Finolex Cables Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Finolex Cables reported standalone revenue from operations of Rs 6,321 crore for FY26, up 19% from Rs 5,319 crore in FY25. Standalone PAT grew 14.4% to Rs 622.87 crore vs Rs 544.40 crore. Consolidated PAT was Rs 713.72 crore vs Rs 700.77 crore (up 1.85%). The board recommended dividend of Rs 9 per share (450%) vs Rs 8 previously. Management noted that commodity price volatility led to repeated price revisions, keeping margins under pressure through the year. Electrical cables revenue grew 21% and OFC volumes rose 5%, though fibre price erosion constrained communication cables revenue. The company also disclosed a Rs 6.01 crore past service cost impact from new labour codes. Deloitte Haskins & Sells LLP issued an unmodified (clean) audit opinion on both standalone and consolidated results.
The company delivered solid top-line growth (~19%) and mid-teen PAT growth on standalone basis. Clean audit with no going concern issues. However, margin pressure from commodity costs and modest consolidated PAT growth may limit near-term re-rating. Leadership transition (new CEO and CFO from June 1, 2026) adds a watch factor.