Finolex Cables Ltd. — Interim / Quarterly Report 2026

May 28, 2026

SELECTED Superbrand INDIA 2009-10 CONSUMER VALIDATED

Finolex Cables Limited

AN IS/ISO 9001 CERTIFIED COMPANY

FCL:SEC:SE:26:30
28th May 2026

| Corporate Relations Department
BSE Limited
1st Floor, New Trading Ring
Rotunda Building, P J Towers
Dalal Street, Fort
Mumbai – 400 001 | The Manager
Listing Department
National Stock Exchange of India Ltd
'Exchange Plaza', C-1, Block G,
Bandra – Kurla Complex,
Bandra (E), Mumbai – 400 051 |
| --- | --- |
| Scrip Code: 500144 | Scrip Code: FINCABLES |

Subject: Outcome of the Board Meeting held on 28th May 2026.

Ref: Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 (SEBI Listing Regulations, 2015).

Dear Sir/Madam,

Pursuant to the above referred Regulations read with Schedule III, Part A and Para A of SEBI Listing Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its meeting held today-

i. Approved the Audited Standalone and Consolidated Financial Results of the Company for the quarter and Financial Year ended on 31st March 2026.

ii. Recommended a dividend @ 450% (i.e. @ Rs 9 per equity share of Rs. 2/- each fully paid up) for the Financial Year ended 31st March 2026, subject to approval of shareholders at ensuing Annual General Meeting of the Company.

Pursuant to the recommendation of the Nomination & Remuneration Committee, the Board of Directors of the Company (the "Board") at its Meeting held on 28th May 2026 has approved: -

1. Elevation of Mr. Mahesh Viswanathan currently designated as Dy. CEO & Chief Financial Officer (CFO) as Chief Executive Officer ("CEO") of the Company with effect from 1st June 2026.

2. Appointment of Mr. Sachin Naik as Chief Financial Officer (CFO) of the Company with effect from 1st June 2026.

Regd. Office:
26-27, Mumbai-Pune Road, Pimpri, Pune - 411018, India. Tel: 020-27506200
Visit us at: www.finolex.com | Email: sales@finolex.com | CIN: L31300MH1967PLC016531

XCEEDS.™
XPECTATIONS

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SELECTED Superbrand INDIA 2009-10 CONSUMER VALIDATED

Finolex Cables Limited AN IS/ISO 9001 CERTIFIED COMPANY

We would like to inform that Ms/ Deloitte Haskins Sell LLP (Firm Registration No 117366W/W-100018) have issued Audit Report on the Audited Standalone Financial Results for the quarter and year ended on 31st March 2026 and Audited Consolidated Financial Results for the year ended on 31st March 2026. We also enclose herewith a copy of a declaration in respect of Unmodified Opinion by the Statutory Auditors certified by the Chief Financial Officer of the Company.

You are requested to take the same on your record.

The Board Meeting commenced at 2.00 pm and concluded at 4:30 pm.

Thanking you,

Yours truly,

For FINOLEX CABLES LIMITED

Siddhesh Mandke
Company Secretary & General Manager (Legal)
Encl: As above

Regd. Office: 26-27, Mumbai-Pune Road, Pimpri, Pune - 411018, India. Tel: 020-27506200 Visit us at: www.finolex.com | Email: sales@finolex.com | CIN: L31300MH1967PLC016531

XCEEDS...XPECTATIONS

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Finolex Cables Limited

Registered Office : 26/27, Mumbai-Pune Road, Pimpri, Pune 411018 (India)

Tel: (91) (20) 27475963 Fax : (91) (020) 27472239 Website : http://www.finolex.com

CIN : L31300MH1967PLC016531

Statement of Standalone & Consolidated Financial results of Finolex Cables Limited for the quarter and year ended 31st March, 2026

Prepared in compliance with the Indian Accounting Standards (Ind AS)

(Rs. In Crore)

	Particulars	Standalone					Consolidated
		Quarter ended			Year ended		Quarter ended			Year ended
		31-Mar-26	31-Dec-25	31-Mar-25	31-Mar-26	31-Mar-25	31-Mar-26	31-Dec-25	31-Mar-25	31-Mar-26	31-Mar-25
		Unaudited	Unaudited	Unaudited	Audited	Audited	Unaudited	Unaudited	Unaudited	Audited	Audited
1	Total Income from Operations	1,983.76	1,639.99	1,649.34	6,558.99	5,566.55	1,983.76	1,639.99	1,649.34	6,486.64	5,516.31
2	Net Profit before Tax	218.86	178.78	208.13	806.93	713.55	303.38	216.39	261.46	928.52	922.45
3	Net Profit after Tax	161.19	135.97	151.86	622.87	544.40	224.43	164.03	191.71	713.72	700.77
4	Total Comprehensive Income	152.83	138.80	133.09	621.85	515.58	216.08	167.23	173.30	712.99	671.74
5	Paid up equity share capital (face value Rs. 2/-each)	30.59	30.59	30.59	30.59	30.59	30.59	30.59	30.59	30.59	30.59
6	Earnings per share (of Rs. 2/- each) (Not annualised)
	(a) Basic (in Rs)/ Share (not annualised for quarters)	10.54	8.89	9.93	40.73	35.60	14.67	10.73	12.53	46.67	45.82
	(b) Diluted (in Rs)/ Share (not annualised for quarters)	10.54	8.89	9.93	40.73	35.60	14.67	10.73	12.53	46.67	45.82

Note:
The above is an extract of the detailed format for quarter and year ended financial results filed with the Stock Exchange under Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The full format of the Standalone & Consolidated financial results for the quarter and year ended 31st March, 2026 are available on the Stock Exchange websites www.nseindia.com and www.bseindia.com and under the Investor Relations section of our website at http://www.finolex.com.

Place : Pune

Date : 28th May 2026

By Order of the Board

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Finolex Cables Limited
Registered Office : 26/27, Mumbai-Pune Road, Pimpri, Pune 411018 (India)
Tel. 27475963 Fax : (91) (020) 27472239 website : http://www.finolex.com
CIN : L31300MH1967PLC016531
Statement of Standalone Financial Results for the quarter and year ended 31st March, 2026

(Rs. In Crore)

	Particulars	Quarter ended			Year ended
		31-Mar-26	31-Dec-25	31-Mar-25	31-Mar-26	31-Mar-25
		Refer Note 2	Unaudited	Refer Note 2	Audited	Audited
I	Revenue from Operations	1,951.08	1,598.62	1,594.58	6,321.01	5,318.89
II	Other Income	32.68	41.37	54.76	237.98	247.66
III	Total Income (I+II)	1,983.76	1,639.99	1,649.34	6,558.99	5,566.55
IV	Expenses
	Cost of material consumed	1,695.44	1,358.84	1,246.44	5,327.75	4,359.53
	Purchase of stock-in-trade	12.04	14.91	18.74	62.03	73.88
	Changes in inventories of finished goods, stock-in-trade and work in progress	(97.13)	(69.01)	17.51	(239.80)	(141.32)
	Employee benefits expense	45.61	58.49	43.93	202.71	184.59
	Finance costs	0.44	0.45	0.50	1.75	1.67
	Depreciation and amortization expense	16.67	14.98	12.42	59.40	46.61
	Other expenses	91.83	82.55	101.67	338.22	328.04
	Total Expenses (IV)	1,764.90	1,461.21	1,441.21	5,752.06	4,853.00
V	Profit before tax (III-IV)	218.86	178.78	208.13	806.93	713.55
VI	Tax expense
	(1) Current tax	52.35	34.39	46.68	162.48	141.80
	(2) Deferred tax charge/(credit)	5.32	8.42	9.59	21.58	27.35
	Total tax expense (VI)	57.67	42.81	56.27	184.06	169.15
VII	Profit for the quarter/year (V-VI)	161.19	135.97	151.86	622.87	544.40
VIII	Other Comprehensive Income / (Expense)
	(A) Items that will not be reclassified to profit or loss
	(i) Re-measurement gain/ (loss) on defined benefit plans	1.11	0.05	(0.91)	1.24	(1.73)
	(ii) Fair value change in equity instruments	(9.39)	2.61	(20.34)	(2.21)	(31.99)
	(iii) Income tax relating to these items	(0.08)	0.17	2.48	(0.05)	4.90
	(B) Items that will be reclassified to profit or loss	-	-	-	-	-
	Other Comprehensive Income / (Expense) for the quarter/year (VIII)	(8.36)	2.83	(18.77)	(1.02)	(28.82)
IX	Total Comprehensive Income for the quarter/year (VII + VIII)	152.83	138.80	133.09	621.85	515.58
X	Paid up equity share capital (Face value Rs. 2 per share)	30.59	30.59	30.59	30.59	30.59
XI	Other Equity				5,068.02	4,568.52
XII	Earnings per equity share(Face value Rs. 2 per share):
	(1)Basic (In Rs.)/Share (not annualised for quarters)	10.54	8.89	9.93	40.73	35.60
	(2) Diluted (In Rs.)/Share (not annualised for quarters)	10.54	8.89	9.93	40.73	35.60

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Finolex Cables Limited

Registered Office : 26/27, Mumbai-Pune Road, Pimpri, Pune 411018 (India)

Tel. 27475963 Fax : (91) (020) 27472239 website : http://www.finolex.com

CIN : L31300MH1967PLC016531

Standalone Statement of Assets and Liabilities

| | As at
31st March, 2026 | As at
31st March, 2025 |
| --- | --- | --- |
| I ASSETS | | |
| NON CURRENT ASSETS | | |
| (a) Property, Plant and Equipment | 831.42 | 565.50 |
| (b) Capital Work-in-Progress | 105.20 | 209.94 |
| (c) Intangible Assets | 0.83 | 0.94 |
| (d) Intangible Assets under development | 1.84 | 0.54 |
| (e) Right of use Asset | 15.69 | 16.98 |
| (f) Financial Assets | | |
| i) Investment in Associate and Joint Ventures | 262.76 | 174.56 |
| ii) Other Investments | 719.55 | 181.14 |
| iii) Other Financial Assets | 141.81 | 58.74 |
| (g) Non-Current Tax Assets (net) | 19.12 | 19.08 |
| (h) Other Non-Current Assets | 21.92 | 59.02 |
| Total Non-Current Assets | 2,120.14 | 1,286.44 |
| CURRENT ASSETS | | |
| (a) Inventories | 1,023.17 | 717.03 |
| (b) Financial Assets | | |
| i) Investments | 1,875.27 | 2,414.38 |
| ii) Trade Receivables | 370.08 | 242.56 |
| iii) Cash and Cash Equivalents | 163.13 | 90.13 |
| iv) Other Bank balances | 4.99 | 55.34 |
| v) Other Financial Assets | 26.01 | 223.14 |
| (c) Other Current Assets | 69.32 | 41.54 |
| Total Current Assets | 3,531.97 | 3,784.12 |
| TOTAL ASSETS | 5,652.11 | 5,070.56 |
| II EQUITY AND LIABILITIES | | |
| EQUITY | | |
| (a) Equity Share Capital | 30.59 | 30.59 |
| (b) Other Equity | 5,068.02 | 4,568.52 |
| Total Equity | 5,098.61 | 4,599.11 |
| LIABILITIES | | |
| NON CURRENT LIABILITIES | | |
| (a) Financial Liabilities | | |
| i) Borrowings | 0.79 | 0.80 |
| ii) Lease Liabilities | 13.29 | 14.52 |
| (b) Provisions | 16.27 | 13.22 |
| (c) Deferred Tax Liabilities ( Net) | 103.54 | 81.90 |
| Total Non-Current Liabilities | 133.89 | 110.44 |
| CURRENT LIABILITIES | | |
| (a) Financial Liabilities | | |
| (i) Borrowings | 0.07 | 0.07 |
| (ii) Lease Liabilities | 4.99 | 4.60 |
| (iii) Trade Payables | | |
| (a) Total Outstanding Dues of micro enterprises and small enterprises | 41.20 | 35.66 |
| (b) Total Outstanding Dues of Creditors other than micro enterprises and small enterprises | 180.70 | 206.06 |
| (iv) Other Financial Liabilities | 36.38 | 5.03 |
| (b) Other Current Liabilities | 94.31 | 63.82 |
| (c) Provisions | 9.56 | 8.01 |
| (d) Current tax Liabilities (net) | 52.40 | 37.76 |
| Total Current Liabilities | 419.61 | 361.01 |
| Total Liabilities | 553.50 | 471.45 |
| TOTAL EQUITY AND LIABILITIES | 5,652.11 | 5,070.56 |

See accompanying notes to the Standalone Financial Statements

2

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Standalone Segment wise Revenue, Results, Assets and Liabilities.

Particulars	Quarter ended			Year ended
	31-Mar-26	31-Dec-25	31-Mar-25	31-Mar-26	31-Mar-25
	Refer Note 2	Unaudited	Refer Note 2	Audited	Audited
Segment Revenue
A. Electrical cables	1,696.36	1,400.44	1,391.01	5,490.23	4,499.01
B. Communication cables	162.35	122.76	122.89	500.33	507.67
C. Copper rods	575.90	678.20	481.51	2,142.58	1,684.14
D. Others	72.47	61.40	65.12	261.52	256.10
Total segment revenue	2,507.08	2,262.80	2,060.53	8,394.66	6,946.92
Less: Inter segment revenue	(556.00)	(664.18)	(465.95)	(2,073.65)	(1,628.03)
Net segment revenue	1,951.08	1,598.62	1,594.58	6,321.01	5,318.89
Segment Results
A. Electrical cables	178.70	137.34	152.57	562.85	475.80
B. Communication cables	9.77	1.64	1.62	13.92	8.20
C. Copper rods	0.61	0.81	1.45	3.16	4.44
D. Others	1.44	1.08	1.88	4.69	4.95
Total segment results	190.52	140.87	157.52	584.62	493.39
(Less): Finance costs	(0.44)	(0.45)	(0.50)	(1.75)	(1.67)
Add /(Less): unallocable income net of unallocable expenditure	28.78	38.36	51.11	224.06	221.83
Profit before tax	218.86	178.78	208.13	806.93	713.55
Segment Assets
A. Electrical cables	1,723.88	1,504.92	1,249.51	1,723.88	1,249.51
B. Communication cables	588.90	557.31	499.26	588.90	499.26
C. Copper rods	49.90	21.39	21.41	49.90	21.41
D. Others	83.57	89.17	89.79	83.57	89.79
Unallocable Assets	3,205.86	3,365.82	3,210.59	3,205.86	3,210.59
Total Assets	5,652.11	5,538.61	5,070.56	5,652.11	5,070.56
Segment Liabilities
A. Electrical cables	315.80	377.80	279.91	315.80	279.91
B. Communication cables	42.50	29.78	30.39	42.50	30.39
C. Copper rods	3.11	3.59	2.84	3.11	2.84
D. Others	12.65	17.00	14.56	12.65	14.56
Unallocable Liabilities	179.44	164.65	143.75	179.44	143.75
Total Liabilities	553.50	592.82	471.45	553.50	471.45

Others segment mainly comprises of Trading of Electrical and other goods.

Notes:

1. The above results were reviewed by the Audit Committee and were thereafter approved by the Board of Directors at their respective meetings held on 28th May 2026.

2. Figures for the quarter ended 31st March, 2026 and 31st March, 2025 are the balancing figures between the audited figures in respect of the full financial year and year to date figures up to the third quarter of the respective financial year.

3. The full format of the standalone audited financial results and statement of assets and liabilities are available on the company website (http://www.finolex.com) and on the websites of the National Stock Exchange of India Limited (www.nseindia.com) and Bombay Stock Exchange Limited (www.bseindia.com).

4. The Government of India has merged 29 existing labour laws into a unified framework comprising four Labour Codes: the Code on Wages, 2019; the Industrial Relations Code, 2020; the Code on Social Security, 2020; and the Occupational Safety, Health and Working Conditions Code, 2020, effective from November 21, 2025. Based on the information and consistent with the guidance provided by the Institute of Chartered Accountants of India, the Company has evaluated and recorded the resulting incremental financial impact of Rs. 6.01 crores in past service cost (employee benefits cost) in these financial results for the year ended March 31, 2026. Once Central / State Rules are notified by the Government on all aspects of the Codes, the Company will evaluate impact, if any, on the measurement of employee benefits and would provide appropriate accounting treatment.

5. The Board of Directors at its meeting held on 28th May, 2026 proposed a dividend of Rs.9.00 (previous year Rs. 8.00) per equity share.

Place : Pune
Date: 28th May,2026

By Order of the Board

Ratnakar Barve
Whole Time Director - Chairman
DIN - 09341821

Registered Office: 26/27, Mumbai-Pune Road, Pimpri, Pune 411018 (India)

Tel. 27475963 Fax: (91) (020) 27472239 website: http://www.finolex.com

CIN: L31300MH1967PLC016531

Statement of Standalone Cash Flow for the year ended 31st March, 2026

| Particulars | Year Ended
31st March, 2026 | | Year Ended
31st March, 2025 | |
| --- | --- | --- | --- | --- |
| A. Cash flow from Operating Activities | | | | |
| Profit before tax for the year | | 806.93 | | 713.55 |
| Adjustments for : | | | | |
| Finance costs | 1.75 | | 1.67 | |
| Interest income on financial assets carried at amortised cost | (20.11) | | (30.01) | |
| Dividend income | (72.94) | | (51.37) | |
| Net gain on investments classified at FVTPL | (138.70) | | (161.25) | |
| Net impairment loss/(reversal) on account receivable | (0.22) | | (5.00) | |
| Bad Debts | 0.31 | | | |
| Depreciation and amortisation expenses | 59.40 | | 46.61 | |
| Impairment of financial assets | - | | 12.00 | |
| Net gain on disposal of property, plant and equipment | 0.22 | | 1.49 | |
| Unrealised foreign exchange (gain)/loss | 3.64 | | 0.25 | |
| Gain on termination of lease | (0.07) | | (0.03) | |
| | | (166.72) | | (185.64) |
| Operating profit before working capital changes | | 640.21 | | 527.91 |
| Working Capital Adjustments | | | | |
| Adjustments for (increase) / decrease in operating assets: | | | | |
| Trade receivables | (127.61) | | (60.09) | |
| Inventories | (306.14) | | (140.70) | |
| Other non financial assets (current and non-current) | (22.36) | | (0.52) | |
| Other bank balances | 0.35 | | (0.43) | |
| Other financial assets (current and non-current) | (0.44) | | 1.65 | |
| Other non-current assets | | | 0.35 | |
| | | (456.20) | | (199.74) |
| | | 184.01 | | 328.17 |
| Adjustments for increase / (decrease) in operating liabilities: | | | | |
| Trade payables | (23.46) | | 7.26 | |
| Long term / short term provisions | 4.60 | | 1.65 | |
| Other current liabilities | 30.49 | | 10.96 | |
| Other current financial liabilities | 0.05 | | 0.15 | |
| | | 11.68 | | 20.02 |
| Cash generated from operations | | 195.69 | | 348.19 |
| Income tax paid | | (146.61) | | (140.94) |
| Net cash generated from Operating Activities | | 49.08 | | 207.25 |
| B. Cash flow from Investing Activities | | | | |
| Dividend received | 72.94 | | 51.37 | |
| Deposits and bank balances not considered as cash and cash equivalents (net) | 160.11 | | 139.99 | |
| Interest received - Others | 24.50 | | 38.06 | |
| Purchase of investments in mutual funds | (4,623.08) | | (3,692.01) | |
| Proceeds from sale of investments in mutual funds | 4,760.26 | | 3,615.57 | |
| Investment in joint venture | (88.20) | | - | |
| Purchase of property, plant and equipment (including Capital work in progress, intangible assets, intangible assets under development) | (154.28) | | (236.43) | |
| Proceeds from disposal of property, plant and equipment | 0.58 | | 1.36 | |
| Net cash generated from /(used in) Investing Activities | | 152.83 | | (82.09) |
| C. Cash flow from Financing Activities | | | | |
| Other borrowings repaid | (0.08) | | (0.08) | |
| Dividend paid | (122.09) | | (121.99) | |
| Repayment of lease liability: | | | | |
| Principal | (5.06) | | (4.44) | |
| Interest | (1.68) | | (1.60) | |
| Net cash (used in) Financing Activities | | (128.91) | | (128.11) |
| Net increase/ (decrease) in Cash and Cash Equivalents | | 73.00 | | (2.95) |
| Cash and cash equivalents as at 1st April (Opening balance) | | 90.13 | | 93.08 |
| Cash and cash equivalents as at 31st March (Closing balance) | | 163.13 | | 90.13 |

Note:

1. Cash and Cash Equivalents Include:

(a) Cash on hand
(b) Balances with banks
In current accounts

Cash and Cash Equivalents

(Rs. In Crore)
As at
31st March, 2026	As at
31st March, 2025
0.00	0.00
163.13	90.13
163.13	90.13

2
DMS LLP
1

Finolex Cables Limited

Tel. 27475963 Fax : (91) (020) 27472239 website : http://www.finolex.com

CIN: L31300MH1967PLC016531

Statement of Consolidated Financial Results for the quarter and year ended 31st March, 2026

	Particulars	Quarter ended			Year ended
		31-Mar-26	31-Dec-25	31-Mar-25	31-Mar-26	31-Mar-25
		Refer Note 2	Unaudited	Refer Note 2	Audited	Audited
I	Revenue from Operations	1,951.08	1,598.62	1,594.58	6,321.01	5,318.89
II	Other Income	32.68	41.37	54.76	165.63	197.42
III	Total Income (I+II)	1,983.76	1,639.99	1,649.34	6,486.64	5,516.31
IV	Expenses
	Cost of material consumed	1,695.44	1,358.84	1,246.44	5,327.75	4,359.53
	Purchase of stock-in-trade	12.04	14.91	18.74	62.03	73.88
	Changes in inventories of finished goods, stock-in-trade and work in progress	(97.13)	(69.01)	17.51	(239.80)	(141.32)
	Employee benefits expense	45.61	58.49	43.93	202.71	184.59
	Finance costs	0.44	0.45	0.50	1.75	1.67
	Depreciation and amortization expense	16.67	14.98	12.42	59.40	46.61
	Other expenses	114.67	77.83	97.12	348.82	300.93
	Total Expenses (IV)	1,787.74	1,456.49	1,436.66	5,762.66	4,825.89
V	Profit before share of net profit of associate and joint ventures and tax (III-IV)	196.02	183.50	212.68	723.98	690.42
VI	Share of net profit of an Associate and Joint Venture (Includes exceptional income from associate)	107.36	32.89	48.78	204.54	232.03
VII	Profit before tax (V+VI)	303.38	216.39	261.46	928.52	922.45
VIII	Tax expense
	(1) Current tax	52.35	34.39	46.68	162.48	141.80
	(2) Deferred tax charge/(credit)	26.60	17.97	23.07	52.32	79.88
	Total tax expense (VIII)	78.95	52.36	69.75	214.80	221.68
IX	Profit for the quarter/year (VII-VIII)	224.43	164.03	191.71	713.72	700.77
X	Other Comprehensive Income / (Expense)
	(A) Items that will not be reclassified to profit or loss
	(i) Re-measurement gain/ (loss) on defined benefit plans	1.11	0.05	(0.91)	1.24	(1.73)
	(ii) Fair value change in equity instruments	(9.39)	2.61	(20.34)	(2.21)	(31.99)
	(iii) Income tax relating to these items	(0.08)	0.17	2.48	(0.05)	4.90
	(iv) Share of Other Comprehensive Income/(Expense) of the associate and joint venture	0.01	0.37	0.36	0.29	(0.21)
	(B) Items that will be reclassified to profit or loss	-	-	-	-	-
	Other Comprehensive Income / (Expense) for the quarter/year (X)	(8.35)	3.20	(18.41)	(0.73)	(29.03)
XI	Total Comprehensive Income for the quarter/year (IX+X)	216.08	167.23	173.30	712.99	671.74
	Profit for the quarter/year attributable to:
	- Owners of the Company	224.43	164.03	191.71	713.72	700.77
	- Non-controlling interest	-	-	-	-	-
	Other Comprehensive Income / (Expense) for the quarter/year attributable to:
	- Owners of the Company	(8.35)	3.20	(18.41)	(0.73)	(29.03)
	- Non-controlling interest	-	-	-	-	-
	Total Comprehensive Income for the quarter/year attributable to:
	- Owners of the Company	216.08	167.23	173.30	712.99	671.74
	- Non-controlling interest	-	-	-	-	-
XII	Paid up equity share capital (Face value Rs. 2 per share)	30.59	30.59	30.59	30.59	30.59
XIII	Other Equity				6,055.29	5,464.66
XIV	Earnings per equity share(Face value Rs. 2 per share):
	(1)Basic (In Rs.)/Share (not annualised for quarters)	14.67	10.73	12.53	46.67	45.82
	(2) Diluted (In Rs.)/Share (not annualised for quarters)	14.67	10.73	12.53	46.67	45.82

2

DHS LLP

Consolidated Statement of Assets and Liabilities

| | | As at
31st March, 2026 | As at
31st March, 2025 |
| --- | --- | --- | --- |
| I ASSETS | | | |
| NON CURRENT ASSETS | | | |
| (a) | Property, Plant and Equipment | 831.42 | 565.50 |
| (b) | Capital Work-in-Progress | 105.20 | 209.94 |
| (c) | Intangible Assets | 0.83 | 0.94 |
| (d) | Intangible Assets under development | 1.84 | 0.54 |
| (e) | Right of use asset | 15.69 | 16.98 |
| (f) | Investment Accounted for using the equity method | 1,600.61 | 1,390.54 |
| (g) | Financial Assets | | |
| | i) Other Investments | 719.55 | 181.14 |
| | ii) Other Financial Assets | 141.81 | 58.74 |
| (h) | Non-Current Tax Assets (net) | 19.12 | 19.08 |
| (i) | Other Non-Current Assets | 21.92 | 59.02 |
| Total Non-Current Assets | | 3,457.99 | 2,502.42 |
| CURRENT ASSETS | | | |
| (a) | Inventories | 1,023.17 | 717.03 |
| (b) | Financial Assets | | |
| | i) Investments | 1,875.27 | 2,414.38 |
| | ii) Trade Receivables | 370.08 | 242.56 |
| | iii) Cash and Cash Equivalents | 163.13 | 90.13 |
| | iv) Other bank balances | 4.99 | 55.34 |
| | v) Other Financial Assets | 26.01 | 223.14 |
| (c) | Other Current Assets | 69.32 | 41.54 |
| Total Current Assets | | 3,531.97 | 3,784.12 |
| TOTAL ASSETS | | 6,989.96 | 6,286.54 |
| II EQUITY AND LIABILITIES | | | |
| EQUITY | | | |
| (a) | Equity Share Capital | 30.59 | 30.59 |
| (b) | Other Equity | 6,055.29 | 5,464.66 |
| Total Equity | | 6,085.88 | 5,495.25 |
| LIABILITIES | | | |
| NON CURRENT LIABILITIES | | | |
| (a) | Financial Liabilities | | |
| | i) Borrowings | 0.79 | 0.80 |
| | ii) Lease Liabilities | 13.29 | 14.52 |
| (b) | Provisions | 16.27 | 13.22 |
| (c) | Deferred Tax Liabilities ( Net) | 454.12 | 401.74 |
| Total Non-Current Liabilities | | 484.47 | 430.28 |
| CURRENT LIABILITIES | | | |
| (a) | Financial Liabilities | | |
| | i) Borrowings | 0.07 | 0.07 |
| | ii) Lease Liabilities | 4.99 | 4.60 |
| | iii) Trade Payables | | |
| | (a) Total outstanding dues of Micro Enterprises
and Small Enterprises | 41.20 | 35.66 |
| | (b) Total outstanding dues of Creditors other
than Micro Enterprises and Small Enterprises | 180.70 | 206.06 |
| | (iv) Other Financial Liabilities | 36.38 | 5.03 |
| (b) | Other Current Liabilities | 94.31 | 63.82 |
| (c) | Provisions | 9.56 | 8.01 |
| (d) | Current tax Liabilities (net) | 52.40 | 37.76 |
| Total Current Liabilities | | 419.61 | 361.01 |
| Total Liabilities | | 904.08 | 791.29 |
| TOTAL EQUITY AND LIABILITIES | | 6,989.96 | 6,286.54 |

2

DHS LLP

Consolidated Segment wise Revenue, Results, Assets and Liabilities
(Rs. In Crore)

Particulars	Quarter ended			Year ended
	31-Mar-26	31-Dec-25	31-Mar-25	31-Mar-26	31-Mar-25
	Refer Note 2	Unaudited	Refer Note 2	Audited	Audited
Segment Revenue
A. Electrical cables	1,696.36	1,400.44	1,391.01	5,490.23	4,499.01
B. Communication cables	162.35	122.76	122.89	500.33	507.67
C. Copper rods	575.90	678.20	481.51	2,142.58	1,684.14
D. Others	72.47	61.40	65.12	261.52	256.10
Total segment revenue	2,507.08	2,262.80	2,060.53	8,394.66	6,946.92
Less : Inter segment revenue	(556.00)	(664.18)	(465.95)	(2,073.65)	(1,628.03)
Net segment revenue	1,951.08	1,598.62	1,594.58	6,321.01	5,318.89
Segment Results
A. Electrical cables	178.70	137.34	152.57	562.85	475.80
B. Communication cables	9.77	1.64	1.62	13.92	8.20
C. Copper rods	0.61	0.81	1.45	3.16	4.44
D. Others	1.44	1.08	1.88	4.69	4.95
Total segment results	190.52	140.87	157.52	584.62	493.39
(Less) : Finance costs	(0.44)	(0.45)	(0.50)	(1.75)	(1.67)
Add /(Less) : unallocable income net of unallocable expenditure	5.94	43.08	55.66	141.11	198.70
Profit before share of net profit of associate and joint venture and tax	196.02	183.50	212.68	723.98	690.42
Segment Assets
A. Electrical cables	1,723.88	1,504.92	1,249.51	1,723.88	1,249.51
B. Communication cables	588.90	557.31	499.26	588.90	499.26
C. Copper rods	49.90	21.39	21.41	49.90	21.41
D. Others	83.57	89.17	89.79	83.57	89.79
Unallocable Assets	4,543.73	4,619.15	4,426.57	4,543.73	4,426.57
Total Assets	6,989.98	6,791.94	6,286.54	6,989.98	6,286.54
Segment Liabilities
A. Electrical cables	315.80	377.80	279.91	315.80	279.91
B. Communication cables	42.50	29.78	30.39	42.50	30.39
C. Copper rods	3.11	3.59	2.84	3.11	2.84
D. Others	12.65	17.00	14.56	12.65	14.56
Unallocable Liabilities	530.02	493.95	463.59	530.02	463.59
Total Liabilities	904.08	922.12	791.29	904.08	791.29

Others segment mainly comprises of Trading of Electrical and Other goods.

2
DHS LLP
2

Notes:

1. The above results were reviewed by the Audit Committee and were thereafter approved by the Board of Directors at their respective meetings held on 28th May 2026.

2. Figures for the quarter ended 31st March, 2026 and 31st March, 2025 are the balancing figures between the audited figures in respect of the full financial year and year to date figures up to the third quarter of the respective financial year.

3. The full format of the consolidated audited financial results and statement of assets and liabilities are available on the company website (http://www.finolex.com) and on the websites of the National Stock Exchange of India Limited (www.nseindia.com) and Bombay Stock Exchange Limited (www.bseindia.com).

4. The Government of India has merged 29 existing labour laws into a unified framework comprising four Labour Codes: the Code on Wages, 2019; the Industrial Relations Code, 2020; the Code on Social Security, 2020; and the Occupational Safety, Health and Working Conditions Code, 2020, effective from November 21, 2025. Based on the information and consistent with the guidance provided by the Institute of Chartered Accountants of India, the Company has evaluated and recorded the resulting incremental financial impact of Rs. 6.01 crores in past service cost (employee benefits cost) in these financial results for the year ended March 31, 2026. Once Central / State Rules are notified by the Government on all aspects of the Codes, the Group will evaluate impact, if any, on the measurement of employee benefits and would provide appropriate accounting treatment.

5. The Board of Directors at its meeting held on 28th May, 2026 proposed a dividend of Rs.9.00 (previous year Rs. 8.00) per equity share.

Ratnakar Barve
Whole Time Director - Chairman
DIN: 09341821

Place: Pune
Date: 28th May, 2026

DHS LLP

Registered Office: 26/27, Mumbai-Pune Road, Pimpri, Pune 411018 (India)

Tel. 27475963 Fax: (91) (020) 27472239 website: http://www.finolex.com

Statement of Consolidated Cash Flow for the year ended 31st March, 2026

| Particulars | Year Ended
31st March, 2026 | | Year Ended
31st March, 2025 | |
| --- | --- | --- | --- | --- |
| A. Cash flow from Operating Activities | | | | |
| Profit before tax for the year | | 928.52 | | 922.45 |
| Adjustments for : | | | | |
| Finance costs | 1.75 | | 1.67 | |
| Interest income on financial assets carried at amortised cost | (20.11) | | (30.01) | |
| Dividend income | (0.59) | | (1.13) | |
| Share of net profit of an associate and joint ventures | (204.54) | | (232.03) | |
| Net gain on investments classified at FVTPL | (138.70) | | (161.25) | |
| Net impairment loss/(reversal) on account receivable | (0.22) | | (5.00) | |
| Bad Debts | 0.31 | | | |
| Depreciation and amortisation expenses | 59.40 | | 46.61 | |
| Impairment of financial assets | 10.60 | | (15.11) | |
| Net gain on disposal of property, plant and equipment | 0.22 | | 1.49 | |
| Unrealised foreign exchange (gain)/loss | 3.64 | | 0.25 | |
| Gain on termination of lease | (0.07) | | (0.03) | |
| | | (288.31) | | (394.54) |
| Operating profit before working capital changes | | 640.21 | | 527.91 |
| Working Capital Adjustments | | | | |
| Adjustments for (increase) / decrease in operating assets: | | | | |
| Trade receivables | (127.61) | | (60.09) | |
| Inventories | (306.14) | | (140.70) | |
| Other non financial assets (current and non-current) | (22.36) | | (0.52) | |
| Other bank balances | 0.35 | | (0.43) | |
| Other financial assets (current and non-current) | (0.44) | | 1.65 | |
| Other non-current assets | - | | 0.35 | |
| | | (456.20) | | (199.74) |
| Adjustments for increase / (decrease) in operating liabilities: | | 184.01 | | 328.17 |
| Trade payables | (23.46) | | 7.26 | |
| Long term / short term provisions | 4.60 | | 1.65 | |
| Other current liabilities | 30.49 | | 10.96 | |
| Other current financial liabilities | 0.05 | | 0.15 | |
| | | 11.68 | | 20.02 |
| Cash generated from operations | | 195.69 | | 348.19 |
| Income tax paid | | (146.61) | | (140.94) |
| Net cash generated from Operating Activities | | 49.08 | | 207.25 |
| B. Cash flow from Investing Activities | | | | |
| Dividend received | 72.94 | | 51.37 | |
| Deposits and bank balances not considered as cash and cash equivalents (net) | 160.11 | | 139.99 | |
| Interest received - Others | 24.50 | | 38.06 | |
| Purchase of investments in mutual funds | (4,623.08) | | (3,692.01) | |
| Proceeds from sale of investments in mutual funds | 4,760.26 | | 3,615.57 | |
| Investment in joint venture | (88.20) | | - | |
| Purchase of property, plant and equipment (including Capital work in progress, Intangible assets, Intangible assets under development) | (154.28) | | (236.43) | |
| Proceeds from disposal of property, plant and equipment | 0.58 | | 1.36 | |
| Net cash generated from /(used in) Investing Activities | | 152.83 | | (82.09) |
| C. Cash flow from Financing Activities | | | | |
| Other borrowings repaid | (0.08) | | (0.08) | |
| Dividend paid | (122.09) | | (121.99) | |
| Repayment of lease liability: | | | | |
| Principal | (5.06) | | (4.44) | |
| Interest | (1.68) | | (1.60) | |
| Net cash (used in) Financing Activities | | (128.91) | | (128.11) |
| Net increase / (decrease) in Cash and Cash Equivalents | | 73.00 | | (2.95) |
| Cash and cash equivalents as at 1st April (Opening balance) | | 90.13 | | 93.08 |
| Cash and cash equivalents as at 31st March (Closing balance) | | 163.13 | | 90.13 |

Note:
1 Cash and Cash Equivalents include:

(a) Cash on hand
(b) Balances with banks
In current accounts
Cash and Cash Equivalents

| | As at
31st March, 2026 | As at
31st March, 2025 |
| --- | --- | --- |
| (a) Cash on hand | 0.00 | 0.00 |
| (b) Balances with banks | | |
| In current accounts | 163.13 | 90.13 |
| Cash and Cash Equivalents | 163.13 | 90.13 |

2
BAS LLP
1

Deloitte Haskins & Sells LLP

Chartered Accountants
Westend Icon
11th & 12th floors
Building A, S No 169/1
Near Parihar Chowk
DP Road, Aundh
Pune - 411007
Maharashtra, India
Tel: +91 206 747 7800

INDEPENDENT AUDITOR'S REPORT ON AUDIT OF ANNUAL STANDALONE FINANCIAL RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF FINOLEX CABLES LIMITED

Opinion and Conclusion

We have (a) audited the Standalone Financial Results for the year ended March 31, 2026 and (b) reviewed the Standalone Financial Results for the quarter ended March 31, 2026 (refer ‘Other Matters’ section below), which were subject to limited review by us, both included in the accompanying “Statement of Standalone Financial Results for the Quarter and Year Ended March 31, 2026” of Finolex Cables Limited (the “Company”), (the “Statement”), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “LODR Regulations”).

(a) Opinion on Annual Standalone Financial Results

In our opinion and to the best of our information and according to the explanations given to us, the Standalone Financial Results for the year ended March 31, 2026:

i. are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended; and
ii. gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India of the net profit and other comprehensive income and other financial information of the Company for the year then ended.

(b) Conclusion on Unaudited Standalone Financial Results for the quarter ended March 31, 2026

With respect to the Standalone Financial Results for the quarter ended March 31, 2026, based on our review conducted as stated in paragraph (b) of Auditor’s Responsibilities section below, nothing has come to our attention that causes us to believe that the Standalone Financial Results for the quarter ended March 31, 2026, prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Basis for Opinion on the Audited Standalone Financial Results for the year ended March 31, 2026

We conducted our audit in accordance with the Standards on Auditing (“SA”s) specified under Section 143(10) of the Companies Act, 2013 (the “Act”). Our responsibilities under those Standards are further described in paragraph (a) of Auditor’s Responsibilities section below. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (the “ICAI”) together with the ethical requirements that are relevant to our audit of the Standalone Financial Results for the year ended March 31, 2026 under the provisions of the Act and the Rules thereunder, and we have fulfilled our other

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Regd. Office: One International Center, Tower 3, 31st floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India.
Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737

Deloitte Haskins & Sells LLP

ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.

Management’s and Board of Directors’ Responsibilities for the Statement

This Statement which includes the Standalone Financial Results is the responsibility of the Company’s Board of Directors and has been approved by them for the issuance. The Standalone Financial Results for the year ended March 31, 2026 has been compiled from the related audited standalone financial statements. This responsibility includes the preparation and presentation of the Standalone Financial Results for the quarter and year ended March 31, 2026 that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Results that give a true and fair view and is free from material misstatement, whether due to fraud or error.

In preparing the Standalone Financial Results, the Board of Directors is responsible for assessing the Company’s ability, to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors is also responsible for overseeing the financial reporting process of the Company.

Auditor’s Responsibilities

(a) Audit of the Standalone Financial Results for the year ended March 31, 2026

Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results for the year ended March 31, 2026 as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Standalone Financial Results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Annual Standalone Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

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Deloitte Haskins & Sells LLP

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.

• Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the LODR Regulations.

• Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the Annual Standalone Financial Results, including the disclosures, and whether the Annual Standalone Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.

Materiality is the magnitude of misstatements in the Annual Standalone Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Annual Standalone Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Annual Standalone Financial Results.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

(b) Review of the Standalone Financial Results for the quarter ended March 31, 2026

We conducted our review of the Standalone Financial Results for the quarter ended March 31, 2026 in accordance with the Standard on Review Engagements ("SRE") 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the ICAI. A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with SAs specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

38

Other Matters

• The Statement includes the results for the Quarter ended March 31, 2026 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us. Our report on the Statement is not modified in respect of this matter.

For DELOITTE HASKINS & SELLS LLP
Chartered Accountants
(Firm’s Registration No. 117366W/W-100018)

Kedar Raje
(Partner)
(Membership No. 102637)
UDIN: 26102637PHMNYM4204

Place: Pune
Date: May 28, 2026

JB
SN

Deloitte Haskins & Sells LLP

Chartered Accountants
Westend Icon
11th & 12th floors
Building A, S No 169/1
Near Parihar Chowk
DP Road, Aundh
Pune - 411007
Maharashtra, India
Tel: +91 206 747 7800

INDEPENDENT AUDITOR'S REPORT ON AUDIT OF ANNUAL CONSOLIDATED FINANCIAL RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF FINOLEX CABLES LIMITED

Opinion and Conclusion

We have (a) audited the Consolidated Financial Results for the year ended March 31, 2026 and (b) reviewed the Consolidated Financial Results for the quarter ended March 31, 2026 (refer ‘Other Matters’ section below), which were subject to limited review by us, both included in the accompanying “Statement of Consolidated Financial Results for the Quarter and Year Ended March 31, 2026” of Finolex Cables Limited (the “Company”), and its share of the net profit after tax and other comprehensive income of its joint venture and associate for the quarter and year ended March 31, 2026 (the “Statement”), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “LODR Regulations”).

(a) Opinion on Annual Consolidated Financial Results

In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the audit report of the other auditor on separate financial statements of associate referred to in Other Matters section below, the Consolidated Financial Results for the year ended March 31, 2026:

(i) includes the financial results of the following entities:

Associate:
1. Finolex Industries Limited

Joint Venture:
1. Finolex J-Power Systems Limited

(ii) are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended; and

(iii) gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India of the consolidated net profit and consolidated other comprehensive income and other financial information of the Company, its associate and joint venture for the year ended March 31, 2026.

Regd. Office: One International Center, Tower 3, 31st floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India.
Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737

(b) Conclusion on Unaudited Consolidated Financial Results for the quarter ended March 31, 2026

With respect to the Consolidated Financial Results for the quarter ended March 31, 2026, based on our review conducted and procedures performed as stated in paragraph (b) of Auditor’s Responsibilities section below and based on the consideration of the review reports of the other auditors referred to in Other Matters section below, nothing has come to our attention that causes us to believe that the Consolidated Financial Results for the quarter ended March 31, 2026, prepared in accordance with the recognition and measurement principles laid down in the

Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Basis for Opinion on the Audited Consolidated Financial Results for the year ended March 31, 2026

We conducted our audit in accordance with the Standards on Auditing (“SA”s) specified under Section 143(10) of the Companies Act, 2013 (the “Act”). Our responsibilities under those Standards are further described in paragraph (a) of Auditor’s Responsibilities section below. We are independent of the Company, its associate and joint venture in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (the “ICAI”) together with the ethical requirements that are relevant to our audit of the Consolidated Financial Results for the year ended March 31, 2026 under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us and the audit evidence obtained by the other auditors in terms of their reports referred to in Other Matters section below, is sufficient and appropriate to provide a basis for our audit opinion.

Management’s and Board of Directors’ Responsibilities for the Statement

This Statement, which includes the Consolidated Financial Results is the responsibility of the Company’s Board of Directors and has been approved by them for the issuance. The Consolidated Financial Results for the year ended March 31, 2026, has been compiled from the related audited consolidated financial statements. This responsibility includes the preparation and presentation of the Consolidated Financial Results for the quarter and year ended March 31, 2026 that give a true and fair view of the consolidated net profit and consolidated other comprehensive income and other financial information of the Company including its associate and joint venture in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards, prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations.

The respective Board of Directors of the Company and of its associate and joint venture are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and its associate and joint venture and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the respective financial results that give

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500

a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of this Consolidated Financial Results by the Directors of the Company, as aforesaid.

In preparing the Consolidated Financial Results, the respective Board of Directors of the Companies and of its associate and joint venture are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate their respective entities or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the Companies and of its associate and joint venture are responsible for overseeing the financial reporting process of the Company and of its associate and joint venture.

Auditor’s Responsibilities

(a) Audit of the Consolidated Financial Results for the year ended March 31, 2026

Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results for the year ended March 31, 2026 as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Consolidated Financial Results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Annual Consolidated Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.
• Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the LODR Regulations.
• Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists

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related to events or conditions that may cast significant doubt on the ability of the Company and its associate and joint venture to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Consolidated Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company and its associate and joint venture to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the Annual Consolidated Financial Results, including the disclosures, and whether the Annual Consolidated Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.
• Perform procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the LODR Regulations to the extent applicable.
• Obtain sufficient appropriate audit evidence regarding the Annual Standalone Financial Results/Financial Information of the Company and its associate and joint venture to express an opinion on the Annual Consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Annual Consolidated Financial Results of which we are the independent auditors. For the other entities included in the Annual Consolidated Financial Results, which have been audited by the other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

Materiality is the magnitude of misstatements in the Annual Consolidated Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Annual Consolidated Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Annual Consolidated Financial Results.

We communicate with those charged with governance of the Company and such other entities included in the Consolidated Financial Results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

(b) Review of the Consolidated Financial Results for the quarter ended March 31, 2026

We conducted our review of the Consolidated Financial Results for the quarter ended March 31, 2026 in accordance with the Standard on Review Engagements (SRE) 2410 ‘Review of Interim Financial Information Performed by the Independent Auditor of the Entity’, issued by the ICAI. A review of interim financial information consists of making inquiries, primarily of the Company’s personnel responsible for

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financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with SAs specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

The Statement includes the results of the entities as listed under paragraph (a)(i) of Opinion and Conclusion section above.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

Other Matters

• The Statement includes the results for the quarter ended March 31, 2026 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us. Our report is not modified in respect of this matter.

• The consolidated financial results also includes the Company’s share of total net profit after tax of Rs. 84.62 Crores and Rs. 194.03 Crores for the quarter and year ended March 31, 2026 respectively and other comprehensive income/(loss) of Rs. (0.09) Crores and Rs. 0.19 Crores for the quarter and year ended March 31, 2026 respectively, as considered in the Statement, in respect of one associate whose financial statements have not been audited by us. These financial statements have been audited by other auditor whose report has been furnished to us by the Management and our opinion and conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this associate, is based solely on the report of the other auditor and the procedures performed by us as stated under Auditor’s Responsibilities section above.

Our report on the Statement is not modified in respect of the above matter with respect to our reliance on the work done and the report of the other auditor.

For DELOITTE HASKINS & SELLS LLP
Chartered Accountants
(Firm’s Registration No. 117366W/W-100018)

Kedar Raje
(Partner)
(Membership No. 102637)
UDIN:26102637YUGMVZ3397

Place: Pune
Date: May 28, 2026

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SN

SELECTED Superbrand INDIA 2009-10 CONSUMER VALIDATED
Finolex Cables Limited AN IS/ISO 9001 CERTIFIED COMPANY

FCL:SEC:SE:26:31

28th May 2026

| Corporate Relations Department
BSE Limited
1st Floor, New Trading Ring
Rotunda Building, P J Towers
Dalal Street, Fort
Mumbai – 400 001 | The Manager
Listing Department
National Stock Exchange of India Ltd
'Exchange Plaza', C-1, Block G,
Bandra – Kurla Complex,
Bandra (E), Mumbai – 400 051 |
| --- | --- |
| Scrip Code: 500144 | Scrip Code: FINCABLES |

Subject: Declaration in respect of Unmodified Opinion by the Statutory Auditors.

Ref: Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 (SEBI Listing Regulations, 2015).

Dear Sir/Madam,

Pursuant to the above referred Regulations, we hereby confirm and declare that the Statutory Auditors of the Company, M/s. Deloitte Haskins & Sells LLP, Chartered Accountants (Firm Registration No.117366W/W-100018) have issued an Audit Report with an Unmodified Opinion on the Standalone and Consolidated Audited Financial Results of the Company, for the Financial Year ended on 31st March, 2026.

You are requested to take the same on your record.

Thanking you,

Yours truly,

For FINOLEX CABLES LIMITED

Mahesh Viswanathan
Chief Financial Officer

Regd. Office: 26-27, Mumbai-Pune Road, Pimpri, Pune - 411018, India. Tel: 020-27506200 Visit us at: www.finolex.com | Email: sales@finolex.com | CIN: L31300MH1967PLC016531
XCEEDS EXPECTATIONS

FINOLEX CABLES LIMITED

PRESS RELEASE

FINOLEX CABLES LTD RESULTS

Pune, May 28, 2026.

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 2025-26.

Revenues for the quarter ended March 2026 were Rs.1951.1 Cr as against Rs.1594.6 Cr for the corresponding period in 2024-25, representing a 22% growth.

For the full year 2025-26, sales were Rs. 6321.0 Cr as against Rs. 5318.9 Cr in the previous year – an improvement of 19%. During the year, commodity prices continued to remain volatile, which led to several price revisions to pass on cost increases to the end customers, resulting in a situation where margins remained under pressure through the year. For the full year Electrical Wires growth was flat in volume, while Cables grew by 21%; OFC volumes were higher by 5% - however given the price erosion on fiber during most of the year, revenue at the segment level was slightly below previous year’s levels. Growth in new products was muted owing to unseasonal rains in the summer which affected sale of fans, changes to BIS norms on electricity consumption, continued price erosion on lighting products; revenue was marginally higher at 262 Cr – a growth of 2%.

Profit for the quarter, before taxes, was Rs.218.9 Cr, as compared to Rs.208.1 Cr in the previous year – a 5% improvement.

For the full year, profit before taxes stood at Rs 806.9 Cr as against Rs 713.6 Cr in the previous year – an improvement of 13%.

PAT for Q4 of 2025-26 stood at Rs 161.2 Cr as against Rs 151.9 Cr for the corresponding period of the previous year – an improvement of 6%.

For the full year, profit after taxes were Rs 622.9 Cr as against Rs 544.4 Cr in the previous year – an improvement of 14%.

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At its meeting today, the Board has recommended a dividend of 450% for the year, which means an outgo of Rs 9/- per share for every share of Rs 2/- the overall dividend outgo would be Rs 137.7 Cr.

The Company is pleased to announce that the EHV JV with Sumitomo Electric turned profitable in the year 2025-26 with revenue of Rs 452.8 Cr and profit before taxes of Rs 21.5 Cr. With an improving order book, the JV is expected to improve on performance going forward.

For the year ended 31st March 2026, the consolidated results reflect net sales of Rs 6321.0 Cr as against Rs 5318.9 Cr in the previous year and Profit After Taxes of Rs 713.7 Cr as against Rs 700.8 Cr in the previous year.

Of the previously announced capex plans, the first Phase Preform facility was completed and commissioned during the year while expansion of the fiber draw capacity is ongoing and is expected to be completed by Q2 of the current fiscal. When completed, these additions will add significantly to the Company’s future revenues.

ABOUT FCL

Finolex Cables Limited is India's largest and leading manufacturer of Electrical and Communication cables. Finolex offers a wide range of Electrical and Communication cables. Its wire and cable products are used in applications such as automobile, lighting, cable TV, telephone and computers to industrial applications touching every person in his daily life. Finolex has added Electrical Switches, LED based Lamps, Fans, low voltage MCBs, Water Heaters and PVC Conduit Pipes to its range of products.

FINANCIAL HIGHLIGHTS

In (Rs Cr)

Particulars	Standalone	Standalone	Standalone	Standalone	Consolidated	Consolidated
	Quarter Ended 31.03.2026	Quarter Ended 31.03.2025	Year Ended 31.03.2026	Year Ended 31.03.2025	Year Ended 31.03.2026	Year Ended 31.03.2025
Net Sales / Income from Operations (net of duty)	1951.08	1594.58	6321.01	5318.89	6321.01	5318.89
Profit before Exceptional item, Interest, Depreciation and Tax	235.97	221.05	868.08	761.83	785.13	738.70
Deductions for:
• Exceptional Item			-
• Interest	0.44	0.50	1.75	1.67	1.75	1.67
• Depreciation	16.67	12.42	59.40	46.61	59.40	46.61
Profit before Taxation	218.86	208.13	806.93	713.55	723.98	690.42
Share of Profits in Associates & JVs		-		-	204.54	232.03
Profit After Tax	161.19	151.86	622.87	544.40	713.72	700.77
OCI	(8.36)	(18.77)	(1.02)	(28.82)	(0.73)	(29.03)
Total Comprehensive Income	152.83	133.09	621.85	515.58	712.99	671.74