Finolex Cables posts strong Q3 as profits rise, revenues surge despite margin pressure

Finolex Cables reported a 11.4% year-on-year growth in net profit at ₹164 crore for the third quarter, compared with ₹147.2 crore in the same period last year.

Revenue for the quarter rose by 35.2% to ₹1,598.6 crore from ₹1,182 crore on a year-on-year basis.

EBITDA increased 14.3% to ₹157.5 crore in Q3, as against ₹138 crore a year ago. However, EBITDA margin declined to 9.8% from 11.6% in the corresponding quarter last year.

Revenues for the nine-month period ended December 2025 stood at ₹4,369.9 crore, compared with ₹3,724.3 crore in the corresponding period of 2024–25, reflecting a 17% growth in value terms.

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In volume terms, the Electrical Wires segment recorded a 15% increase, while

volumes in the Communication Cables segment were lower than the corresponding quarter of the previous period.

The company informed that the quarter was marked by rising metal prices, leading to multiple upward revisions in selling prices. Prices were increased five times during the quarter, resulting in an overall rise of approximately 12% compared with the previous quarter.

Profit after tax for the nine-month period ended December 2025 stood at ₹461.7 crore, compared with ₹392.5 crore in the previous year, reflecting an improvement of 18%.

Following the implementation of four new Labour Codes from November 21, 2025, the Company provided ₹6.01 crore towards past service cost under employee benefits for the quarter and nine months ended December 31, 2025.

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The Company said it will review any further impact on employee benefits once detailed Central and State rules are notified and will account for them as required.

Finolex Cables Ltd shares closed at ₹826.50 on the NSE, up ₹33.85 or 4.27%, on February 10.