Board Meeting Details

The Board Meeting commenced at 11:37 AM and concluded at 2:11 PM on 11th August 2026.

Financial Results Approval

The Board approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended 30th June 2026.

Director Appointments and Reappointments

Pursuant to the recommendation of the Nomination & Remuneration Committee, the Board approved:

1. Reappointment of Mrs. Vanessa Singh (DIN: 09342022) as Independent Director for a second term of five consecutive years from 30th September 2026 to 29th September 2031, subject to shareholder approval.

  • Age: 38 years
  • Qualifications: Bachelor's Degree in Law, Diploma in Human Rights and Law, trained Mediator
  • Experience: Over a decade in civil, criminal litigation and arbitration matters; currently practicing family law in Mumbai

2. Reappointment of Mr. Zubin Billimoria (DIN: 07144644) as Independent Director for a second term of five consecutive years from 30th September 2026 to 29th September 2031, subject to shareholder approval.

  • Age: 61 years
  • Qualifications: Bachelor's degree in Commerce, Fellow Chartered Accountant, Associate Member of ICSI
  • Experience: Formerly with Deloitte Haskins & Sells; Director in People Home Finance Limited and The Zoroastrian Co-operative Bank Limited

3. Reappointment of Mr. Sriraman Raghuraman (DIN: 00228061) as Independent Director for a second term of five consecutive years from 30th September 2026 to 29th September 2031, subject to shareholder approval.

  • Age: 73 years
  • Qualifications: Bachelor's Degree in Science and Law, FCS, FCMA, Post Graduate Diploma in Management
  • Experience: 41 years professional experience; consultant at Deepak Fertilizers and Petrochemicals Corporation Limited

4. Reappointment of Mr. Ratnakar Barve (DIN: 09341821) as Whole-time Director for a second term of five consecutive years from 30th September 2026 to 29th September 2031, subject to shareholder approval.

  • Age: 60 years
  • Qualifications: Bachelor's degree in Electronics & Telecommunication Engineering, MBA in Operations Management
  • Experience: 38 years in manufacturing industry; previously with Goa Telecommunications & Systems Limited and Bharati Teletech Limited

5. Appointment of Mr. Nirnoy Sur (Membership No.: A26705) as Company Secretary, Compliance Officer and General Manager - Legal effective 11th August 2026.

  • Qualifications: ACS, LL.B. from Pune University, B.Com (Honours) from Dibrugarh University
  • Experience: 17 years in company secretarial, legal, compliance and corporate governance functions; previously Company Secretary & Head - Legal at Kingfa Science & Technology (India) Limited

Financial Results Highlights (Standalone)

Quarter ended 30th June 2026 (Unaudited):

  • Revenue from Operations: ₹2,013.15 crore
  • Other Income: ₹51.49 crore
  • Total Income: ₹2,064.64 crore
  • Total Expenses: ₹1,787.27 crore
  • Profit Before Tax: ₹277.37 crore
  • Total Tax Expense: ₹57.67 crore (Current Tax: ₹51.54 crore, Deferred Tax: ₹4.55 crore)
  • Profit for the Quarter: ₹221.28 crore
  • Other Comprehensive Income: ₹17.63 crore
  • Total Comprehensive Income: ₹238.91 crore
  • Paid-up Equity Share Capital: ₹30.59 crore (Face value ₹2 per share)
  • Basic EPS: ₹14.47 (not annualized)
  • Diluted EPS: ₹14.47 (not annualized)

Segment-wise Performance (Standalone):

  • Electrical cables: Revenue ₹1,767.45 crore, Result ₹181.97 crore
  • Communication cables: Revenue ₹176.47 crore, Result ₹52.52 crore
  • Copper rods: Revenue ₹8.01 crore, Result (₹3.41) crore
  • Others: Revenue ₹61.22 crore, Result ₹1.22 crore

Financial Results Highlights (Consolidated)

Quarter ended 30th June 2026 (Unaudited):

  • Revenue from Operations: ₹2,013.15 crore
  • Other Income: ₹51.49 crore
  • Total Income: ₹2,064.64 crore
  • Total Expenses: ₹1,790.98 crore
  • Share of net profit of Associate and Joint Venture: ₹40.80 crore
  • Profit Before Tax: ₹314.46 crore
  • Total Tax Expense: ₹65.42 crore (Current Tax: ₹51.54 crore, Deferred Tax: ₹13.88 crore)
  • Profit for the Quarter: ₹249.04 crore
  • Other Comprehensive Income: ₹17.63 crore
  • Total Comprehensive Income: ₹266.67 crore
  • Paid-up Equity Share Capital: ₹30.59 crore (Face value ₹2 per share)
  • Basic EPS: ₹16.28 (not annualized)
  • Diluted EPS: ₹16.28 (not annualized)

Consolidated Entities:

  • Finolex Cables Limited (Company)
  • Finolex Industries Limited (Associate)
  • Finolex J-Power Systems Limited (Joint Venture)

The Group's share of profit after tax from associate (not reviewed by Deloitte) was ₹37.09 crore for the quarter.

Auditor Review

M/s. Deloitte Haskins Sell LLP (Firm Registration No 117366W/VV100018) issued Limited Review Report dated 11th August 2026 on both Standalone and Consolidated Financial Results, confirming no material misstatements.

Press Release Highlights

  • Q1 FY27 revenues of ₹2,013.2 crore, representing 44% YoY growth
  • Electrical Wires volumes higher by 7% with contributions from agricultural, industrial and solar applications
  • Optic Fiber Cable volumes significantly higher with improved margins
  • Copper Rod plant not operated during quarter due to limited fuel (LPG/PNG) availability from Middle East war impact
  • Profit after tax of ₹221.3 crore, up 59% YoY
  • Fiber Draw Facility expansion on track with 4 million fiber kilometers capacity expected by Q3 FY27