ALFA Finder
The call ran from 4:01 PM to 4:55 PM IST (54 min).
Key takeaways
Q2 FY27 revenue rose 65% YoY to ₹2,269 Cr with 13.6% EBITDA margin (+322 bps). H1 operating cash flow was negative ₹106 Cr due to a ₹460 Cr inventory build.
| Revenue growth | +65% YoY to ₹2,269 Cr; +13% QoQ. |
|---|---|
| Margins | EBITDA margin 13.6%, +322 bps YoY; fibre margins expected to normalise. |
| Order book | Booked for another quarter and a half; no peer comparison. |
| Demand visibility | Strong overseas fibre demand; global majors booked until end-2027. |
| Management confidence | Balanced: candid on margin normalisation, guarded on UltraTech. |
Growth
Revenue +65% YoY, +13% QoQ. Communication cables +116% YoY, mainly volume-led; electrical +65%.
Outlook
Fibre capacity to 8 mn km and solar to 10,000 km/month; sustainable margin ~11–11.5%; no revenue guidance.
Risks
Management says ~30% fibre-segment margins won't last. UltraTech's entry, the ₹460 Cr inventory build and negative H1 operating cash flow are bear triggers.
Last quarter's promises, checked
Partly delivered
- Guided ~INR 300 Cr FY27 capex → 'most capex spent', amount undisclosed (= PARTIAL)
- Guided comm margin ~30% normalising to low-double-digit by year-end → sustainable ~11–11.5% guided, comm margin undisclosed (= PARTIAL)
- Guided electrical margin ~10.5% sustainable → consolidated EBITDA 13.6%, not like-for-like (= PARTIAL)
Missed
- Guided 8 mn km draw capacity by Sep-26 → still listed as future guidance in current call (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Finolex Cables Q2 FY27 Results: Net Profit ₹272.9 Cr, Up 67.8% YoY
Finolex Cables Ltd reported revenue from operations of ₹2,269 Cr (+64.9% YoY) and net profit of ₹272.9 Cr (+67.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹272.9 Cr · +67.8% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Capex of ₹300 Cr planned for FY27. Target of ₹500 Cr FMEG revenue by FY28 remains unchanged.
Growth they described
Revenue grew 44% YoY to ₹2,013 Cr. Growth was volume-led in electrical cables (high double-digits) and communication cables (30% volume growth).
Call details
| Company | Finolex Cables Ltd |
|---|---|
| NSE symbol | FINCABLES |
| ISIN | INE235A01022 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 13 November 2026 |
| Time | 4:00 PM IST |
| Length | 54 min |
| Audio | Our stream on YouTube ↗ |
Finolex Cables Ltd: key numbers
- Share price
- ₹1,270.00
- Market cap
- ₹19,423 Cr
- Revenue (annual)
- ₹6,321 Cr
- Net profit (annual)
- ₹713.7 Cr
- P/E (TTM)
- 21.3×Sector 42.6×
- Promoter holding
- 35.86%+0.00% QoQ
- FII holding
- 9.63%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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