What Led to Finolex Cables’ 14% Revenue Growth in Q4
PUNE: Finolex Cables Ltd. (FCL) at the meeting of its Board of Directors held today, approved results for the fourth quarter as well as the full year of 2024-25.
Revenues for the quarter ended March 2025 were Rs. 1594.6 Cr as against Rs. 1401.0 Cr for the corresponding period in the year 2023-24, representing a 14% growth in value terms. In volume terms, Electrical Wires increased by 7% compared to Q4 of the previous year, while Cables improved by 50%. Within the Communication Cables segment, most product lines posted lower volumes, except OFC, where the volume increased by over 30%.
For the full year 2024-25, sales were Rs. 5318.9 Cr as against Rs. 5014.4 Cr in the previous year – an improvement of 6%. During the year, commodity prices continued to remain volatile, which led to several price revisions to pass on both cost reductions as well as cost increases to the end customers, resulting in a situation where margins fluctuated every quarter. For the full year, Electrical Wires’ growth was flat in volume, while Cables grew by 15%; OFC volumes were higher by 30% – however, given the price erosion on fiber during the year, revenue at the segment level was slightly below previous years’ levels. There has been a pick-up in the growth of new products, and revenue crossed Rs 250 Cr for the year, a growth of 14%. In addition to the product range, and expansion of the distribution network has all contributed to the better revenues and volumes within these product segments.
Profit for the quarter, before taxes, was Rs.208.1 Cr, as compared to Rs.196.1 Cr in the previous year – the 6% improvement is a result of a combination of volume growth in the major segments, new product introductions as well as some pricing actions.
For the full year, profit before taxes stood at Rs 713.6 Cr as against Rs 752.9 Cr in the previous year – a reduction of 5 %.
PAT for Q4 of 2024-25 stood at Rs 151.9 Cr as against Rs 146.2 Cr for the corresponding period of the previous year – an improvement of 4%.
For the full year, profit after taxes were Rs 544.4 Cr as against Rs 571.6 Cr in the previous year – a reduction of 5%.
At its meeting today, the Board has recommended a dividend of 400% for the year, which means an outgo of Rs 8/ per for every share of Rs 2/- the overall dividend outgo would be Rs 122 Cr.
For the year ended 31st March 2025, the consolidated results reflect net sales of Rs 5318.9 Cr as against Rs 5014.4 Cr in the previous year and Profit After Taxes of Rs 700.8 Cr as against Rs 651.7 Cr in the previous year.
Of the previously announced capex plans, the E-Beam facility was commissioned during the year, and two new products were introduced during the year – acceptance on both products has been heartening, and the Company hopes to improve market penetration through these products. Work on the Preform manufacturing plant is progressing well – mechanical installation has been completed, while production trials are expected soon. Expansion of the Auto Cable capacity at Roorkee has been completed and has been available for customers since January 2025. Overall capex for the programs will be within the estimates provided earlier.
Financial Highlights
About Author
