Sierra Cables revenue surpasses Rs. 16 bn, Profit up 194%

Sierra Cables PLC, Sri Lanka’s leading cable manufacturer and a member of the LOLC Group, delivered a record financial performance for the financial year ended 31 March 2026, and reported revenue of LKR 16 billion, representing a 73% increase over the previous financial year, while net profit rose to LKR 2.7 billion, reflecting a remarkable 194% year-on-year increase.

Profit from operations also exceeded LKR 3 billion, recording an increase of more than 119% compared to the previous financial year. Earnings per share (EPS) increased to LKR 4.95, compared to LKR 1.68 in the previous year, underscoring the company’s strong operational performance and enhanced shareholder value.

Sierra Cables’ latest results build upon the momentum achieved during the previous financial year 2024/25, when the company recorded revenue of LKR 9.26 billion and profit after tax of LKR 903 million, both of which were record highs at the time.

Sierra Cables' record performance reflects a clear strategic direction, strong leadership, and a successful business transformation.

Since becoming an associate company in 2022, Operating Profit has grown by 186% from Rs. 1.1 billion to Rs. 3.0 billion as at 31st March 2026, while Profit After Tax has grown by 464% from Rs. 472 million to Rs. 2.7 billion over the same period — a testament to the transformative impact of disciplined execution, enhanced governance, and strategic oversight under the Browns Investments group.

A key contributor to the company’s growth trajectory has been the increasing market demand for high-performance cable solutions with enhanced fire safety characteristics.

The company also marked a significant milestone in its export journey through its continued expansion into the United States market. In global manufacturing, trust is earned through standards, and Sierra Cables holds a distinction unmatched within Sri Lanka’s cable manufacturing industry.

These globally respected certifications confirm that Sierra Cables’ products meet the stringent requirements demanded by highly regulated international markets.

The achievement places Sierra Cables in a commanding position among South Asian cable manufacturers, further enhancing the company’s competitiveness in international markets and supporting Sri Lanka’s export earnings.

This Export revenue grew by 345% year-on-year, rising from LKR 1.1 billion to LKR 5.0 billion in FY2025/26, with exports accounting for 31% of total Group revenue.

This growth reflects Sierra Cables’ expanded presence across international markets and the global acceptance of its internationally certified product portfolio. Sierra Cables PLC continues to expand its global reach through operations in Zambia and Fiji, while benefiting from the technical expertise of its associate company, T & G Lanka Pvt Ltd, a specialist in electrical and fibre-optic cable systems, strengthening the Group’s capabilities and market presence.

On the domestic front, Sierra Cables continued to strengthen its market leadership through the expansion of its dealer and distribution network across Sri Lanka.

Executive Director / CEO Harsha Jayatunga (pictured) stated that the company continues to invest in advanced manufacturing capabilities, internationally certified product offerings, and strategic market development initiatives aimed at reinforcing its leadership position in Sri Lanka while accelerating its presence in global markets.