Finolex Cables shares jump 14% in Muhurat Trading
In short
Finolex Cables shares rose 14% during Muhurat Trading. The company’s Q2 FY27 net profit climbed 67.5% to ₹273 crore, revenue rose 65% to ₹2,269 crore, and EBITDA more than doubled.
The share jump shows investors reacted strongly to the earnings update. Higher cable volumes and better communication-segment realisations were cited as the drivers.
What the reporting says
Finolex Cables shares rose 14% during Muhurat Trading after Q2 FY27 net profit climbed 67.5% to ₹273 crore, revenue increased 65% to ₹2,269 crore, and EBITDA more than doubled. The move followed the company’s earnings update and reflected strong market reaction in the Diwali special session.
Why it matters
Finolex Cables shares moved sharply higher in Muhurat Trading after the company reported Q2 FY27 results with stronger profit, revenue and EBITDA. The market reaction points to investor approval of the earnings print and the reported operational drivers, including higher cable volumes and improved communication-segment realisations.