Finolex Cables (FINCABLES) Q4 24/25 earnings summary

Executive summary

• Achieved 14% quarter-on-quarter and year-over-year revenue growth in Q4 FY25, with sequential growth of 35% and quarterly revenue reaching ₹1,595 crore.

• Profit before tax for Q4 FY25 reached INR 208 crore, the highest quarterly figure to date; profit after tax was ₹152 crore, up 4% year-over-year and 23% sequentially.

• Annual revenue for FY25 was ₹5,319 crore, a 6% increase over the previous year; consolidated PAT rose 8% to ₹700.8 crore.

• New products contributed over ₹250 crore in revenue, growing 14% year-over-year, and strategic diversification into FMEG continued.

• Board recommended a 400% dividend (₹8 per share), totaling ₹122 crore.

Financial highlights

• Q4 FY25 EBITDA was ₹221 crore, up 6% year-over-year; standalone EBITDA for the year was ₹761.8 crore.

• Standalone Q4 FY25 PAT was ₹151.9 crore, up 4% year-over-year; full-year PAT declined 5% to ₹544.4 crore.

• Q4 FY25 operating profit margin at 22.9%, with net profit margin at 9.8%.

• CapEx for FY24-25 was INR 236 crore, with a total INR 500 crore plan nearing completion.

• Dividend payout ratio remains strong at 400% of face value.

Outlook and guidance

• Management expects improved market penetration from new products and recent capacity expansions.

• Preform facility for communication cables progressing, with production trials expected in June/July.

• Expectation of demand revival for wires in the second half of the current fiscal, with growth anticipated in FY26.

• Gradual margin improvement expected as most margin pressures are believed to be behind.

• Positive outlook for optic fiber cable (OFC) demand and utilization over the next two to three years, driven by BharatNet and data center demand.