FINCABLES Finolex Cables Q2 FY25 results (Jul–Sep 2024) and concall
Finolex Cables faced a challenging Q2 FY25 characterized by significant margin pressure resulting from extreme copper price volatility and high-cost inventory liquidation. While revenue grew 10% YoY, profitability was squeezed as LME copper prices fell from over $10,000 in May to below $9,000 in August, necessitating price cuts. Management believes the worst of the margin correction is over and expects a recovery driven by upcoming BharatNet orders and the commissioning of new capex projects like the e-beam facility.
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What they filed
| Line item | Q2 FY25 |
|---|---|
| Revenue | 1,312 |
| EBITDA | 99 |
| Net profit | 146 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
