Finolex Cables Limited — Investor Meet, 04-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Finolex Cables delivered a strong Q4 with revenue up 14% QoQ and 35% YoY, and PBT reaching INR 208 Cr—the highest so far. Margins were pressured in FY25 due to commodity swings and product mix but are expected to improve gradually. New premium and solar cables target INR 500-600 Cr annually. Capex of INR 236 Cr is ongoing to complete projects by year-end. Optic fiber cable capacity is expanding from 4 to 6 million km by H2FY26, with prices firming on global demand. EHV cable JV is growing in a market set to quadruple long-term, despite delayed volume recognition. Management is optimistic about demand recovery in wires post-H1FY26 and growth in OFC and solar cables.