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Kumar Satyam

16th Feb · SEBI-Registered Analyst

Finolex Cables Q3 FY26: Strong Revenue Growth with Healthy Volume Momentum

Finolex Cables reported a strong Q3 FY26 performance, driven by robust revenue growth and solid volume expansion across segments. Q3 FY26 Financial Highlights Revenue: ₹1,600 crore Up 35% QoQ Up 17% YoY 9M FY26 Revenue: ₹4,370 crore EBITDA: Up 12% QoQ Up 17% YoY PAT: Up 10% QoQ Up 18% YoY Operating Cash Flow: ₹78 crore in Q3 Improved from ₹9 crore in the same quarter last year Volume Growth Highlights Wires & Cables: Up 25% overall Auto Cables: Up 42% Industrial Cables: Up 28% Solar Cables: Operating at 80–85% capacity utilization Summary Finolex Cables delivered strong topline growth supported by healthy volume expansion across key segments. Improved operating cash flow and high capacity utilization in solar cables indicate strengthening demand and better working capital management. Impact Assessment Positive. Strong revenue growth, improving profitability, and rising cash flows signal healthy execution and demand traction across segments. Learning Outcome In manufacturing businesses, volume growth combined with operating cash flow improvement reflects sustainable demand and operational efficiency. Capacity utilization trends are key indicators of future revenue potential.

FINCABLES

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