Finolex Cables Q1 FY27 Financials: Revenue Jumps 44%, PAT Grows 53%
Finolex Cables Ltd. [BSE: 500144, NSE: FINCABLES], a manufacturer of electrical and telecommunication cables, has recently announced its financial results for Q1 FY27.
Finolex Cables’ Q1 FY27 Standalone Financial Figures
In Q1 FY27, Finolex Cables reported a standalone revenue of Rs. 2,013.15 crore and a corresponding Profit after Tax (PAT) of Rs. 221.28 crore.
Finolex Cables’ Consolidated Financial Performance for Q1 FY27
YoY Comparison of Consolidated Financials: Q1 FY27 vs. Q1 FY26
The company clocked a revenue of Rs. 2,013.15 crore in Q1 FY27. A Year-over-Year (YoY) increase of 44.26% can be observed when compared with Q1 FY26’s revenue of Rs. 1,395.52 crore.
Further, the company’s PAT rose by 53.14% to Rs. 249.04 crore in Q1 FY27 from Rs. 162.62 crore reported in Q1 FY26.
Speaking on the company’s strong financial performance, Mr. Mahesh Viswanathan, Chief Executive Officer of the company said “there were certain product lines which did extremely well in terms of volumes. On the electrical cables side, automotive cables, battery cables, flexible wires, solar and agricultural applications, all of them did extremely well posting fairly high double-digit growth numbers and this is just not a price growth, it is also volume-led growth”.
Finolex Cables’ Earnings Per Share (EPS) for Q1 FY27 and Q1 FY26 stood at Rs. 16.28 and 10.63, respectively.
Quarterly Analysis of Finolex Cables’ Q1 FY27 Numbers: Q1 FY27 vs. Q4 FY26
Quarter-over-Quarter (QoQ) analysis of Finolex Cables’ consolidated revenue showcases a growth 3.18% in Q1 FY27 against Q4 FY26’s revenue of Rs. 1,951.08 crore. Moreover, the company’s PAT jumped by 10.97% in Q1 FY27 as compared with Q4 FY26’s PAT of Rs. 224.43 crore.
Q1 FY27 Segmental Performance of Finolex Cables
Electrical Cables: Revenue from Electrical Cables segment of the company grew by 46.59% to Rs. 1,767.45 crore during Q1 FY27 from Rs. 1,205.71 crore in Q1 of FY26. According to Mr. Sachin Naik, CFO of Finolex Cables, the growth in this segment was driven by healthy performance in auto cables, solar cables and agricultural cables, which are part of the Electrical Cables segment.
Communication Cables: Finolex Cables generated a revenue of Rs. 176.47 crore from its Communication Cables segment during Q1 of FY27. This reflects a YoY increase of 62.14% from the company’s Rs. 108.84 crore revenue from this segment reported for Q1 of FY26.
The steep growth in Communication Cables’ revenue was the result of Finolex Cables’ new preform plant at Urse, Pune being commissioned. Preform is the primary raw material used to produce optical fibre. Further, the increase in revenue was also supported by a global surge in demand for optical fibre, driven by the growing adoption of AI applications and the expansion of data centres.
Copper Rods: The company’s Copper Rods segment gathered revenue of Rs. 8.01 crore in Q1 FY27, a steep drop of 98.01% YoY from Rs. 403.42 crore reported in Q1 FY26. This steep decline in the company’s segmental revenue was due to the limited availability of LPG and PNG amid the ongoing conflict in the Middle East. Consequently, the company did not operate its copper rod plant located in Ponda, Goa, during Q1 FY27.
Others: Finolex Cables’ Other segments comprise switchgear, conduit pipes, and Fast Moving Electrical Goods (FMEG). The segmental revenue remained flat at Rs. 61.22 crore in Q1 FY27 against 62.19 Cr. for Q1 FY26.
About Finolex Cables Limited: Pune-based Finolex Cables is a major Indian cable manufacturer and the flagship company of the Finolex Group. Finolex offers a wide range of Electrical and Communication cables. The company has manufacturing facilities at Pimpri and Urse in Pune, Goa, and Roorkee, Uttarakhand.
