Finolex Cables Q1 FY27 Net Profit Up 59% YoY

Date: 11th August 2026

Mrs. Vanessa Singh (DIN: 09342022) reappointed as Non-Executive, Independent Director for second term of 5 years effective 30th September 2026 to 29th September 2031, subject to shareholder approval
Mr. Zubin Billimoria (DIN: 07144644) reappointed as Non-Executive, Independent Director for second term of 5 years effective 30th September 2026 to 29th September 2031, subject to shareholder approval
Mr. Sriraman Raghuraman (DIN: 00228061) reappointed as Non-Executive, Independent Director for second term of 5 years effective 30th September 2026 to 29th September 2031, subject to shareholder approval
Mr. Ratnakar Barve (DIN: 09341821) reappointed as Whole-time Director for second term of 5 years effective 30th September 2026 to 29th September 2031, subject to shareholder approval

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

Mrs. Vanessa Singh: 38 years, Bachelor's Degree in Law, Diploma in Human Rights and Law, trained Mediator, over a decade experience in civil, criminal litigation and arbitration matters
Mr. Zubin Billimoria: 61 years, Bachelor's degree in Commerce, Fellow Chartered Accountant, Associate Member of ICSI, former association with Deloitte Haskins & Sells
Mr. Sriraman Raghuraman: 73 years, Bachelor's Degree in Science and Law, Fellow Member of ICSI, Fellow Member of ICWAI, Post Graduate Diploma in Management, 41 years professional experience
Mr. Ratnakar Barve: 60 years, Bachelor's degree in Electronics & Telecommunication Engineering, MBA in Operations Management, 38 years experience in manufacturing industry
Mr. Nirnoy Sur: Member of ICSI, LL.B. from Pune University, B.Com (Honours) from Dibrugarh University, 17 years experience in company secretarial, legal, compliance and corporate governance functions

All directors confirmed not related to any other directors and not debarred from holding office.

The Board of Directors at its meeting held on 11th August 2026:

1. Approved Unaudited Standalone and Consolidated Financial Results for quarter ended 30th June 2026

2. Approved reappointment of four directors as detailed above

3. Approved appointment of Mr. Nirnoy Sur as Company Secretary, Compliance Officer and General Manager - Legal

The Board Meeting commenced at 11:37 am and concluded at 2:11 pm.

Revenue from Operations: ₹2,013.15 crore
Other Income: ₹51.49 crore
Total Income: ₹2,064.64 crore
Profit Before Tax: ₹277.37 crore
Tax Expense: ₹56.09 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
Earnings Per Share (Basic & Diluted): ₹14.47
Paid-up Equity Share Capital: ₹30.59 crore (Face value ₹2 per share)

Revenue from Operations: ₹2,013.15 crore
Other Income: ₹51.49 crore
Total Income: ₹2,064.64 crore
Profit before share of net profit of associate and joint ventures and tax: ₹273.66 crore
Share of net profit of Associate and Joint Venture: ₹40.80 crore
Profit Before Tax: ₹314.46 crore
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
Earnings Per Share (Basic & Diluted): ₹16.28
Paid-up Equity Share Capital: ₹30.59 crore (Face value ₹2 per share)

Auditor: Deloitte Haskins & Sells LLP (Firm Registration No 117366W/VV100018)
Review Report Date: 11th August 2026
Type of Opinion: Unmodified
Conclusion: Nothing has come to our attention that causes us to believe that the Statement contains any material misstatement

Auditor: Deloitte Haskins & Sells LLP
Review Report Date: 11th August 2026
Type of Opinion: Unmodified
Conclusion: Nothing has come to our attention that causes us to believe that the Statement contains any material misstatement
The consolidated results include share of profit after tax of ₹37.09 crore from an associate whose interim financial results were reviewed by another auditor

Revenue growth of 44% YoY in value terms
Electrical Wires volumes higher by 7% with contributions from agricultural, industrial and solar applications
Optic Fiber Cable volumes significantly higher than previous year with higher realizations and margins
Copper Rod plant not operated during quarter due to limited fuel (LPG/PNG) availability from war in Middle East
Limited fuel availability also impacted volumes in new product categories
Copper prices remained elevated with selling prices increased in May