Kelani Cables Sept quarter net profit up 4-pct to Rs634.5mn

EconomyNext reports that Sri Lankan cable maker Kelani Cables PLC posted quarterly net profit of Rs. 634.53 million for the three months through September 30, 2026. That was 3.9% above the Rs. 610.45 million recorded in the matching period last year, while earnings per share moved up to Rs. 2.91 from Rs. 2.80.

EconomyNext reports group revenue rose 19.4% to Rs. 6.43 billion. The outlet links the increase to consistent factory output and continued domestic demand for cabling. Costs of sales climbed 20.3% to Rs. 5.21 billion, outpacing sales growth, but gross profit still advanced 15.4% to Rs. 1.21 billion.

EconomyNext reports distribution expenses increased 13% to Rs. 233.91 million and administrative expenses rose 37% to Rs. 178.70 million. The outlet attributes the latter increase to inflation-related adjustments and higher overhead. Operating profit grew 12.2% to Rs. 805.55 million.

EconomyNext reports finance income rose 21.1% to Rs. 134.57 million, while finance expenses were Rs. 90.09 million, compared with a credit of Rs. 27.09 million in the corresponding period a year earlier. The company’s statements showed a Rs. 63.18 million net foreign-exchange loss, against a Rs. 26.22 million gain in the prior-year quarter; net finance income consequently dropped 67.8% to Rs. 44.48 million.

EconomyNext reports comparative earnings and share numbers were recalculated following a one-for-10 share split carried out in December 2025. It also reports a Rs. 25,000 contribution from equity-accounted investee ACL-Kelani Magnet Wire (Pvt) Ltd; the supplied report ends before giving the comparison with the prior period.