Finolex Cables Limited , a leading manufacturer of electrical and telecommunication cables, has announced its financial results for the second quarter of fiscal year 2026, showcasing strong performance across key metrics.

Financial Highlights

• Revenue Growth: The company achieved a revenue of Rs. 1,376.00 crore in Q2FY26, marking a 5% year-on-year increase.
• EBITDA Expansion: EBITDA margins expanded by 26% year-on-year and 37% quarter-on-quarter.
• Profit Surge: Profit After Tax (PAT) surged by 28% to Rs. 187.00 crore compared to the same period last year.

Performance Breakdown

Finolex Cables' robust performance can be attributed to improved margins across its diversified cable and electrical products portfolio. The company's strategic focus on operational efficiency and product diversification appears to be yielding positive results.

Working Capital Management

The company highlighted its working capital management in its investor presentation:

Finolex Cables maintains its position as an industry leader in working capital efficiency. However, there was a temporary increase in working capital days in the current quarter, which the company attributes to provisioning for the dividend payment approved during Q2. The cash outflow for this dividend is expected to occur in the subsequent quarter, after which working capital metrics are anticipated to normalize.

Product Portfolio and Market Position

Finolex Cables continues to leverage its diverse product portfolio, which includes:

1. Electrical cables
2. Communication cables
3. Copper rods
4. PVC compounds
5. Electrical switches
6. LED lighting
7. Fans
8. Water heaters

The company reported satisfactory growth in Conduit Pipes and Switches, validating its market entry strategy and demonstrating its ability to effectively scale new product lines through existing distribution channels.

Future Outlook

While the company has shown strong performance in Q2FY26, it's important to note that some segments experienced challenges:

• The 3CF Cables segment saw a volume decline, primarily due to nationwide heavy and prolonged rainfall, which reduced agricultural demand. The company views this as a temporary, seasonal effect rather than a structural issue.
• The Communication Cables segment experienced muted volumes across all product lines during the quarter.
• The Fans segment saw lower demand, in line with typical post-monsoon seasonal patterns.

Finolex Cables' ability to navigate these challenges while still delivering strong overall results demonstrates the resilience of its diversified business model.

Finolex Cables Limited (FCL), India's leading manufacturer of electrical and communication cables, has announced its financial results for the second quarter of the fiscal year 2025-26, showcasing robust growth and improved profitability.

Revenue Growth and Segment Performance

For the quarter ending September 2025, FCL reported revenues of Rs. 1,375.80 crore, marking a 5% increase from Rs. 1,311.70 crore in the corresponding period of the previous year. The company's performance varied across different product segments:

• Electrical Wires: Volume remained flat
• Power Cables: Experienced significant growth of about 40%
• Communication Cables: Volumes were muted across all products
• New Product Categories: Contributed to overall turnover growth

Profit Enhancement

FCL demonstrated strong profit growth for the quarter:

• Profit After Tax: Rs. 186.90 crore, up 28% from Rs. 146.10 crore in Q2 FY2024-25
• Segment EBIT: Improved to 10.9% for the quarter

Half-Year Performance

For the half-year ending September 2025, FCL reported:

• Revenues: Rs. 2,771.30 crore, a 9% increase from Rs. 2,542.20 crore in the previous year
• Profit After Tax: Rs. 325.70 crore, up from Rs. 268.60 crore, marking a 21% improvement

Strategic Pricing and Market Dynamics

The company navigated fluctuating metal prices during the quarter:

• Prices dipped in July/August before rising in September
• FCL implemented appropriate pricing actions in September
• Focus remained on ensuring margin stability and quick pass-through of metal price volatility

Operational Update

Production trials at the Preform Facility are expected to be completed by the end of the calendar year, with commissioning to follow shortly after.

Financial Highlights

Finolex Cables Limited continues to strengthen its position in the market, with its diversified product portfolio and strategic pricing actions contributing to its financial success in a dynamic business environment.