Finolex Cables September revenue rises 65%, profit up 53%

Finolex Cables Limited reported revenue from operations of Rs 2,269.3 crore for the quarter ended 30 September 2026, up 65% from Rs 1,375.8 crore a year earlier, while profit after tax increased 53% to Rs 286.4 crore. Finolex Cables attributed the revenue growth to electrical-cable volume gains across four applications.

What did Finolex Cables report for the September 2026 quarter?

Finolex Cables reported Rs 2,269.3 crore of revenue from operations for the quarter ended 30 September 2026, compared with Rs 1,375.8 crore in the corresponding quarter of 2025-26. The Rs 893.5 crore increase represented 65% growth in value terms, according to the company’s 7 November 2026 release. Profit after tax rose by Rs 99.5 crore to Rs 286.4 crore from Rs 186.9 crore, a 53% improvement.

Finolex Cables’ profit before tax rose to Rs 374.7 crore in the September 2026 quarter from Rs 238.5 crore a year earlier. Tax expense increased to Rs 88.3 crore from Rs 51.6 crore, while other income declined to Rs 88.7 crore from Rs 109.8 crore. The increase in post-tax profit therefore occurred despite a Rs 21.1 crore fall in other income and a Rs 36.7 crore increase in tax expense.

Finolex Cables’ separately presented standalone-results extract shows income from operations of Rs 2,358.0 crore for the quarter ended 30 September 2026, against Rs 1,485.6 crore a year earlier. Its financial-highlights release instead shows Rs 2,269.3 crore and Rs 1,375.8 crore. The supplied announcement does not provide a reconciliation between the presentations, so the reported 65% revenue growth follows the company’s press release and financial-highlights table.

What drove Finolex Cables’ quarterly revenue growth?

Finolex Cables said Electrical segment revenue grew significantly in volume terms in automobile, agricultural, industrial and solar applications during the September 2026 quarter. The company did not disclose revenue, volume or growth rates for any of the four applications. It therefore did not identify which application accounted for the largest part of the Rs 893.5 crore year-on-year revenue increase.

Finolex Cables also said optic fibre cable realisations were higher and margins were high within its Communication Cables segment. This points to pricing and margin conditions in optic fibre cable alongside Electrical segment volume growth. The release does not give Communication Cables revenue, an operating-margin percentage, or a numerical comparison of fibre-cable realisations with the quarter ended 30 September 2025.

Finolex Cables reported profit before exceptional item, interest, depreciation and tax of Rs 309.2 crore for the September 2026 quarter, up from Rs 143.2 crore a year earlier. Interest increased to Rs 0.6 crore from Rs 0.4 crore and depreciation rose to Rs 22.6 crore from Rs 14.1 crore. The higher pre-tax profit was thus accompanied by a Rs 166.0 crore increase in this operating measure, despite higher interest and depreciation deductions.

How did Finolex Cables perform in the first half?

Finolex Cables reported revenue from operations of Rs 4,282.5 crore for the six months ended 30 September 2026, compared with Rs 2,771.3 crore in the six months ended 30 September 2025. Profit after tax for the period increased to Rs 507.6 crore from Rs 325.7 crore. Revenue rose by Rs 1,511.2 crore and profit after tax increased by Rs 181.9 crore across the half year.

Finolex Cables’ first-half profit before tax rose to Rs 652.0 crore from Rs 409.3 crore, while tax expense rose to Rs 144.4 crore from Rs 83.6 crore. Other income declined to Rs 140.2 crore from Rs 163.9 crore. The Rs 507.6 crore first-half profit after tax was equivalent to about 81% of the Rs 622.8 crore reported for the full year ended 31 March 2026, although Finolex Cables gave no full-year earnings forecast.

The standalone-results extract reports six-month profit after tax of Rs 507.62 crore for the period ended 30 September 2026, while the financial-highlights release reports Rs 507.6 crore. The difference is limited to the disclosed precision, but the supplied table headings combine standalone and consolidated information and are incomplete in the extracted filing. The half-year comparisons above use the financial-highlights release, which provides the matching Rs 325.7 crore prior-year figure.

What is Finolex Cables planning for fibre capacity?

Finolex Cables said its Fibre Draw Facility expansion is on track and full capacity at the new plant is expected to commence in FY27. The company specified the new plant’s full capacity as 4 million fibre kilometres. It did not disclose the project cost, plant location, current fibre-draw capacity or a date within FY27 for full-capacity commencement.

Finolex Cables linked the capacity plan to a quarter in which it reported higher optic fibre cable realisations and high margins in Communication Cables. However, it did not disclose September-quarter Communication Cables sales, customer commitments for the new 4 million fibre-kilometre capacity, or an expected revenue contribution. The FY27 statement is a disclosed operating timeline rather than financial guidance.

Finolex Cables’ consolidated review report, dated 7 November 2026, said the auditor had not identified matters causing it to believe the unaudited consolidated results were materially misstated. The report stated that the group’s share of profit after tax from one associate was Rs 37.26 crore for the September 2026 quarter and Rs 74.35 crore for the six months ended 30 September 2026. Those are consolidated associate-related amounts, not disclosed operating profit from the Electrical or Communication Cables segments.

Conclusion

Finolex Cables’ September 2026 results showed higher sales and earnings, with revenue up 65% to Rs 2,269.3 crore and profit after tax up 53% to Rs 286.4 crore. Management attributed the quarter’s sales momentum to Electrical segment volume growth in automobile, agricultural, industrial and solar applications, while also citing higher optic fibre cable realisations and high margins in Communication Cables.

The next disclosed operational point to watch is the expected FY27 commencement of full capacity at the 4 million fibre-kilometre Fibre Draw Facility. Finolex Cables has not disclosed the project’s cost, commissioning date or financial contribution, and it has not reconciled the revenue figures in its financial-highlights release with those in the separately presented standalone-results extract.