Finolex Cables shares surged over 14% during Muhurat Trading on Sunday, 8 November, after the company reported strong second-quarter results for FY27, with substantial growth in revenue, net profit, and operating earnings.
The company reported a 67.5% year-on-year increase in net profit to ₹273 crore in Q2 FY27, compared with ₹163 crore in the corresponding quarter last year.
Revenue climbed 65% to ₹2,269 crore from ₹1,376 crore a year earlier. Earnings before interest, tax, depreciation and amortisation (EBITDA) more than doubled, rising 113% to ₹311 crore from ₹146 crore in the year-ago quarter.
Finolex Cables attributed the strong revenue growth to higher volumes across its electrical and communication cables businesses. The electrical cables segment witnessed significant volume growth across automobile, agricultural, industrial and solar applications.
The communication cables business also recorded an improvement, supported by significantly higher optic fibre cable (OFC) volumes compared with the year-ago period. Better realisations in this segment further contributed to improved margins, the company said.