Finolex Cables Limited has released the transcript of its analysts and investors meet held on May 29, 2026, to discuss the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The disclosure, made under Regulation 30 read with Clause 15(a) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, provides stakeholders with a detailed record of management's commentary on the period's performance. The transcript is now accessible on the company's official website, ensuring investors can review the discussion on the quarterly and annual numbers.

The meeting followed the board meeting convened on May 28, 2026, to consider the financial results and recommend a dividend. The management addressed queries regarding the financial statements during the session.

Key Meeting Details

Access Information

Participants can access the full transcript of the earnings call via the corporate portal. This update allows investors who missed the live session to review the detailed exchange regarding the company's financial health and outlook.

Established in 1958, Finolex Cables is a leading manufacturer of electrical and telecommunication cables. The company has diversified into the fast-moving electrical goods (FMEG) segment and operates manufacturing plants in Pimpri, Urse, Goa, and Roorkee.

Jefferies has maintained its Buy rating on Finolex Cables and raised its target price to ₹1,200, pointing to a combination of robust operational performance, effective pricing strategy, and emerging growth avenues as key drivers of its positive outlook on the stock.

Strong Q4 EBITDA and Cable Volume Performance

The brokerage's continued conviction is anchored in the company's strong Q4 EBITDA, which underscored the resilience of its core business. Healthy cable volumes recorded across segments further reinforced the operational strength of the company during the period, reflecting sustained demand across its product portfolio.

Price Hikes to Counter Copper Volatility

A notable highlight cited by Jefferies is Finolex Cables' successful implementation of approximately 20% price hikes in FY26. These hikes have been instrumental in offsetting the impact of copper price volatility, a key input cost variable for the cables industry. The ability to pass on cost pressures through pricing adjustments reflects the company's market positioning and pricing power.

Growth Opportunities in OFC and FMEG

Beyond the core cables business, Jefferies identified growth opportunities in two key segments:

• Optical Fibre Cables (OFC): Expanding demand for fibre connectivity presents a meaningful growth runway for the company.
• Fast-Moving Electrical Goods (FMEG): The FMEG segment offers diversification and incremental revenue potential as the company broadens its product offerings.

Valuation and Stock Performance

The following table summarises the key parameters highlighted in Jefferies' assessment:

Despite the stock having already rallied 30% year-to-date, Jefferies views the current valuations as attractive, suggesting that the market may not have fully priced in the company's earnings potential and growth prospects across its diversified business segments.