FCL Approved Results For The First Quarter Of The Financial Year 2025-26

Finolex Cables Ltd., (FCL) at the meeting of its Board of Directors held approved results for the first quarter of the financial year 2025-26.

Revenues for the quarter ended June 2025 were Rs.1395.5 Cr as against Rs.1230.5 Cr for the corresponding period in year 2024-25, representing a 13% growth in value terms. In volume terms, Electrical Wires were higher by 6%, while Power Cables increased by 96%. Within Communication Cables segment, both metal-based products and Optic Fiber Cable volumes were lower than the previous year – delays in OFC agreements with customers was the main reason. Unseasonal rains in the quarter affected volumes in the new product categories.

Copper prices remained volatile during the quarter – selling prices were reduced in April. Further, unseasonal rains impacted the sale of wires for agricultural applications resulting in a change in the overall product mix for the quarter, which had a negative impact on margins.

Profit for the quarter, after taxes, was Rs.138.8 Cr, as compared to Rs.122.5 Cr in the previous year, an improvement of 13%

The company’s expansion plans on Preform Facility are slightly delayed – the plant is now expected to be stream by Q4 of this fiscal.