Finolex Cables reports 13% revenue growth amid margin pressures

Finolex Cables Limited reported Q1 FY '26 sales of INR 1,400 crore, up 13% year-over-year, with profit after tax also rising 13%. Gross margins held steady at 20%.

Electrical segment volumes jumped 16%, driven by power cables, though agricultural wire sales suffered from unseasonal rains. Communication cable performance weakened due to delayed contract closures.

Project sales at discounted prices pressured overall margins, which the company targets to recover to 12% in coming quarters. Finolex plans INR 325-350 crore investment in fiber business this fiscal year.