Q2 2026 Finolex Cables Ltd Earnings Call Transcript
Key Points
- Finolex Cables Ltd (BOM:500144) reported a modest revenue growth of 5% for the quarter and 9% for the half year.
- EBITDA levels showed a significant increase, with a 26% rise for the quarter and 19% for the half year.
- The company experienced a 35% increase in PAT for the quarter and a 21% increase for the half year.
- Industrial Cables and Solar Applications segments showed growth, with cable volumes increasing by close to 60% in the quarter.
- The balance sheet remains strong with well-managed working capital, slightly over a month, ahead of most peers.
- Revenue growth was modest compared to peers, attributed to a small market share in the cable segment and prolonged monsoon affecting agricultural applications.
- Communication Cable segment faced muted volumes, with no meaningful contribution from BharatNet and low fiber prices affecting revenues.
- Net working capital days increased to 33 days in H1 FY '26 compared to 22 days in H1 FY '25, primarily due to a decrease in payables.
- The FMEG business has been missing internal targets, with fans facing headwinds due to prolonged monsoon and lighting affected by price erosion.
- The company faces potential competition from new entrants in the market, which could impact market share and pricing strategies.
Ladies and gentlemen, good day, and welcome to the Q2 and H1 FY '26 earnings conference call of Finolex Cables Limited. (Operator Instructions) Please note this conference is being recorded. I now hand the conference over to Mr. Pratik Patil from Dentsu Creative Investor Relations team. Thank you, and over to you, sir.
Thank you, Mark. Good evening, and thank you all for joining us on the Finolex Cables Q2 and H1 FY '26 earnings conference call. Today, we have with us Mr. Mahesh Viswanathan, Deputy CEO and Chief Financial Officer from Finolex Cables Limited. We will begin the call with the opening remarks from the management, after which we will have the forum open for the interactive Q&A session.
I must remind you that the discussion in today's earnings call may include certain forward-looking statements and must be viewed, therefore, in conjunction with the risks that the company faces. Please restrict your questions to the quarter performance and to strategic questions only. I would now request Mr.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
