Finolex Cables reported a 52.6% year-on-year rise in consolidated net profit to Rs 208.2 crore in the June quarter, compared with Rs 136.4 crore in the corresponding quarter of the previous financial year.
Revenue from operations surged 44.3% YoY to Rs 2,013.15 crore in Q1 FY27, crossing the Rs 2,000-crore mark. The company posted revenue of Rs 1,395.52 crore in the year-ago period. Total income rose to Rs 2,064.64 crore from Rs 1,449.64 crore in the year-ago quarter.
Operating performance and margins
Finolex Cables' consolidated EBITDA jumped 79% YoY to Rs 244.2 crore in Q1 from Rs 136.3 crore in the year-ago quarter. Operating EBITDA margin expanded by more than 230 basis points to 12.1% compared to 9.8% in Q1 FY26, driven by higher operational efficiencies and product realisations.The rise in value growth was supported by elevated copper prices, which led Finolex Cables to implement price hikes in May 2026. In volume terms, electrical wires grew 7% YoY, backed by steady demand across agricultural, industrial, and solar power applications.
Segment performance breakdown
The electrical cables division remained the principal growth driver, posting a 47% increase in segment revenue to Rs 1,767.45 crore, up from Rs 1,205.71 crore in Q1 FY26.## Operational headwinds in copper rods
During the quarter, operations at the company's copper rod manufacturing plant faced temporary suspension due to limited availability of LPG and PNG linked to Middle East supply disruptions. Consequently, revenue from the copper rods segment fell to Rs 8.01 crore from Rs 403.42 crore in Q1 FY26, resulting in a segment loss of Rs 3.41 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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