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FINOLEX CABLES LTD. - 500144 - Record Date For Payment Of Dividend For The Year 2020-21.

 As informed earlier, the Board of Directors in theirmeeting held on 29th June, 2021 had recommended payment of dividend of 275 % (Rs.5.50 per equity share) for the financial year ended 31% March 2021 (2020-21), subject to approval of the Members at the said AGM. The said dividend, if declared at the AGM, will be paid on or before 28th October, 2021 to those Members whose names appear in the Register of Members as on the date of the AGM in respect of shares held in physical form and in respect of shares held in electronic form on the basis of beneficial ownership as per details to be received from respective Depositories i.e. National Securities Depository Limited ("NSDL") and Central Depository Services (India) Limited ("CDSL") as of close of their respective business hours on the date immediately preceding the aforesaid Book Closure period (i.e. as of end of day on Friday, 17 September, 2021)
06-09-2021
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FINOLEX CABLES LTD. - 500144 - Closure Of Register Of Members

 The Register of Members and Share Transfer Books of the Company will remain closed from Saturday, 18 September, 2021 to Wednesday, 29 September, 2021 (both days inclusive) for purpose of computing the list of Members who are eligible to receive payment of proposed dividend for the year ended 31st March 2021 and for purpose of the said Annual General Meeting of the Company.
06-09-2021
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FINOLEX CABLES LTD. - 500144 - Shareholders Meeting AGM 29Th September, 2021

 The 53rd Annual General Meeting of the Company ("AGM") is scheduled to be held on Wednesday, 29 September, 2021 at 11.30 a.m. through Video Conferencing ("VC")/Other Audio Video Means ("OAVM") from Registered Office of the Company at 26/27, Mumbai-Pune Road, Pimpri, Pune - 411018, to transact the business of the Company as mentioned in the Notice issued in this regard which has been uploaded on your website.
06-09-2021
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FINOLEX CABLES LTD. - 500144 - Reg. 34 (1) Annual Report

 We enclose a soft copy of the Annual Report for the financial year 2020-21 together with Notice and Explanatory Statement thereto in respect of the Fifty-Third Annual General Meeting (AGM) of the Company (included therein at Page No.212), which is scheduled to be held on Wednesday, 29 September 2021 at 11.30 a.m. through Video Conferencing ("VC")/Other Audio-Visual Means ("OAVM") from the Registered Office of the Company at 26-27, Mumbai-Pune Road, Pimpri, Pune - 411018, to transact the business as set out in the Notice.
06-09-2021

Finolex Cables – Consumer electric products can power growth

 Wire and cable companies are performing well over the past few months, with the top five stocks from the industry surging more than 30 percent. It’s expected to get better from here, with operations expected to improve as supply chains stabilise with the easing of lockdowns from Q2FY22. With demand coming back from sectors like housing, power, and infrastructure, this is one sector that could outperform in FY22. Finolex Cables is one of the oldest companies in the wires and cables business, in operations for more than fifty years. Apart from electrical and communication cables, it forayed into light fittings a few years ago. In the last two years, the company has introduced many FMEG (fast-moving electrical goods) products. Most of the leading cable companies like Havells, Polycab & V-Guard have over time diversified into FMEG products like fans, geysers, and light fittings, and Finolex Cables is the latest to join the bandwagon. The competition here is not restricted to cables and wires alone, but also in building brands around FMEG products. Will this strategy of increasing penetration of FMEG products help Finolex Cables outperform its peers in the future? Quick Takes The company posted its highest-ever annual net profit in FY21 at Rs 461.5 crore. Revenue from the FMEG vertical increased 73% YoY in FY21 to Rs 113.6 crore The June 2021 quarter was impacted due to the second wave of Covid-19 with partial and complete lockdowns in different states Expansion of products in the FMEG category is expected to increase Finolex Cables’ market share in FY22 Highest ever annual profits in a challenging year Though the company saw has seen declining revenues over the past two years, it registered the highest ever net profits in FY21 at Rs 461.5 crore. The electrical cables business is primarily driven by a pickup in real estate activities, which in the last two-quarters of FY21 helped this segment grow, despite being affected by the pandemic. Communication cables sales were impacted, which saw a decline in YoY revenue contribution. This was because of a fall in fibre prices internationally leading to lower selling prices, impacting margins, and deferred spending on communication cable projects by customers. In a pandemic affected FY21, Finolex Cables continuously improved sales in every quarter from Q2FY21 to Q4FY21. The second wave of Covid-19 impacted the performance in Q1FY22, and with most states in partial or complete lockdown during the months of April and May, sales across verticals were affected. Despite being able to operate only for a limited number of days or limited hours per day in Q1FY22, electrical wires volumes for Finolex increased by 7%, while the volumes of power cables rose by 23%. In the communication cables segment, volumes of metal-based products rose improved by 71% and Optic Fiber Cable volumes grew by over 290% during the quarter. All new products within the FMEG sector grew by more than 21% each. Electrical cables constitute a lion’s share of revenue with more than 80% contribution. Within this segment, the building wires used in homes, offices, etc. generate more than half of the revenues. Agriculture and automobile wires segment has a share of 20% and power cables with 20% share complete the pie of electrical cables. With the focus on expanding the range and distribution of FMEG products, the management expects these products to contribute to 15% of sales by the end of FY22. Stepping up efforts in this direction, the company is expanding the distribution reach of the FMEG products by enlisting existing distributors. Expansion plans and new product launches on track for FY22 According to the management, despite the lockdown, the company has not scaled down or slowed the Rs 200-crore capex (capital expenditure) plan which is underway in the Urse plant near Pune where they will make radiation technology-based solar cables, auto wires for the engines instrumentation cables using thin copper wires and telecom fibres for residential use. In Q4FY21, it launched inverter LED bulbs & LED concealed downlights to add to its range. The inverter LED bulbs are designed to switch on automatically in the absence of power. These bulbs operate with 100 lumens per watt output during power supply & work at a reduced lumen level of 40-50% at times of power outages. The company expects this product to do well as it resolves a problem faced by customers during unexpected power cuts and sees potential demand in rural areas as well as urban centres with higher power outages. Peers ahead of Finolex cables on many metrics The results for the Q1FY22 look encouraging for most of the companies in this sector and this may be one of the outperforming sectors in FY22. Finolex Cables' 79.1% YoY growth in revenues in Q1FY22, came behind Polycab’s highest jump in revenue growth. The latter ended the quarter with a loss. V-Guard, despite having the lowest YoY revenue growth, grew its net profits by 6X. Except for KEI Industries, which is purely a cable manufacturing company, all the others have diversified into FMEG products from voltage stabilisers, lights, fans, electrical switches, etc. While Havells, Polycab, and V-Guard have been present in the FMEG segment and already have a piece of the market share, Finolex Cables' strategy to gain market share in the FMEG segment will play a critical role in its growth in the coming months. Finolex’s stock underperformed its peers over the past year. The government’s focus on affordable housing can lead to a resurgence in housing demand. With demand for housing expected to rise, there is scope for growth for the cable industry. The ramp-up of the number of distributors for the FMEG segment should help the company show results by the end of FY22. With these triggers, will Finolex Cables be able to deliver better returns to investors going forward? One metric where Finolex Cables scores above its peers is the PE TTM (Price to Earnings, Trailing Twelve Months) ratio. Looking at the overall picture, the wire and cable industry is slated for growth. Finolex Cables has the potential to be among the better-performing companies in the sector, both in terms of growth as well as investor returns in FY22. Investors need to keep a track of how Finolex Cables charges up the next few quarters.
27-08-2021
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Finolex Cables Ltd - 500144 - Announcement under Regulation 30 (LODR)-Newspaper Publication

 Pursuant to Regulation 47(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached copy of newspapers cutting of standalone and consolidated Unaudited Financial Results of the Company for the quarter ended 30" June, 2021 published on 13August, 2021 in all editions of "Financial Express" (English newspaper) and "Loksatta" Pune edition (Marathi newspaper). Kindly arrange to take the aforesaid on your records.
14-08-2021
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Q1FY22 Result Announced for Finolex Cables Ltd.

 Finolex Cables Ltd., (FCL) at the meeting of its Board of directors held today approved results for the first quarter of the financial year 2021-22. Economic recovery following the outbreak of Corona Virus seemed well on its way, when the second wave struck India early in the quarter. While the lockdowns were not as • severe as in the previous year, market sentiments were impacted and the restrictions on operating timings for businesses also had their impact. Further, different markets were under lockdown at different times during the quarter - Kerala, Karnataka, Delhi, Tamil Nadu, Maharashtra and parts of West Bengal being among the states where the Company was impacted significantly. Revenues for the quarter ended June 2021 were Rs.675.4 Cr as against Rs.377.1 Cr for the corresponding period in year 2020-21, representing a 79% growth in value terms. In volume terms, Electrical Wires increased by 7%, while Power Cables increased by 23%. Within Communication Cables segment, volume of metal-based products improved by 71% during the quarter. Optic Fiber Cable volumes grew by over 290% during the quarter. New products within the FMEG sector all grew by more than 21% each. Profit for the quarter, before taxes, was Rs.75.9 Cr, as compared to Rs.46.8 Cr in the previous year, an improvement of 62%. Profit for the quarter, after taxes, was Rs.55.1 Cr, as compared to Rs.35.0 Cr in the previous year, an improvement of 58%. Result PDF
12-08-2021
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Finolex Cables Ltd - 500144 - Results - Financial Results For The Quarter Ended 30Th June, 2021

 In continuation of our earlier letter dated 3"deg August, 2021, we would inform you that the meeting of the Board of Directors held today i.e. Thursday, 12" August, 2021 was commenced at 11.30 a.m. and concluded at 2.45 p.m. We are pleased to enclose herewith the Statement of Standalone and Consolidated Unaudited Financial Results for the quarter/period ended 30th June, 2021 together with a copy each of the Limited Review Report on the said Results as received from the Statutory Auditors of the Company and of the Press Release in this regard which were approved and taken on record by the Board of Directors at the said meeting. Kindly arrange to take on record the aforesaid and the other matters, inter alia, considered by the Board at the above meeting as set out in the Notes to the said Results and arrange to have the same updated on the Website of the Exchange at the earliest. Please acknowledge receipt and oblige.
12-08-2021
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FINOLEX CABLES LTD. - 500144 - Board Meeting Intimation for A Meeting Of The Board Of Directors Of The Company Is Scheduled To Be Held On Thursday, 12Th August, 2021

 FINOLEX CABLES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2021 ,inter alia, to consider and approve Pursuant to Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 12th August, 2021, inter alia, to consider and take on record the Company''s standalone and consolidated Unaudited Financial Results for the quarter/period ended 30th June, 2021 (Financial Year 2021-22) and to approve the text of the advertisement to be released in this regard.
03-08-2021
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Finolex Cables Ltd - 500144 - Disclosure Of Related Party Transactions Pursuant To The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015

 We refer to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and forward herewith copy of disclosure of related party transactions on a consolidated basis for the half yearly Financial Year ended 31st March 2021 for your kind record.
24-07-2021
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