Transcript of the Analyst/Investors Meet

FCL:SEC:SE:26:58 18th August 2026 Corporate Relations Department The Manager BSE Limited Listing Department 1st Floor, New Trading Ring National Stock Exchange of India Ltd Rotunda Building, P J Towers `Exchange Plaza’, C-1, Block G, Dalal Street, Fort Bandra – Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 500144 Scrip Code: FINCABLES Sub: Transcript of the Analysts/Investors Meet held on 13th August 2026 at 4.00 PM. Ref: Regulation 30 read with Clause 15(a) of PART A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/Madam, Pursuant to the above referred Regulation, please find attached the Transcript of the Analyst/Investor Meet held on 13th August 2026 at 4.00 pm (IST) to discuss financial results of the Company for the quarter ended on 30th June 2026. The transcript of recording can also be accessed on the Company’s website at https://www.finolex.com/View/Page/Analyst-meeting-transcript. Kindly take the same on record. Thanking you, Yours faithfully, For FINOLEX CABLES LIMITED Nirnoy Sur Company Secretary & General Manager (Legal) Encl.: As above Registered Office: 26-27, Mumbai-Pune Road, Pimpri, Pune – 411018. Tel: 020 27506200. Visit us at: www.finolex.com | Email: sales@finolex.com | CIN: L31300MH1967PL016531 “Finolex Cables Limited Q1 FY27 Earnings Conference Call” August 13, 2026 MANAGEMENT: MR. MAHESH VISWANATHAN – CHIEF EXECUTIVE OFFICER – FINOLEX CABLES LIMITED MR. SACHIN NAIK – CHIEF FINANCIAL OFFICER – FINOLEX CABLES LIMITED MODERATOR: MR. PRANAY PREMKUMAR – DENTSU ONE, INVESTOR RELATIONS Page 1 of 19 Finolex Cables Limited August 13, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Q1 FY27 Earnings Conference Call of Finolex Cables Limited. As a reminder, all participant lines will be in the listen-only mode. There will be an opportunity for you to ask questions after the presentation concludes. Should you need any assistance during this conference, please signal for an operator by pressing star followed by zero on your touchtone telephones. I now hand the conference over to Mr. Pranay Premkumar from Dentsu One, Investor Relations team. Thank you and over to you, sir. Pranay Premkumar: Thank you, Farah. Good evening and thank you all for joining us on the Finolex Cables Q1 FY27 Earnings Conference Call. Today, we have with us Mr. Mahesh Viswanathan, CEO from Finolex Cables Limited. We will begin the call with the opening remarks from the management, after which we will have the forum open for the interactive Q&A session. I must remind you that the discussion in today's earnings call may include certain forward- looking statements and must be viewed therefore in conjunction with the risk that the company faces. Please restrict your questions to the quarter performance and to strategic questions only. I would now request Mr. Viswanathan for the opening remarks. Thank you and over to you, sir. Mahesh Viswanathan: Thank you, Pranay. Good afternoon, ladies and gentlemen. Welcome to the first quarter earnings call of Finolex Cables Limited. Before I get into the explanation about the quarter, I would like to introduce Mr. Sachin Naik, who has joined us as the CFO effective 1st of June this year. Welcome, Sachin. Sachin Naik: Good afternoon, everyone. Look forward. Mahesh Viswanathan: Very quickly, recap on the quarter performance. As you must have all seen, we've posted pretty good numbers both in terms of revenue rise as well as in terms of the bottom-line improvements. While Sachin will come back to you with the specific numbers, I thought I would give you a brief on what has gone well this quarter. Overall, there were certain product lines which did extremely well in terms of volumes. On the electrical cables side, automotive cables, battery cables, flexible wires, solar and agricultural applications, all of them did extremely well posting fairly high double-digit growth numbers and this is just not a price growth, it is also volume-led growth. Building wire was more or less stable, very small low-digit volume growth. All the products had been impacted by the commodity price changes which have been happening for quite some time now. Added to this was also the fact that post-March, there have been issues around supply chain, whether it relates to availability of fuel or it relates to availability of PVC. We've been able to handle all of those changes, albeit, at a higher cost. The good thing is we've been able to pass on mostly pass on the cost to the end consumer. Page 2 of 19 Finolex Cables Limited August 13, 2026 At the end of the quarter, channel inventory, especially on building wires was low, that has been reflected in the low single-digit growth in volumes for building wire and we did see a reduction, a destocking of the inventory at the channel. Exports for this quarter has been one of the heroes. Our exports for the quarter was about INR 50 crores, almost the entire value that we did last year. Communication cables was one sector where the margin improvement was very visible. I had mentioned in my earlier call at the end of the last financial year that fiber prices were hardening. And so, to the extent that we had raw material from earlier on, we were able to get a higher margin on the sales that happened during the quarter and this happened with most of the competition as well. And this material gets consumed and new material which will be at a higher cost comes in, the margin levels will come back to normal levels. They would still be in the double-digits, but not as high as what you see today. Basically, while the margins have expanded, expect this to settle down in the coming quarters once the existing RM gets consumed. On the expansion side, I had mentioned in the last call that the preform production has commenced. We are on the way to stability. Hopefully in the next couple of months that should happen. On the draw tower side, our original plan was to go from 4 million to 6 million and then to 8 million in a phased manner. But in the meanwhile we have decided to go ahead with the complete expansion right from four to eight in one go, seeing that there is a shortage of fiber across the globe and that shortage is likely to continue for some time more. Overall capex for the year will still be what I mentioned in the May call, approximately INR 300 crores for the year. The additional information that I would like to share with you is that I had mentioned that the JV was doing well and had posted a profit of INR 24 crores last year that trend continues in the current quarter. They generated a revenue of about INR 87 crores with a profit of about INR 7 crores. That's the basic intro from my side. Sachin, you can take over with the numbers. Sachin Naik: Thank you, Mahesh, and good afternoon, everyone. Thank you for joining us. I will briefly take you through the key financial highlights for the first quarter of FY27. We've had a strong start to the financial year with a healthy growth in both revenue and profitability. Our revenue from operations for Q1 of FY27 stood at INR 2,013 crores, as compared to INR 1,396 crores in the corresponding quarter of last year. This represents a growth of approximately 44% in revenue. Profit before tax stood at INR 277 crores as against INR 171 crores in Q1 of last year, registering a growth of approximately 62%. And profit after tax stood at INR 221 crores compared to INR Page 3 of 19 Finolex Cables Limited August 13, 2026 139 crores in the corresponding quarter of last year, reflecting growth of approximately 59%. And as a result, the PBT margin has improved from 11.8% in quarter one of FY26 to 13.4% in the current quarter, while the PAT margin has improved from 9.6% to 10.7% during the quarter. Coming to segmental performance, electrical cables continues to be our largest business segment and we've reported a revenue of INR 1,767 crores compared to INR 1,206 crores in the corresponding quarter [Showing first 8,000 characters — download PDF for full document]