Finolex Cables Ltd Approved Results For The Third Quarter Of The Financial Year 2025-26

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

Revenues for the quarter ending December 2025 were Rs.1598.6 Cr as against Rs.1182.1 Cr for the corresponding period in year 2024-25, representing a 35% growth in value terms. In volume terms, Electrical Wires showed a 28% growth; within Communication Cables segment, volume of metal-based products was lower than the corresponding quarter of the previous period, but Optic Fiber Cable volumes grew by 34% during the quarter. Volume growth in the new product categories was impacted by changes to the energy efficiency norms which would become effective from Jan 2026 and hence there was resistance from trade in purchasing additional material.

Revenues for the nine-month period ending December 2025 were Rs.4369.9 Cr as against Rs.3724.3 Cr for the corresponding period in year 2024-25, representing a 17% growth in value terms. In volume terms, Electrical Wires showed a 15% growth; within Communication Cables segment, volumes were lower than the corresponding quarter of the previous period.

The quarter was marked by rising metal prices; consequently, selling prices had to be adjusted upwards five times during the quarter with an overall increase of approximately 12% from earlier quarter.

Profit for the quarter, after taxes, was Rs. 135.9 Cr, as compared to Rs.123.9 Cr in the previous year, an improvement of 10%. Consequent to the introduction of Labour Code by the government, the Company has reassessed its liability towards future gratuity payments and has taken an additional charge of Rs 6.01 Cr in the current quarter. The PAT of Rs 135.9 Cr mentioned earlier is after considering the additional charge against gratuity.

Profit for the nine-month period ending December 2025, after taxes, was Rs.461.7Cr as against Rs.392.5 Cr in the previous year, an improvement of 18%.

The Preform Facility (Phase 1- production capacity 100MT) is under production trials and is expected to be commissioned by March 2026, as is Phase 1 ( 2 million FKM) of addition to Fiber Draw capacity.