Finolex Cables Ltd (NSE:FINCABLES)
₹ 1,246.85 -2.45 (-0.2%) Market Cap: 190.69 Bil Enterprise Value: 170.19 Bil PE Ratio: 23.84 PB Ratio: 3.13 GF Score: 96/100

Q3 2026 Finolex Cables Ltd Earnings Call Transcript

Feb 12, 2026 / 11:30 AM GMT
Release Date Price: ₹819.1 (+0.07%)

Key Points

Positve
  • Finolex Cables Ltd (BOM:500144) reported a strong quarter with revenue close to 1,600 crores, marking a 35% increase quarter-on-quarter.
  • EBITDA improved by 12% quarter-on-quarter and 17% over the nine-month period, indicating strong operational performance.
  • The company saw significant volume growth in its product lines, with electric wires up 28% and auto cables up 42% for the quarter.
  • Solar cables emerged as a new growth area, with the company operating at 80-85% of its capacity.
  • The company is progressing well with its investment in preform and fiber draw expansion, expecting to double its fiber draw capacity by the end of Q1 in the coming fiscal year.
Negative
  • Agricultural obligations underperformed due to off-season and pricing issues, resulting in lower numbers compared to previous years.
  • The company faced challenges with commodity price fluctuations, necessitating multiple price corrections, including a 12% correction in selling prices during the quarter.
  • Fiber prices had been depressed, affecting the communication cable segment, although a reversal trend is now being observed.
  • The entry of new competitors in the wire and cable market, such as Adani and Birla, could intensify competition and impact market share.
  • The company's margins have been under pressure, with a decline from mid-teen levels to low double digits, partly due to changes in distribution models and intensified competition.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FNXC.NS - Finolex Cables Ltd
Q3 2026 Finolex Cables Ltd Earnings Call
Feb 12, 2026 / 11:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Q3 and 9 months FY26 earnings conference call of Finolex Cables Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchstone phone.

I now hand the conference over to Mr. Pratik Patel from Denssu One investor relations team.

Thank you and over to you, sir.

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Unidentified_2 [2]
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