Finolex Cables lifts revenue 22% as CFO Mahesh Viswanathan takes CEO role
The company reported Q4 revenue of ₹1,951 crore and a 6% profit rise, while naming a new CFO to manage the transition.
— 1 earlier story on Finolex Cables Ltd. →What's new
- Q4 revenue rose 22% to ₹1,951 cr; net profit grew 6% to ₹161 cr.
- Mahesh Viswanathan, current Deputy CEO and CFO, becomes CEO on June 1, 2026.
- Sachin Naik joins as the new CFO to oversee fiscal operations.
Why this matters
The leadership change is a planned internal promotion, signaling continuity rather than a strategic pivot. While electrical wire sales remain strong, the optical fiber segment is struggling with price erosion despite volume growth. The dividend of ₹9 per share provides a steady return for investors as the new management team takes the helm.
What we're watching
- Whether the optical fiber segment can recover pricing power in FY27.
- How the new CFO manages the company's fiscal oversight.
- Volume growth trends in the electrical wire business.
The full read
Finolex Cables ended the fiscal year with ₹1,951 crore in revenue, a 22% jump that masks a divergence in segment performance. While electrical wires grew 21% in value, the optical fiber business is battling price erosion despite a 5% increase in volumes. Net profit rose a more modest 6% to ₹161 crore. Alongside the results, the company confirmed a leadership shuffle. Mahesh Viswanathan, the current Deputy CEO and CFO, will step into the CEO role on June 1, 2026. Sachin Naik will take over as the new CFO to ensure continuity in fiscal oversight. The board also recommended a final dividend of ₹9 per share. The transition appears orderly, but the new management team faces the immediate challenge of stabilizing margins in the optical fiber segment, where volume gains are currently being offset by falling prices.
Questions answered
- Who is the new CEO of Finolex Cables?
- Mahesh Viswanathan, who currently serves as the Deputy CEO and CFO, will take over as CEO on June 1, 2026.
- How did the different business segments perform in Q4?
- Electrical wire sales grew 21% in value. However, the optical fiber segment faced price erosion despite a 5% increase in volumes.
- What is the dividend payout for the fiscal year?
- The board recommended a final dividend of ₹9 per equity share.
- What does the leadership transition mean for the company?
- The appointment of the current CFO to CEO and the hiring of a new CFO suggests a managed succession plan intended to ensure stability.
Story so far
All notes on FINCABLES →- 29 May 2026 · 12:12 AM IST Finolex Cables lifts revenue 22% as CFO Mahesh Viswanathan takes CEO role
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