Summary of Key Information:
Reporting Period: Quarter and Financial Year ended 31st March 2026
Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 and 33 of SEBI Listing Regulations
Date of Board Meeting / Approval: 28th May 2026 (2:00 PM to 4:30 PM)
Audit Opinion: Unmodified Opinion (Clean)
Auditor's Comment: No qualifications or modifications affecting earnings quality, internal controls, or going concern
Key Financial Highlights [₹ in Crore]
Standalone Results:
Revenue from Operations:
- Q4 FY26: ₹1,951.08 (vs Q4 FY25: ₹1,594.58, +22.4% YoY)
- FY26: ₹6,321.01 (vs FY25: ₹5,318.89, +18.8% YoY)
Total Income:
- Q4 FY26: ₹1,983.76
- FY26: ₹6,558.99
Net Profit:
- Q4 FY26: ₹161.19 (vs Q4 FY25: ₹151.86, +6.1% YoY)
- FY26: ₹622.87 (vs FY25: ₹544.40, +14.4% YoY)
EPS (Face value ₹2 per share):
- Q4 FY26: ₹10.54 (Basic and Diluted)
- FY26: ₹40.73 (Basic and Diluted)
Other Equity:
- As at 31-Mar-26: ₹5,068.02 (vs 31-Mar-25: ₹4,568.52)
Cash and Cash Equivalents:
- As at 31-Mar-26: ₹163.13 (vs 31-Mar-25: ₹90.13)
Debt:
- Short-term borrowings: ₹0.07 crore
- Long-term borrowings: ₹0.79 crore
- Total debt: ₹0.86 crore
Consolidated Results:
Revenue from Operations:
- FY26: ₹6,321.01 (vs FY25: ₹5,318.89, +18.8% YoY)
Net Profit:
- FY26: ₹713.72 (vs FY25: ₹700.77, +1.8% YoY)
- Attributable to owners: ₹713.72
EPS (Face value ₹2 per share):
- FY26: ₹46.67 (Basic and Diluted)
Other Equity:
- As at 31-Mar-26: ₹6,055.29 (vs 31-Mar-25: ₹5,464.66)
Segment-wise Performance [₹ in Crore]:
Standalone Segment Revenue:
- Electrical cables: Q4 FY26 ₹1,696.36, FY26 ₹5,490.23
- Communication cables: Q4 FY26 ₹162.35, FY26 ₹507.67
- Copper rods: Q4 FY26 ₹678.20, FY26 ₹2,142.58
- Others: Q4 FY26 ₹72.47, FY26 ₹256.10
Standalone Segment Results (Profit):
- Electrical cables: Q4 FY26 ₹178.70, FY26 ₹562.85
- Communication cables: Q4 FY26 ₹9.77, FY26 ₹13.92
- Copper rods: Q4 FY26 ₹0.61, FY26 ₹3.16
- Others: Q4 FY26 ₹1.44, FY26 ₹4.69
Corporate Actions:
Dividend: Recommended dividend @ 450% (₹9 per equity share of ₹2 each) for FY26, subject to shareholder approval at ensuing AGM
Management Changes:
- Elevation of Mr. Mahesh Viswanathan from Dy. CEO & CFO to CEO effective 1st June 2026
- Appointment of Mr. Sachin Naik as CFO effective 1st June 2026
Other Significant Information:
- EHV Joint Venture with Sumitomo Electric turned profitable in FY26 with revenue of ₹452.8 crore and PBT of ₹21.5 crore
- First Phase Preform facility completed and commissioned during FY26
- Fiber draw capacity expansion ongoing, expected completion by Q2 FY27
- Commodity price volatility led to margin pressure throughout the year
- Electrical cables volume growth: 21% in cables, flat in wires
- OFC volumes grew 5% but revenue slightly below previous year due to price erosion
- New products revenue marginally higher at ₹262 crore (2% growth)
Entities in Consolidation:
Associate: Finolex Industries Limited
Joint Venture: Finolex J-Power Systems Limited
Auditor Declaration:
Unmodified opinion confirmed by statutory auditors Deloitte Haskins & Sells LLP