Finolex Cables shares hit a fresh 52-week high of ₹1,307.05 on NSE, jumping 8.21% in the latest trading session, marking the second consecutive session of reaching new highs. The stock has surged 66% from the beginning of the year and rallied 59% in the past six months, significantly outperforming the broader market. According to The Economic Times, the stock gained over 10% to hit the 52-week high on Wednesday after the company reported strong financial results for the quarter ended June 30, 2026. The company reported a 53% year-on-year rise in consolidated net profit to ₹249 crore in Q1 FY27, compared with ₹163 crore in the corresponding quarter of the previous financial year. At 12:50 PM, Finolex Cables traded 8.21% higher at ₹1,307.05, with average trading volume jumping over 10-fold and a combined 9.93 million equity shares changing hands on NSE and BSE.
For the April-June quarter, Finolex Cables reported consolidated net profit of ₹249 crore, up 53% from ₹163 crore in the corresponding quarter of the previous year. As reported by The Economic Times, revenue from operations surged 44% year-on-year to ₹2,103 crore in Q1 FY27, crossing the ₹2,000-crore mark from ₹1,396 crore in Q1 FY26. The company's total income rose to ₹2,064.64 crore from ₹1,449.64 crore in the year-ago quarter. The EBITDA increased 78% to ₹244 crore from ₹137 crore a year earlier, while EBITDA margins expanded to 12.14% during the quarter from 9.84% in the year-ago period, representing an improvement of 230 basis points. According to Jefferies, the biggest positive was operating profit growth, with EBITDA jumping 79% to ₹244 crore compared with ₹136 crore in Q1FY26. The rise in value growth was supported by elevated copper prices, which led Finolex Cables to implement price hikes in May 2026.
According to The Economic Times, segment profit for electrical cables increased to ₹181.97 crore from ₹117.38 crore in the year-ago quarter. In the communication cables segment, revenue jumped 62% YoY to ₹176.47 crore against ₹108.84 crore, while segment profit from communication cables rose to ₹52.52 crore from ₹1.30 crore in Q1 FY26, aided by higher optic fibre cable volumes and better realisations. Electrical wire volumes increased 7% YoY, with strong contributions from agricultural, industrial and solar applications. The communication cables business delivered exceptional growth, with revenue rising to ₹176.47 crore from ₹108.84 crore, while segment results jumped to ₹52.52 crore from just ₹1.30 crore. However, the company's copper rod plant was not operated during the quarter due to very limited availability of LPG and PNG amid the ongoing conflict in the Middle East. Revenue from this segment fell sharply to ₹8.01 crore from ₹403.42 crore a year earlier, and the segment reported a loss of ₹3.41 crore.
As reported by The Economic Times, the strong Q1 performance has triggered a sharp reaction in Finolex Cables shares, with the stock touching a 52-week high of ₹1,307.05 in the latest session. The company had a market capitalisation of around ₹19,976.94 crore as of August 12, 2026, according to NSE data. Jefferies highlighted that the growth was driven by multiple price hikes in the last 12 months in the flagship Cables & Wires division, with the biggest turnaround in operating profitability coming from the Communication Cables division due to higher demand and better selling prices for Optical Fibre Cables. The brokerage expects benefits of backward integration to reflect in margins and profit by the third quarter of the current fiscal year, referring to cost-saving strategies including manufacturing own raw materials. The company's fibre draw expansion remains on track, with the new 4 million fiber-km capacity expected to be operational by Q3 FY27. The strong Q1 performance positions Finolex Cables well within the cables & wires industry, which expanded at a compound annual growth rate of 12.5% over FY22-26 to ₹1.0 trillion, with organized players delivering robust growth of 17% over the same period.
