Fast Cables Limited (FCL) held a Corporate Briefing Session to discuss its financial performance for FY 2026 and Q1 FY 2027, along with future growth opportunities and challenges.
- Net revenue increased by 21.5% to PKR 38.72B in FY 2026, up from PKR 31.86B in FY 2025.
- Gross profit rose by 34.5% to PKR 7.23B, with a gross profit margin of 18.7%.
- Operating profit surged by 45.5% to PKR 5.07B, reflecting an operating margin of 13.1%.
- Profit after tax saw a significant increase of 66.2%, reaching PKR 2.11B.
- The company anticipates doubling exports this year, targeting markets in Africa, USA, Saudi Arabia, and UAE.
- Key challenges include commodity price volatility, geopolitical conflicts, and inflation impacting operational costs.
- Strategic priorities focus on expanding solar capacity, optimizing utilization, and maintaining working capital discipline.