Finolex Cables shares jump 10% on strong Q1 performance; revenue crosses Rs 2,000 crore mark
- Source
- The Economic Times - General
- Source link
- https://economictimes.indiatimes.com/markets/stocks/news/finolex-cables-shares-jump-10-on-strong-q1-performance-revenue-crosses-rs-2000-crore-mark/articleshow/133172179.cms
- Published
- 2026-08-12 05:46:36
- Discovered by ProcIntel
- 2026-08-12 07:17:00
- Category
- Procurement & Supply Chain News
- Geography
- India
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
Finolex Cables shares rose sharply on Wednesday after the company reported a 52.6% YoY rise in Q1 FY27 net profit to Rs 208.2 crore. Revenue surged 44.3% to Rs 2,013.15 crore, crossing the Rs 2,000-crore mark, while EBITDA rose 79% and margins expanded amid strong operational performance.
Procurement Relevance Gate
FAIL
— score 7.0/100 — evaluated 2026-08-12 07:17:00
Only geographic exposure matched — no substantive content indicator, so this cannot pass alone.
- geographic_exposure (weight 8) — matched on "1 linked geography"
Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Not Assessed — this Signal did not pass the Procurement Relevance Gate, or is fictional/excluded test data.