was also 12.73% higher than the preceding quarter.

The company reported EBITDA of ₹311.22 crore, up 114.47% year-on-year and 27.45% quarter-on-quarter. EBITDA margin improved to 13.71%, compared with 10.55% a year earlier and 12.13% in Q1 FY27. Consolidated earnings per share for the quarter stood at ₹17.85.

What drove Finolex Cables' revenue growth?

Finolex Cables said growth was driven by higher electrical-cable volumes across automobile, agricultural, industrial and solar applications. Electrical cables contributed ₹1,960 crore in Q2 FY27, representing about 86% of reported revenue and underscoring the segment's central role in the quarter's performance.

Communication cables also performed strongly, particularly optic fibre cable products. The company's reported results point to volume growth across its principal operating categories rather than a single product line. In its Q1 FY27 investor presentation, Finolex Cables had said that increases in raw-material prices were passed on to customers.

That pricing action is relevant because copper is a significant input for cable makers. The Q2 margin expansion came alongside higher revenue and operating profit, although the company has identified copper-price movement as an item to track for its effect on margins.

Why do standalone and consolidated profit figures differ?

Finolex Cables disclosed standalone net profit of ₹286.34 crore for Q2 FY27, up 53.2% from ₹186.89 crore a year earlier, while its consolidated net profit was ₹272.92 crore. Both figures relate to the quarter ended 30 September 2026 but apply to different reporting bases.

Standalone financial statements cover Finolex Cables Limited itself. Consolidated statements include the financial effect of entities covered by the group accounts. Revenue from operations was reported at ₹2,269.33 crore on both bases in the supplied results summaries, but profit figures differ under the two presentations.

For the first half of FY27, standalone revenue stood at ₹4,282.5 crore, up 54% year-on-year. Standalone profit after tax was ₹507.6 crore, while consolidated profit after tax was ₹522.0 crore, according to the earnings summary.

What is Finolex Cables planning in fibre and solar cables?

Finolex Cables is progressing with an expansion of its fibre draw facility, which is expected to provide 4 million fibre-kilometres of capacity and commence operations in FY27. The project is tied to the company's optic fibre cable business, which was cited as a contributor to Q2 performance.

The company has also identified solar cables as an expected major revenue stream and said it is planning a further capacity increase. Demand from solar applications was among the factors cited for growth in electrical cables during the quarter. The disclosures do not provide a financial contribution or capacity figure for the proposed next solar-cable expansion.

Finolex Cables was established in 1958 and stated in its investor presentation that it held a 23.9% share of the organised market. Its expansion plans therefore come as it seeks to address demand across conventional electrical-cable uses and newer renewable-energy applications.

How did the results affect matters relevant to investors?

The reported results show that revenue growth was accompanied by a 3.16-percentage-point year-on-year expansion in consolidated EBITDA margin. For investors, the combination of higher volumes, customer price pass-through and stronger operating profit is the key feature of the quarter's financial performance.

The stock was below its 52-week high of ₹1,499 reached in October 2026, according to the supplied information. No share-price level at the results date was provided. The company did not disclose new debt or equity fundraising in the referenced presentation, which also noted a reduction in lease liabilities.

The next areas disclosed for monitoring are demand from automotive, agriculture, industrial and solar customers, optic fibre cable volumes, the fibre-draw facility commissioning, copper-price movements and competitive intensity in the wires and cables market. These factors can influence sales mix, realisations and profitability, but the company has not provided a formal earnings forecast.

Conclusion

Finolex Cables delivered a strong Q2 FY27 on reported consolidated numbers, with revenue rising 64.95% to ₹2,269.33 crore and net profit increasing 67.81% to ₹272.92 crore. Electrical cables remained the largest contributor, while communications products, including optic fibre cables, added to the quarter's growth. Margin expansion to 13.71% strengthened the operating outcome.

The key disclosed milestone to watch is the planned commencement of the 4 million fibre-kilometre fibre draw facility in FY27. Investors will also track demand in the company's end-markets, copper-price effects on margins, planned solar-cable capacity additions and competition across the wires and cables industry.