📈 Sierra Cables Approves $ 3.23 Mn Investment to Double Export Capacity

Sierra Cables PLC has approved a $ 3.23 million capital investment in machinery and infrastructure to double its export production capacity, driven by strong overseas demand. • Expansion Timeline: Expected to complete by end-2026/27 FY, with commercial operations launching on 1 April 2027. • Q1 2026 Performance: Revenue grew 94% YoY to Rs. 5.6 Bn; net earnings rose 69% YoY to Rs. 706.3 Mn. Net assets stood at Rs. 17.88 per share. • 2025/26 FY Export Boom: Export revenue surged 359% YoY to Rs. 5 Bn, driven by key markets in North America, the Indian Ocean region, and Africa, aiding export diversification and foreign currency inflows. • Overall FY Performance: Group revenue hit Rs. 16 Bn. Domestic sales increased 35% YoY to Rs. 11 Bn through dealer networks and project business. • Market Reaction: Share price closed unchanged at Rs. 32.60.