Finolex Cables Limited has released the transcript of its Analyst/Investor Meet held on May 29, 2026, discussing the financial results for the quarter and financial year ended March 31, 2026. The transcript is also available on the company's website. During the call, Mr. Mahesh Viswanathan, Deputy CEO and CFO, highlighted key financial performance metrics. Revenue for Q4 FY26 saw a 22% year-on-year and quarter-on-quarter increase, while full-year revenue grew by 19%. EBITDA improved by 7% YoY and 22% QoQ for Q4, and 14% for the full year. Profit After Tax (PAT) for the quarter was up 6% YoY and 19% QoQ, with full-year PAT increasing by 14%. The electrical sector showed strong performance, with Q4 revenue up 22% YoY and 21% QoQ, reaching ₹1,697 crores, the highest achieved. Full-year revenue for this segment increased by 22%. EBIT for the quarter was up 30% QoQ and 17% YoY, and 18% higher for the full year. Segments like auto batteries, industrial flexibles, and power demonstrated high-double digit volume growth. Solar cables, introduced in Q4 FY26, are nearing capacity utilization, with plans for expansion. However, the agricultural applications segment saw a decline of 15-16% in volumes due to pre-seasonal and continued monsoon impacts. The company experienced increased raw material costs and inventory costs towards the end of Q4 FY26, partly due to Middle East disturbances and INR depreciation, which put pressure on margins. The communications segment's revenue was flat for the full year but grew by 30% YoY and QoQ in Q4 FY26. This improvement is attributed to hardening fiber prices globally, driven by increased demand from data centers in the US and Europe, and military applications. The company has commissioned its preform plant and is expanding fiber draw capacity, expected to be completed by July. Capex for FY27 is projected at ₹200 crores, with an additional ₹100 crores for remaining optic fiber preform capex. The joint venture with Sumitomo for extra high-voltage (EHV) cables turned profitable in FY26, generating ₹21 crores profit on ₹450 crores revenue, with a positive outlook driven by market expansion potential and improved capacity utilization. The company is also focusing on enhancing its FMEG portfolio and strengthening distribution networks.
