Finolex Cables (FINCABLES) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 standalone revenue from operations rose 65% YoY to ₹2,269.3 crore; PAT increased 53% to ₹286.4 crore.

• H1 FY27 standalone revenue was ₹4,282.5 crore and PAT ₹507.6 crore; consolidated PAT was ₹522.0 crore.

Financial highlights

• Q2 standalone EBITDA was ₹309.2 crore versus ₹143.2 crore YoY; EBITDA margin expanded 322 bps to 13.6%.

• Q2 standalone PBT was ₹374.7 crore versus ₹238.5 crore YoY; tax expense was ₹88.3 crore versus ₹51.6 crore.

• Q2 consolidated revenue was ₹2,269.3 crore and PAT ₹272.9 crore, versus ₹1,375.8 crore and ₹162.6 crore YoY.

• Q2 gross profit was ₹451 crore, up 66.4% YoY; gross margin was 19.9%, up 18 bps.

Outlook and guidance

• Fiber Draw Facility expansion remained on track; the new 4 million fiber-kilometer plant was expected to commence operations in FY27.

• Capacity expansion was intended to meet demand from infrastructure, housing, urbanisation, industrial capex, solar projects and automobiles.