Date: 28th September, 2026

Financial Performance: Robust Growth Despite Margin Headwinds

FY 2025-26 financial performance:

  • Revenue from operations grew 19% to ₹6,321 crore (FY 2024-25: ₹5,319 crore)
  • Q4 recorded highest-ever quarterly revenue of ₹1,951 crore, up 22% year-on-year and sequentially
  • EBITDA grew 14% to ₹868 crore
  • PAT grew 14% to ₹623 crore
  • PBT at ₹806.93 crore, up 13% over previous year
  • Moderation in profitability relative to revenue growth due to higher raw material costs in closing weeks of the year
  • Company built inventory by approximately ₹300 crore to secure raw material availability and ensure uninterrupted production

Segment performance:

  • Electrical Business recorded segment revenue growth of 22% to ₹5,490 crore and EBIT up 18% to ₹563 crore
  • Power cables: 21% volume growth
  • Industrial flexible cables: 17% growth
  • Auto cables: nearly 30% growth
  • Communication Cables Business: Q4 revenue grew 32% year-on-year, segment EBIT grew 70% for full year
  • Balance sheet remains strong with cash-surplus, near-zero debt position

Dividend Declaration

Board recommended dividend of ₹9 per equity share, 450% of the face value of ₹2 each

Strategic Initiatives Driving Future Growth

Capital expenditure and investments:

  • Invested approximately ₹240 crore in capital expenditure during FY 2025-26
  • Planned further ₹200 crore investment in FY 2026-27
  • All investments funded entirely through internal accruals

Business segment developments:

  • Electrical Cables: Increased power cable exposure to utility-side projects, product differentiation through E-Beam curing plant, Solar Cables as next major revenue stream
  • Commissioned Phase 1 of optical fibre preform facility with capacity of approximately 100 tonnes (equivalent to 4 million kilometres of fibre)
  • Accelerating commissioning of Phase 2 with investment of approximately ₹100 crore to double preform capacity to nearly 8 million kilometres of fibre
  • Solar cables operating close to full capacity utilization, order placed for second E-beam solar line to double capacity
  • Finolex J-Power Systems (EHV cable joint venture with Sumitomo) turned profitable for first time with revenue of approximately ₹450 crore and profit of around ₹21 crore
  • Positioning as "Total Electricals Solutions" provider with focus on FMEG segment, introducing new models across all categories within upcoming 6 months
  • Substantially completed acquisition of land in Gujarat for next phase of capacity expansion

Future Outlook

Growth drivers identified:

  • Rapid global build-out of data centres and AI infrastructure reshaping fibre and power requirements
  • Global hyperscalers expanding presence in India
  • Continued investments under Revamped Distribution Sector Scheme (RDSS)
  • Renewable energy expansion
  • BharatNet, fibre-to-the-home deployment
  • 5G rollout
  • Growing adoption of electric vehicles

Company positioning:

  • Expanded capacities
  • Deeper backward integration
  • Diversified product portfolio
  • One of India's widest distribution networks (28 states, 8 Union Territories, 26 depots, ~5,000 channel partners, ~215,000 retailers aiming for 250,000 retailers)

KMP / Board Changes

Director reappointments:

  • Mr. Nikhil Naik retires by rotation and offers himself for reappointment
  • Independent directors Mr. Zubin Billimoria, Mr. Sriraman Raghuraman & Mrs. Vanessa Singh retire upon completing their term, recommended for reappointment for second five-year term
  • Chairman's 5-year term as Wholetime Director ends September 2026, recommended for reappointment for further 5 years