Written by Finolex Cables Ltd reported a 13.82% year-on-year increase in standalone net sales for the quarter ended March 2025, reaching ₹1,594.58 crore. The company’s net profit rose by 3.86% to ₹151.86 crore, while EBITDA improved by 5.95%, reflecting consistent operational performance. Earnings per share (EPS) also moved up to ₹9.93, signaling steady earnings growth.
Despite the strong quarterly performance, Finolex Cables’ stock has seen pressure, declining 14.05% over the last six months and 31.42% in the past year. Market volatility and sectoral headwinds have likely contributed to the subdued stock movement.
However, Jefferies has maintained a ‘Buy’ rating on the stock with a target price of ₹1,235, citing long-term growth drivers in the housing and construction sectors. Analysts also pointed out that Finolex delivered a slight beat in Q4 earnings and continues to benefit from recent price hikes.
Looking ahead, growth opportunities from the government’s BharatNet initiative and the expansion of 5G infrastructure could further boost demand for Finolex’s cables and communication products.
In summary, while the stock has underperformed recently, analysts remain bullish on Finolex Cables’ strong fundamentals and strategic positioning—making it a potential candidate for long-term investors.