Finolex Cables’ shares rise sharply after the company reports strong first-quarter results. Business Line says the stock jumps around 14% to a 52-week high, while Economic Times reports a rise of about 10% on the day.
The company’s Q1FY27 performance includes a large year-on-year increase in profit and revenue. Economic Times states net profit grows 52.6% year-on-year to Rs 208.2 crore, with revenue up 44.3% to Rs 2,013.15 crore, surpassing Rs 2,000 crore. It also reports EBITDA growth of 79% and margin expansion. Business Line similarly cites a steep year-on-year rise in standalone profit after tax to Rs 221.28 crore, up 59.4%.
The outlets also differ slightly in the specific profit measure cited (net profit versus standalone profit after tax) and the reported percentage move in shares. Business Line further adds that Jefferies lifts its target price to Rs 1,410, while Economic Times focuses on the revenue milestone and operational metrics.
