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Finolex Cables Limited (FINCABLES)

₹1,367.70 -1.88% last close, 16 Oct

📊 NSE: FINCABLES 🏢 Cables - Power 📢 Latest filing: 28 Sep 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Finolex Cables' revenue was ₹2,013 Cr (+44.3% year on year, +3.2% on the previous quarter), and net profit ₹249 Cr (+53.1% year on year); the operating margin was 12.1%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹2,013	+44.3%	+3.2%
Operating profit	₹244	+79.0%	+35.7%
Net profit	₹249	+53.1%	+11.2%
EPS (₹)	16.28	+53.2%	+11.0%
Operating margin	12.1%	—	—

Full quarterly financials → Results calendar →

FINCABLES delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 42.72% of the FINCABLES shares traded on NSE were taken to delivery, against the stock's own 20-session average of 35.64%. That is close to its usual level. Volume was 0.3 times its average, well below normal.

42.72%Delivery, 16 Oct

35.64%Own 20-session average

0.3×Volume vs its average

₹1,367.70NSE close · -1.88%

Delivery in the last 5 sessions: 34.4% · 38.6% · 47.1% · 32.3% · 42.7%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Finolex Cables 58th AGM: FY26 Capex of ₹240 Cr, ₹200 Cr FY27 Capex & Phase 2 Preform Expansion

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 28 Sep 2026, 04:50 PM

At its 58th AGM, Finolex Cables reported FY26 revenue growth of 19% to ₹6,321 crore and net profit growth of 14% to ₹623 crore. The company outlined planned FY27 capex of ₹200 crore following ₹240 crore invested in FY26, all funded via internal accruals. Strategic initiatives include an accelerated ₹100 crore Phase 2 optical fibre preform expansion to double capacity to 8 million km of fibre, doubling solar cable capacity via a second E-beam line, and land acquisition completed in Gujarat. Additionally, the EHV JV with Sumitomo turned profitable with ₹450 crore revenue and ₹21 crore profit.

Planned capex of ₹200 crore in FY27 following ₹240 crore invested in FY26, fully funded via internal cash flows
Accelerating Phase 2 optical fibre preform expansion with ₹100 crore capex, doubling capacity to nearly 8 million km of fibre
Ordered second E-beam solar line to double solar cable manufacturing capacity
Finolex J-Power Systems EHV JV with Sumitomo turned profitable with ₹450 crore revenue and ₹21 crore profit
Board recommended a dividend of ₹9 per equity share (450% of face value of ₹2)

💡 Track the commissioning timeline of the Phase 2 optical fibre preform plant and the incoming second E-beam solar line, alongside margin trajectory in Q2 FY27.

Finolex Cables Concludes 58th AGM; Votes on FY26 Dividend and Key Director Re-appointments

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 28 Sep 2026, 04:42 PM

Finolex Cables Limited held its 58th Annual General Meeting (AGM) on September 28, 2026. Shareholders considered eight key resolutions, including adoption of FY26 financial statements, declaration of an equity dividend, and ratification of cost auditor remuneration for FY27. Important leadership votes included the re-appointment of Mr. Ratnakar Barve as Whole-Time Director and second terms for three Independent Directors. Scrutinizer voting results across remote e-voting and AGM polls are expected to be declared within two working days.

58th Annual General Meeting held on September 28, 2026, commencing at 12:00 PM and concluding at 12:52 PM
8 total resolutions proposed, comprising 3 Ordinary Business and 5 Special Business items
Remote e-voting was conducted between September 24, 2026 (9:00 AM) and September 27, 2026 (5:00 PM)
Voting results to be finalized by scrutinizer Mandar Jog and reported within 2 working days

💡 Track the upcoming disclosure of voting results within two working days to confirm the formal approval of the FY26 dividend and director re-appointments.

Finolex Cables Issues Notice for 58th AGM on September 28, 2026; Director Terms on Agenda

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Sep 2026, 05:04 PM

Finolex Cables Limited has released the notice for its 58th Annual General Meeting (AGM) scheduled for September 28, 2026, to be held via Video Conferencing. Key ordinary items include the adoption of FY26 financial statements and dividend declaration. Special business includes the 5-year re-appointment of Whole-time Director Mr. Ratnakar Barve and Independent Directors Mrs. Vanessa Singh, Mr. Zubin Billimoria, and Mr. Sriraman Raghuraman (from September 30, 2026 to September 29, 2031). Additionally, the company has proposed ratifying cost auditor remuneration of Rs 8,00,000 for FY27.

58th Annual General Meeting scheduled for Monday, September 28, 2026 at 12:00 PM IST via VC/OAVM
Special resolution to re-appoint Whole-time Director Mr. Ratnakar Barve for 5 years (September 30, 2026 to September 29, 2031)
Proposed 5-year re-appointments for Independent Directors Mrs. Vanessa Singh, Mr. Zubin Billimoria, and Mr. Sriraman Raghuraman
Ratification of M/s. Joshi Apte & Associates' cost audit remuneration of Rs 8,00,000 plus taxes for FY27

💡 Eligible shareholders may participate in remote e-voting and review the AGM voting outcomes post-September 28, 2026.

Finolex Cables Schedules Institutional Analyst Plant Visit on September 9, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 04 Sep 2026, 05:22 PM

Finolex Cables Limited has informed the exchanges about a scheduled plant visit for analysts and institutional investors on Wednesday, September 9, 2026, at 9:00 AM IST. The meeting will be an in-person group visit hosted at the company's Urse manufacturing facility in Pune. The company affirmed that no unpublished price sensitive information (UPSI) will be shared during the visit. This is a standard procedural filing under Regulation 30 of SEBI Listing Regulations.

Plant visit scheduled for Wednesday, 9th September 2026 at 9:00 AM IST
Venue confirmed as the Urse plant located in Pune
Format specified as a physical group meeting with analysts and institutional investors
Company confirmed that no unpublished price sensitive information (UPSI) will be shared

💡 Track whether any investor presentation or transcript/summary is submitted to the stock exchanges post the visit.

Finolex Cables Sets Sept 4, 2026 Record Date for Rs 9/Share Dividend; AGM on Sept 28

🟡 NEUTRAL ⭐ 4/10

DIVIDEND 📅 29 Aug 2026, 03:50 PM

Finolex Cables Limited has announced its 58th Annual General Meeting (AGM) will be held on September 28, 2026, via Video Conferencing. The company fixed September 4, 2026, as the record date to determine eligibility for the recommended 450% dividend (Rs 9 per equity share) for FY 2025-26. If approved by shareholders at the AGM, the dividend will be disbursed on or before October 27, 2026. Remote e-voting is scheduled between September 24 and September 27, 2026, with a voting cut-off date of September 21, 2026.

Dividend recommended at 450% (Rs 9 per equity share) for FY 2025-26
Record date for dividend entitlement fixed as September 4, 2026
58th Annual General Meeting scheduled for September 28, 2026
Dividend payout to eligible members on or before October 27, 2026
Remote e-voting open from September 24, 2026 to September 27, 2026 with cut-off on September 21, 2026

💡 Track the ex-dividend date around September 4, 2026 for dividend eligibility and monitor shareholder voting results following the AGM on September 28, 2026.

Finolex Cables Sets Sep 4, 2026 as Record Date for Rs 9/Share (450%) FY26 Dividend

🟡 NEUTRAL ⭐ 4/10

DIVIDEND 📅 29 Aug 2026, 03:42 PM

Finolex Cables has announced September 4, 2026, as the record date for determining shareholder entitlement to a final dividend of Rs 9 per share (450%) for FY26. The dividend is subject to approval at the company's 58th Annual General Meeting (AGM) scheduled for September 28, 2026. If approved, the dividend will be disbursed on or before October 27, 2026. The cut-off date for AGM e-voting eligibility is September 21, 2026.

Dividend recommended at 450% (Rs 9 per equity share) for FY 2025-26
Record date for dividend entitlement fixed as Friday, 4th September, 2026
58th AGM scheduled for Monday, 28th September, 2026
Dividend payout to be completed on or before 27th October, 2026

💡 Investors seeking dividend eligibility must hold shares prior to the September 4, 2026 record date; monitor the AGM outcome on September 28, 2026.

Finolex Cables Sets Sep 4, 2026 Record Date for ₹9/Share (450%) Dividend

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 29 Aug 2026, 03:40 PM

Finolex Cables has announced September 4, 2026, as the record date to determine eligibility for a final dividend of ₹9 per equity share (450%) for FY 2025-26. The 58th Annual General Meeting (AGM) will be conducted via video conferencing on September 28, 2026. If approved by shareholders at the AGM, the dividend will be disbursed on or before October 27, 2026. The remote e-voting window is scheduled from September 24 to September 27, 2026, with a voting cut-off date of September 21, 2026.

Final dividend recommended at 450% (₹9 per equity share) for FY 2025-26
Record date for dividend entitlement fixed as Friday, September 4, 2026
58th AGM scheduled for Monday, September 28, 2026
Dividend to be paid on or before October 27, 2026, subject to AGM approval
Remote e-voting open from September 24, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)

💡 Investors seeking dividend eligibility must hold shares before the ex-dividend date prior to September 4, 2026. Watch for AGM proceedings and voting results on September 28, 2026.

Finolex Cables Issues TDS Intimation for Rs 9/Share Dividend; Record Date Sept 4, 2026

🟡 NEUTRAL ⭐ 3/10

DIVIDEND 📅 27 Aug 2026, 04:22 PM

Finolex Cables has issued a formal communication to shareholders regarding Tax Deduction at Source (TDS) on its recommended dividend of Rs 9.00 per equity share (450% on face value of Rs 2.00) for FY26. The record date for determining eligible shareholders is September 4, 2026. Shareholders seeking nil or lower TDS rates must submit relevant declarations (such as Form 121 or tax residency certificates) to the RTA, KFin Technologies, by September 4, 2026. If approved at the AGM on September 28, 2026, the dividend will be paid on or before October 27, 2026.

Board recommended a dividend of Rs 9.00 per share (450% on face value of Rs 2.00) for FY26
Record date set as September 4, 2026, for eligible shareholders
Shareholders must submit tax exemption forms/declarations by September 4, 2026
Dividend payment scheduled on or before October 27, 2026, subject to AGM approval on September 28, 2026

💡 Shareholders entitled to dividend should update their PAN/Aadhaar linkage and submit required tax exemption documents via KFin Technologies before September 4, 2026.

Finolex Cables: Resubmission of Q1 FY27 Results in Machine-Readable Format

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 21 Aug 2026, 03:52 PM

Finolex Cables has re-submitted its unaudited financial results for the quarter ended June 30, 2026, in machine-readable format pursuant to an exchange query. Standalone revenue from operations grew 44% YoY to Rs 2,013.2 crore compared to Rs 1,395.5 crore in Q1 FY26. Standalone PAT rose 59% YoY to Rs 221.3 crore from Rs 138.8 crore, driven by 7% volume growth in electrical wires and higher optical fiber cable realisations. The filing also reiterated that the 4 million fiber km draw facility expansion remains on track for Q3 commissioning.

Standalone revenue from operations reached Rs 2,013.2 crore, up 44% YoY from Rs 1,395.5 crore
Standalone net profit after tax grew 59% YoY to Rs 221.3 crore compared to Rs 138.8 crore in Q1 FY26
Consolidated PAT stood at Rs 249.04 crore with diluted EPS of Rs 16.28 per share
4 million fiber kilometer draw facility expansion is scheduled to come on stream by Q3 FY27
Copper rod plant was idle during the quarter due to limited LPG/PNG fuel availability

💡 Track the scheduled commissioning of the 4 million fiber km facility in Q3 FY27 and monitor fuel availability impacting copper rod operations.

Q1 FY27 Transcript: Revenue Up 44% to ₹2,013 Cr, PAT Up 59% to ₹221 Cr; Capex at ₹300 Cr

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 18 Aug 2026, 03:16 PM

Finolex Cables released its Q1 FY27 earnings call transcript, detailing a 44% YoY jump in revenue to ₹2,013 crore and a 59% YoY rise in PAT to ₹221 crore. Performance was driven by electrical cables (up 47% YoY to ₹1,767 crore) and communication cables (up 62% YoY to ₹176 crore with margins near 30%). Exports surged to ₹50 crore in Q1 alone, nearly matching full-year FY26 exports. Management affirmed an annual capex plan of ~₹300 crore (~4.3% of TTM revenue) and announced fast-tracking draw tower capacity directly from 4 million to 8 million fiber-km in a single phase.

Q1 FY27 Revenue grew 44% YoY to ₹2,013 crore, while PAT expanded 59% YoY to ₹221 crore.
Electrical cable sales rose 47% YoY to ₹1,767 crore, driven by automotive, solar, and agricultural demand.
Communication cables surged 62% YoY to ₹176 crore with margins near 30%, though management noted margins will normalize as lower-cost inventory is consumed.
Q1 export revenue touched ~₹50 crore, matching almost the full-year export total of FY26.
FY27 capex targeted at ~₹300 crore, including direct expansion of draw tower capacity from 4 million to 8 million fiber-km.

💡 Monitor the sustainability of communication cable margins as input costs reset, and track the commissioning progress of the 8 million fiber-km draw tower expansion.

Finolex Cables releases Q1 FY27 earnings call recording

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Aug 2026, 07:56 PM

Finolex Cables has made the audio recording of its Q1 FY27 earnings conference call available to the public, following the meet held on August 13, 2026. The company, which reported a TTM revenue of 6,321 crore and a PAT of 686 crore for FY26, uses these calls to update investors on its FMEG segment progress and capacity expansions. Key focus areas for investors in such calls typically include the impact of copper price volatility on the 9.7% operating margins and the status of BSNL Bharat Net tender participations.

Audio recording of the Analyst/Investor Meet held on August 13, 2026, at 4:00 PM IST is now public.
The meeting discussed the financial performance for the quarter ended June 30, 2026 (Q1 FY27).
Company maintains a target of 500 crore revenue from the FMEG segment within 2-3 years.
Management previously indicated FMEG break-even is expected at 250-260 crore in FY25.
Finolex is currently participating in BSNL Bharat Net tenders, with 12 of 16 already awarded.

💡 Investors should review the recording for management's commentary on volume growth in building wires and the margin outlook given recent commodity price trends.

44% Revenue Growth in Q1 FY27; EBITDA Surges 90% on Operating Leverage

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 13 Aug 2026, 02:56 PM

Finolex Cables reported a robust Q1 FY27 with standalone revenue growing 44% YoY to ₹2,013 Cr, driven by volume growth in Auto, Industrial, and Solar applications. Standalone EBITDA surged 90% YoY to ₹248 Cr as margins expanded by 294 bps to 12.3%, reflecting strong operating leverage. PAT for the quarter stood at ₹221 Cr, a 59% YoY increase. The Communication Cables segment showed significant recovery with EBIT jumping to ₹52.52 Cr from ₹1.3 Cr in the previous year, aided by higher Optic Fiber Cable volumes.

Q1 FY27 Revenue reached ₹2,013 Cr, a 44% YoY increase and 3% sequential growth.
Standalone EBITDA margins improved to 12.3% from 9.4% YoY, a 294 bps expansion.
Communication Cables segment revenue grew 62% YoY to ₹176 Cr with EBIT margins improving significantly.
Fiber Draw capacity expansion from 4 to 8 Mn Km is on track for completion by Q2 FY27.
FMEG segment targeting ₹500 Cr revenue in 2-3 years, with break-even expected at ₹250-260 Cr.

💡 Monitor the execution timeline for the 8 Mn Km fiber capacity expansion and the revenue ramp-up in the FMEG segment towards its ₹500 Cr target. Investors should also track copper price trends as the company passes through raw material costs to customers.

Finolex Cables Appoints Nirnoy Sur as Company Secretary and Compliance Officer

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 11 Aug 2026, 05:36 PM

Finolex Cables Limited has appointed Mr. Nirnoy Sur as Company Secretary, Compliance Officer, and General Manager (Legal) effective August 11, 2026. Mr. Sur brings over 17 years of experience in corporate governance and legal advisory, having previously served as the CS and Head of Legal at Kingfa Science & Technology (India) Limited for nearly a decade. This appointment fills a mandatory Key Managerial Personnel (KMP) position for the company, which currently has a market capitalization of Rs 18,476 Cr and TTM revenue of Rs 6,321 Cr.

Appointment of Mr. Nirnoy Sur as Company Secretary and Compliance Officer effective August 11, 2026
Appointee brings over 17 years of experience in secretarial, legal, and compliance functions
Previous experience includes nearly 10 years as CS and Head of Legal at a listed manufacturing peer
Board meeting for the appointment concluded at 2:11 p.m. on August 11, 2026

💡 This is a routine administrative appointment to ensure regulatory compliance. Investors should focus on the company's upcoming quarterly results and progress on its Rs 500 Cr FMEG revenue target.

Finolex Cables Re-appoints 4 Directors for Second 5-Year Terms Effective Sept 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 11 Aug 2026, 05:26 PM

Finolex Cables has approved the re-appointment of four key board members for a second five-year term, ensuring leadership continuity through September 2031. The re-appointments include three Independent Directors and one Whole-time Director, Mr. Ratnakar Barve, who has been with the company since 2009 and oversees production and R&D. These appointments are subject to shareholder approval and come as the company maintains a strong financial position with a market cap of Rs 18,476 Cr and zero debt. The move signals stability as the company pursues its target of Rs 500 Cr revenue from the FMEG segment in the next 2-3 years.

Re-appointment of 4 directors for a second term of 5 consecutive years each.
New terms for all four directors are effective from September 30, 2026, to September 29, 2031.
Whole-time Director Mr. Ratnakar Barve brings 38 years of experience in manufacturing and projects.
Independent Director Mr. Sriraman Raghuraman, aged 73, has approximately 41 years of professional experience.
Independent Director Mr. Zubin Billimoria is a Fellow Chartered Accountant with previous experience at Deloitte Haskins & Sells.

💡 Investors should monitor the upcoming shareholder voting results for these re-appointments to ensure broad-based support for the current management's long-term strategy.

Finolex Cables Approves Q1 FY27 Results and Re-appoints Key Board Members for 5-Year Terms

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 11 Aug 2026, 02:22 PM

Finolex Cables held a board meeting on August 11, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. The board also approved the re-appointment of three Independent Directors and one Whole-time Director for second five-year terms, ensuring leadership continuity through September 2031. Additionally, Mr. Nirnoy Sur was appointed as the new Company Secretary and Compliance Officer, bringing over 17 years of experience to the legal and secretarial function.

Approved standalone and consolidated financial results for the quarter ended June 30, 2026.
Re-appointed three Independent Directors (Vanessa Singh, Zubin Billimoria, Sriraman Raghuraman) for 5-year terms effective September 30, 2026.
Re-appointed Mr. Ratnakar Barve as Whole-time Director for a second 5-year term until September 2031.
Appointed Mr. Nirnoy Sur as Company Secretary and Compliance Officer effective August 11, 2026.
The board meeting concluded within approximately 2 hours and 34 minutes (11:37 AM to 2:11 PM).

💡 Investors should review the detailed Q1 FY27 financial statements once released to assess revenue growth against the TTM figure of ₹6,321 Cr and monitor shareholder approval for the proposed director re-appointments.

View All FINCABLES Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Revenue from Operations grew 6% to INR 5,324 Cr in FY25. For H1 FY26, revenue reached INR 2,771 Cr, a 9% YoY increase. The Wires and Cables segment grew 12% in H1 FY26, while the FMEG segment grew 13.7% to INR 256.1 Cr in FY24.

Geographic Revenue Split

Not disclosed by specific percentage, but the company operates a pan-India distribution network with 4,000 channel partners and 2,15,000 retailers.

Profitability Margins

PAT margins were maintained at healthy levels despite input cost volatility. FY24 PAT was INR 544.4 Cr on revenue of INR 5,318.9 Cr (10.2% margin). H1 FY26 PAT reached INR 326 Cr on INR 2,771 Cr revenue (11.76% margin).

EBITDA Margin

EBITDA margin for H1 FY26 was 10.2%, with EBITDA reaching INR 438 Cr, a 19% YoY increase. FY25 margins contracted to 9.92% due to copper and aluminum price volatility.

Capital Expenditure

INR 500 Cr capex is lined up for the FY24-26 period, including the commissioning of a new e-Beam facility and expansion of the Roorkee plant.

Credit Rating & Borrowing

CRISIL AA+/Stable for long-term and CRISIL A1+ for short-term debt. The company is debt-free with nil long-term borrowings and unutilized fund-based bank limits of INR 200 Cr.

⚙️ Operational Drivers

Raw Materials

Copper and Aluminum are the primary raw materials. Volatility in these commodities led to a margin contraction to 9.92% in FY25.

Import Sources

Not specifically disclosed, but managed through strategic pass-through mechanisms and backward integration.

Capacity Expansion

Current expansion includes the completed commissioning of the e-Beam facility and the expansion of the Roorkee plant to support electrical cable growth.

Raw Material Costs

Raw material costs are managed through strategic pass-through, hedging, and optimal inventory management to mitigate price volatility.

Manufacturing Efficiency

Manufacturing efficiency is supported by integrated operations and new technology like the e-Beam facility.

Logistics & Distribution

Distribution is handled through a network of 4,000 channel partners and 2,15,000 retailers to ensure pan-India reach.

📈 Strategic Growth

Expected Growth Rate

8-10%

Growth Strategy

Growth will be achieved through a target of INR 500 Cr revenue from the FMEG segment in 2-3 years, participation in BSNL Bharat Net tenders, and capacity expansion at the Roorkee and e-Beam facilities.

Products & Services

Electrical cables, communication cables, fans, switches, switchgears, lighting, water heaters, and smart home devices.

Brand Portfolio

Finolex

New Products/Services

Expansion into FMEG includes new smart home devices, fans, and water heaters, with FMEG expected to break even at INR 250-260 Cr in FY25.

Market Expansion

Targeting the FMEG sector and rural electrification, aiming for a 10% CAGR in the appliances segment.

Market Share & Ranking

Industry leader in wires and cables; organized sector market share is 72%, expected to reach 80% by FY27.

Strategic Alliances

Joint Venture with J-Power Systems (Japan) for high-voltage power cables.

🌍 External Factors

Industry Trends

The wires and cables industry is projected to grow at an 11.8% CAGR to reach INR 1,430 billion by FY29, driven by government infrastructure and renewable energy initiatives.

Competitive Landscape

Intense competition from established organized players and a significant unorganized sector (currently 28% of the market).

Competitive Moat

Durable advantages include a strong brand reputation, integrated operations, and a massive distribution network of 2.15 lakh retailers, which are difficult for competitors to replicate.

Macro Economic Sensitivity

Highly sensitive to GDP growth, infrastructure spending, and urbanization. Real estate moderation led to flat growth in building wires in Q2 FY26.

Consumer Behavior

Rising disposable incomes and brand formalization are driving a shift toward organized players in the FMEG and cable segments.

Geopolitical Risks

Global macroeconomic headwinds and commodity price fluctuations are primary external risks.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to quality standards and pollution norms; the company must also comply with SEBI listing regulations for corporate governance.

Environmental Compliance

Not disclosed in specific INR values, though the company reports on CSR activities in health and education.

Taxation Policy Impact

Effective tax rate is approximately 23.7% based on FY24 PAT of INR 544.4 Cr and PBT of INR 713.6 Cr.

Legal Contingencies

There is an ongoing dispute between members of the Chhabria family (Deepak vs. Prakash Chhabria) over management control, which is currently sub judice.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainties are the outcome of the family management dispute and the volatility of copper and aluminum prices, which can impact margins by over 2%.