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Latest news about Finolex Cables

Finolex Cables Targets ₹400 Cr FMEG Revenue in FY27, Eyes ₹750 Cr Comm Cables in FY28 7 days ago

Finolex Cables has outlined a comprehensive growth roadmap targeting FMEG revenue of ₹400 crore in FY27 compared to ₹270 crore in FY26, double-digit growth in electrical cables, and communication cables revenue of ₹750 crore in FY28 post-capacity expansion. The company also aims to maintain a profit margin of approximately 12% in FY27, with communication cables growth expected to gain momentum in H2 FY27.

Finolex Cables receives tax order of ₹1,29,698 9 days ago

Finolex Cables Compliance Officer Siddhesh Mandke resigns Jun 13, 2026

Finolex Cables releases Q4FY26 analyst meet transcript Jun 04, 2026

Jefferies Maintains Buy on Finolex Cables, Raises Target Price to ₹1,200 on Strong Fundamentals Jun 02, 2026

More news about Finolex Cables

30May 26

Finolex Cables FY26 net profit rises 14% to ₹622.87 crore

Finolex Cables reported a 14.4% increase in FY26 net profit to ₹622.87 crore, driven by an 18.9% rise in revenue to ₹6,321.01 crore. The Electrical cables segment led the performance with ₹5,490.23 crore in annual revenue, while the EHV joint venture turned profitable. The Board recommended a dividend of ₹9 per share.

23May 26

Finolex Cables faces GST demand of ₹12.29 lakh for FY 2020-21

Finolex Cables Limited received an order dated May 21, 2026, from the Additional Commissioner, Grade-II Appeal, Lucknow, upholding a GST demand of ₹12,28,985 for FY 2020-21. The demand, comprising tax of ₹6,79,561, interest of ₹4,81,468, and a penalty of ₹67,956, stems from alleged mismatches of Input Tax Credit and credit notes. Management stated the demand does not have a major impact on operations, and the company may file an appeal before the Appellate Authority.

22May 26

Finolex Cables Compliance Officer Resigns Effective June 11

Finolex Cables Limited disclosed the resignation of its Company Secretary and Compliance Officer, Mr. Siddhesh Mandke, effective June 11, 2026, due to personal reasons. The resignation, submitted on May 12, 2026, was accepted by CFO Mr. Mahesh Viswanathan on May 21, 2026. The company has furnished the required details to the exchanges under SEBI regulations.

06May 26

Orbit Electricals Declares No Encumbrance on Finolex Industries Shares for FY26

Orbit Electricals Private Limited filed a declaration on 3rd April 2026 with NSE and BSE confirming no encumbrance — direct or indirect — was created on the equity shares of Finolex Industries Limited during the financial year ended 31st March, 2026, as required under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration was signed by Authorised Signatory Meena D'Sa, with a copy marked to the Audit Committee of Finolex Industries Limited.

15Apr 26

Finolex Cables confirms non-applicability of SEBI Large Corporate framework for FY26

Finolex Cables Limited disclosed to stock exchanges that it does not qualify as a 'Large Corporate' under SEBI's operational circular framework as of March 31, 2026, exempting it from enhanced disclosure requirements. The company reported zero outstanding long-term borrowings while maintaining strong CRISIL credit ratings of AA+/Stable for long-term and A1+ for short-term borrowings, reflecting its robust financial position.

02Apr 26

Finolex Cables Submits Q4 FY26 Compliance Certificate Under SEBI Regulation 74(5)

Finolex Cables Limited filed its compliance certificate under SEBI Regulation 74(5) for Q4 FY26 ended March 31, 2026. The certificate, submitted through registrar KFin Technologies Limited, confirms that details of dematerialized and rematerialized securities have been provided to all stock exchanges where the company is listed. The document was filed with both BSE and NSE and made available on the company's investor website.

01Apr 26

Finolex Cables Receives GST Demand Order of ₹29.46 Crores from Dehradun Authorities

Finolex Cables Limited disclosed receiving a GST order from Dehradun authorities demanding ₹29.46 crores for alleged violations including ITC mismatch, E-way bill differences, and late creditor payments. The company plans to appeal the order, which it considers ill-considered, and states the demand won't significantly impact operations.

17Mar 26

Jefferies Maintains Buy Rating on Finolex Cables with Target Price of ₹1,025

Jefferies has maintained its Buy rating on Finolex Cables with a target price of ₹1,025, citing strong electrical wire volume growth of 28% year-on-year and effective pricing strategies to offset copper cost increases. The brokerage highlighted favorable demand conditions from data centers and BharatNet projects, projecting approximately 17% EPS CAGR for FY25-28E period. While maintaining a positive outlook, Jefferies noted potential risks from prolonged Middle East conflict affecting demand and polymer supply chains.

17Mar 26

Finolex Cables Sets Ambitious ₹1,000 Crore Revenue Target for Tamil Nadu Operations

Finolex Cables has announced an ambitious revenue target of ₹1,000 crore for its Tamil Nadu operations. This strategic goal demonstrates the company's commitment to expanding its market presence in the southern state and capitalizing on Tamil Nadu's robust industrial ecosystem. The target reflects Finolex Cables' confidence in the region's growth potential and its ability to capture significant market share.

13Feb 26

Finolex Cables Makes Q3FY26 Analyst Meet Recording Available Under SEBI Regulations

Finolex Cables delivered robust Q3 FY26 performance with revenue jumping 35% to ₹1,598.62 crores driven by volume expansion in electrical wires and optic fiber cables. Despite additional provisions under new Labour Codes, net profit grew 10% to ₹135.97 crores with strong segment performance across electrical cables and copper rods. The company has made its analyst meet recording available on the website following SEBI disclosure requirements.

10Feb 26

Finolex Cables Appoints Siddhesh Mandke as Compliance Officer and Key Managerial Personnel

Finolex Cables Limited appointed Mr. Siddhesh Mandke as Compliance Officer and Key Managerial Personnel effective 10th February 2026, following Board approval based on Nomination Committee recommendation. Mr. Mandke brings 17 years of experience in Corporate Law and Compliance Management, with qualifications including Associate Membership of ICSI and degrees in LLB, M.com, and MMS (Finance) from Pune University.

04Feb 26

Finolex Cables Issues Revised Intimation for Q3FY26 Earnings Call on February 12

Finolex Cables Limited has issued a revised intimation for its Q3FY26 earnings conference call scheduled for February 12, 2026, after the original registration link was found non-functional. The call will be conducted by Deputy CEO & CFO Mr. Mahesh Viswanathan to discuss quarter and nine months results ended December 31, 2025, with multiple participation options including updated DiamondPass registration and various international dial-in numbers.

03Jan 26

Finolex Cables Receives GST Demand Order of ₹1.11 Lakh for FY 2018-19

Finolex Cables Limited received a GST demand order worth ₹1.11 lakh from CGST authorities for FY 2018-19, related to alleged non-payment of GST on outward supplies due to E-way bill and GST return mismatches. The total demand includes ₹55,360 in tax and ₹55,360 in penalty, which the company states will not significantly impact operations. The company has the option to appeal the order before the Appellate Authority.

31Dec 25

Finolex Cables Receives CGST Tax Demand of ₹15.19 Lakhs for ITC Claims

Finolex Cables Limited received a CGST order dated December 24, 2025, with a tax demand of ₹15.19 lakhs (₹13.94 lakhs tax + ₹1.25 lakhs interest) for Input Tax Credit claims during FY 2018-19, 2019-20, and FY 2022-23. The company states this demand will not significantly impact operations and may file an appeal.

23Dec 25

Finolex Cables Faces ₹22 Cr GST Demand Notice for FY 2021-22

Finolex Cables Limited has received a GST demand order of ₹22.01 crores from the Commercial Tax Officer in Chandigarh for the financial year 2021-22. The demand includes ₹11.82 crores in tax, ₹8.99 crores in interest, and ₹1.18 crores in penalties. The issue stems from alleged discrepancies in Input Tax Credit claims and HSN code mismatches between the company's records and supplier declarations. Finolex Cables has the option to appeal the order and states that this demand is not expected to significantly impact its operations.

22Dec 25

Finolex Cables Receives GST Order Worth ₹22.58 Lakh for Input Tax Credit Mismatch

Finolex Cables Limited has been issued a GST order from Uttar Pradesh tax authorities, confirming a demand of ₹22.58 lakh for Input Tax Credit discrepancies in FY 2021-22. The order, received via email from the Deputy Commissioner-GST, Lucknow, includes a tax demand of ₹12.55 lakh, interest of ₹8.56 lakh, and a penalty of ₹1.45 lakh. The company states that this demand will have minimal impact on its operations and retains the option to appeal before the Appellate Authority.

13Dec 25

Finolex Cables Issues ₹39.20 Cr Corporate Guarantee for Joint Venture's Working Capital Facilities

Finolex Cables Limited has issued a corporate guarantee of ₹39.20 crores to ICICI Bank Limited for its joint venture company Finolex J-Power Systems Limited (FJPSL)'s working capital facilities. The guarantee is part of a total ₹80.00 crore working capital facility. FJPSL is a joint venture with Sumitomo Electric Industries Limited, which holds 51% stake, while Finolex Cables holds 49%. A risk-sharing mechanism has been established through a Memorandum of Understanding, where both partners will bear risks pro-rata to their shareholdings.

13Dec 25

Finolex Cables Confirms Compliance Officer Cessation on December 12, 2025

Finolex Cables Limited has officially confirmed the departure of Mrs. Gayatri Kulkarni from her role as Assistant Company Secretary and Compliance Officer, effective December 12, 2025, at 5:15 PM. Her resignation, initially submitted on November 13, 2025, was due to personal reasons and her desire to pursue new opportunities for professional growth. The departure affects multiple critical functions including compliance oversight, POSH Act responsibilities, and secretarial duties.

18Nov 25

Finolex Cables Reports Mixed Q2 FY26 Results: Revenue Up 5%, EBITDA Jumps 26%

Finolex Cables Limited released Q2 FY26 results showing 5% revenue growth and 35% PAT growth. The company faced challenges in agriculture and building wires segments due to prolonged monsoons and real estate market moderation. However, it achieved 60% volume growth in the cables segment. New preform and fiber draw plants are expected to be operational by March 2026, aiming to enhance production capacity.

14Nov 25

Finolex Cables Reports Robust Q2FY26 Performance with 28% PAT Growth

Finolex Cables Limited announced robust Q2FY26 financial results. Revenue grew 5% YoY to Rs. 1,376.00 crore, EBITDA margins expanded by 26% YoY, and PAT surged 28% to Rs. 187.00 crore. The company maintained industry-leading working capital efficiency despite a temporary increase in working capital days. Growth was noted in Conduit Pipes and Switches segments, while 3CF Cables, Communication Cables, and Fans segments faced challenges due to seasonal factors and market conditions.

12Nov 25

Finolex Cables Reports 28% Profit Growth in Q2 FY2025-26

Finolex Cables Limited (FCL) announced strong Q2 FY2025-26 results. Revenue increased by 5% to Rs. 1,375.80 crore. Profit After Tax rose 28% to Rs. 186.90 crore. Power Cables segment grew by 40%, while Electrical Wires remained flat and Communication Cables were muted. Half-year revenue grew 9% to Rs. 2,771.30 crore with PAT up 21% to Rs. 325.70 crore. The company navigated fluctuating metal prices with strategic pricing actions. Production trials at the Preform Facility are expected to be completed by year-end.

11Nov 25

Finolex Cables Reports Robust Q2 FY26 Results with 28% Jump in Net Profit

Finolex Cables Limited (FCL) reported impressive Q2 FY26 results. Revenue increased by 4.89% to ₹1,375.80 crore, while net profit surged 27.93% to ₹186.90 crore. Power cables segment showed robust 40% volume growth, while electrical wires remained flat and communication cables were subdued. EBIT margin improved to 10.9%. Half-year performance saw 9% revenue growth and 21% profit increase. The company's new Preform Facility is expected to complete production trials by year-end.

06Nov 25

Finolex Cables Announces Q2 FY2026 Earnings Conference Call

Finolex Cables Limited, a leading Indian manufacturer of electrical and telecommunication cables, has announced an earnings conference call for November 14, 2025, at 4:00 PM IST. The call will discuss financial results for Q2 and H1 FY2026. Mr. Mahesh Viswanathan, Deputy CEO and CFO, will represent the management. Multiple participation options are available, including DiamondPass™ registration and various dial-in numbers. Finolex Cables, established in 1958, has expanded into fast-moving electrical goods and operates four manufacturing plants across India.

16Oct 25

Finolex Cables Faces Rs 41.19 Lakh GST Demand for Input Tax Credit Mismatch

Finolex Cables Limited has been issued a GST order demanding Rs 41.19 lakh for an alleged Input Tax Credit mismatch. The order, issued by the Assistant Commissioner, Central Tax, Division-II (Pimpri), Pune-I Commissionerate on October 16, 2025, includes Rs 10.03 lakh in tax, Rs 5.22 lakh in interest, and Rs 25.93 lakh in penalties. The company has acknowledged the order and stated it has the option to appeal. Finolex Cables asserts that this demand is not expected to significantly impact its operations.

19Aug 25

Finolex Cables Reports 13% Revenue Growth in Q1, Faces Margin Pressures from Product Mix Shift

Finolex Cables Limited reported a 13% year-over-year increase in revenue, reaching INR 1,400.00 crore for the first quarter, with profit after tax also growing by 13%. The electrical segment showed strong performance with 16% volume growth, primarily in power cables. However, the company faced challenges including decreased demand for agricultural wires due to unseasonal rains, depressed volumes in communication cables, and price erosion in the lighting segment. Margin pressures were experienced due to a shift in product mix towards discounted project sales. The company announced a INR 300.00 crore capex plan for the fiscal year, including investments in an E-beam facility and optical fiber business. Finolex Cables expects growth to pick up, particularly in the real estate sector, potentially driving demand for wires and cables.

14Aug 25

Finolex Cables Reports 13% Revenue Growth in Q1, Electrical Cables Segment Shines

Finolex Cables Limited reported a 13% year-over-year revenue increase to Rs. 1,396.00 crores in Q1. EBITDA rose 11% to Rs. 185.00 crores, and PAT grew 13% to Rs. 139.00 crores. The electrical cables segment drove growth with a 17% revenue increase, while communication cables and other segments declined. Despite overall growth, the company experienced a sequential decline compared to the previous quarter. Unseasonal rains and delays in optical fiber cable agreements impacted performance in some segments.

12Aug 25

Finolex Cables Reports 13% Revenue Growth to Rs 1,395.5 Crore in Q1

Finolex Cables Limited reported a 13% increase in both revenue and profit after tax for Q1. Revenue reached Rs 1,395.5 crore, while profit after tax stood at Rs 138.8 crore. Electrical Wires volumes grew by 6%, and Power Cables saw a significant 96% volume increase. However, Communication Cables experienced lower volumes. The company faced challenges from unseasonal rains, copper price volatility, and product mix changes, impacting margins. The Preform Facility expansion is now expected to be operational by Q4 of the current fiscal year.

11Aug 25

Finolex Cables Announces 400% Dividend, Issues Detailed Tax Guidelines

Finolex Cables Limited has recommended a 400% dividend (Rs. 8.00 per share) for FY 2025, subject to shareholder approval. The company provided detailed tax deduction at source (TDS) guidelines for various shareholder categories. Key dates include a record date of September 5, 2025, and a document submission deadline of August 31, 2025. TDS rates vary based on shareholder type and residency status. An online platform for document submission has been provided to ensure appropriate tax treatment.

03Jun 25

Finolex Cables Surges Over 5% on Jefferies' Bullish Outlook Post Strong Q4 Results

Finolex Cables' stock price increased by over 5% following a positive outlook from Jefferies. The company reported a 14% year-on-year sales growth in Q4, surpassing market expectations. Jefferies maintained a 'buy' rating, citing growth opportunities from India's 5G rollout and expanding data center market. The investment bank projects a 19% PAT CAGR for FY2025-2028 and a 370 basis points expansion in ROCE for Finolex Cables.

28May 25

Finolex Cables: Q4 Revenue Up 14%, Declares ₹8 Dividend

Finolex Cables announced strong Q4 results with revenue up 13.8% to ₹1,594.60 crore and net profit increasing 3% to ₹191.70 crore. The company's optical fibre cables segment saw 30% volume growth. EBITDA rose by 5.5% year-over-year, though EBITDA margin slightly decreased. A dividend of ₹8 per share was declared.

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