Finolex Cables shares jump 14% in Muhurat Trading 2026 Diwali session day - here's why | Stock up 59% YTD | Key levels
New Delhi, Nov. 8 -- Finolex Cables shares surged over 14% during Muhurat Trading on Sunday, 8 November, after the company reported strong second-quarter results for FY27, with substantial growth in revenue, net profit, and operating earnings.
The company reported a 67.5% year-on-year increase in net profit to Rs.273 crore in Q2 FY27, compared with Rs.163 crore in the corresponding quarter last year.
Revenue climbed 65% to Rs.2,269 crore from Rs.1,376 crore a year earlier. Earnings before interest, tax, depreciation and amortisation (EBITDA) more than doubled, rising 113% to Rs.311 crore from Rs.146 crore in the year-ago quarter.
Finolex Cables attributed the strong revenue growth to higher volumes across its electrical and communicati...
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