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Earnings Call Transcript

Finolex Cables Earnings Call Transcript: Key Takeaways

Finolex Cables posted strong 44% revenue growth in Q1 FY27, driven by high volume in communication and electrical segments, though management warns current 30% communication margins are temporary due to low-cost inventory.

Guidance and delivery
Management target Revenue FY28
Highlights
Revenue growth44% YoY growth to ₹2,013 Cr, primarily organic and volume-led.
MarginsEBITDA margin up to 13.4%; communication margins (30%) likely to normalize.
Demand visibilityStrong visibility from 5G rollouts, data centers, and hyper-scalers.
Management confidenceBalanced; optimistic on data centers, cautious on sustaining high margins.

Growth

Revenue grew 44% YoY to ₹2,013 Cr. Growth was volume-led in electrical cables (high double-digits) and communication cables (30% volume growth).

Outlook

Capex of ₹300 Cr planned for FY27. Target of ₹500 Cr FMEG revenue by FY28 remains unchanged.

Risks

Normalization of high communication margins; reliance on volatile raw material pricing (Germanium, fuel); slowing building wire volumes.

Last quarter's promises, checked

Delivered

  • Guided preform plant commissioning by mid-March → delivered as commissioned in March (= BEAT)
  • Guided fiber draw expansion to 8M km by Q2 FY27 → delivered 10M km target expansion (= BEAT)
  • Guided export revenue share to climb → delivered ₹50 Cr in Q1 (= BEAT)

Partly delivered

  • Guided ₹300 Cr total capex for FY27 → delivered ₹300 Cr plan remains on track (= PARTIAL)

Missed

  • Guided FY26 revenue potential ₹650 Cr for communication → delivered ~₹500 Cr (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: FINCABLES. Summary written with AI assistance from the document.

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Finolex Cables Ltd: key numbers

Share price
₹1,460.90
Market cap
₹22,343 Cr
Revenue (annual)
₹6,321 Cr
Net profit (annual)
₹713.7 Cr
P/E (TTM)
27.9×Sector 45.9×
Promoter holding
35.86%+0.00% QoQ
FII holding
9.65%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Finolex Cables Q1 FY27 Results: Net Profit ₹249 Cr, Up 53.1% YoY

Finolex Cables Ltd reported revenue from operations of ₹2,013 Cr (+44.3% YoY) and net profit of ₹249 Cr (+53.1% YoY) for Q1 FY27.

Key figure
Net profit ₹249 Cr · +53.1% YoY