Harsha Jayatunga – Executive Director / CEO – Sierra Cables PLC
Reflecting an upward trend of growth and consolidation, Sierra Cables PLC has posted a strong performance during the first six months of the 2025/26 financial year, says Mr Harsha Jayatunga, Executive Director/CEO of Sierra Cables PLC. With revenue increasing from about Rs.4.2 billion to Rs.7.5 billion, and profit after tax reaching around Rs.1.3 billion, the results reflect a 140% year-on-year growth.
Optimising the Value Proposition as a Market Leader
“We have been focusing consistently on enhancing exports, while increasing the capacity for higher-end cables required for infrastructure and construction projects. Combined with a disciplined cost and working-capital management, the company has enhanced production efficiencies, optimized capacity utilisation, and has been able to reduce wastage across the value chain.” he points out.
He adds that early signs of recovery in Sri Lanka’s construction and infrastructure sectors, together with global demand growth for wires and cables, has contributed positively towards the successful outcome.
Sierra Cables continues to maintain an A+(lka) Fitch national rating, which Mr Jayatunga adds has strengthened stakeholder confidence. “With such a positive rating, we have been able to access funding on favourable terms, enabling continued investment in technology, quality, and capacity. It also means that we are able to maintain a competitive advantage when submitting for tenders as well as entering export markets.”
Sierra Cables PLC Commitment to World-Class Quality
On quality assurance and compliance, the company manufactures as per ISO-certified processes and complies with SLS, BS, IEC, UL, SANS, NFC, JIS, AUS/NZS and other market-specific standards.Its products are further validated by test reports from TÜV Singapore and the LCIE Testing Laboratory in France. Sierra Cables is the only local manufacturer certified with UL 44 standard for building wire supplied to the US market. The certification covers thermoset-insulated wire and cables used under the National Electrical Code, with stringent requirements on insulation, heat, flame performance, and reliability. This strengthens our product offering in global markets, reiterates Mr Jayatunga.
“We are active across multiple global markets and continue to strengthen our international presence. Our strategy is centered on broad-based expansion, product adaptability, and meeting diverse market requirements while remaining competitive in a dynamic global industry.” he adds.
Growth potential in the region –
Mr Jayatunga says that future expansion potential exists in South Asia and as emerging markets undergoing grid expansion, renewable investment, and infrastructure growth, this will be a success story closer to home.
While enhancing its capabilities in fire-rated cable systems, Sierra Cables PLC possesses a vibrant portfolio that includes FR, FRLS, LSHF and Fire-Resistant ranges, designed for buildings, critical installations, and environments requiring circuit integrity under elevated conditions. Sierra Cables operates an in-house laboratory with electrical, mechanical, fire-performance and validation testing, and also works with international testing bodies.
Sustainability as a key pillar –
“We are passionate about sustainability – we have installed a 1MW rooftop solar system, and we use rainwater harvesting for industrial operations. Both our copper and aluminium products have received 4 star certification from the Green Building Council of Sri Lanka, further cementing our commitment towards sustainability. These initiatives have earned recognition at the Presidential Environment Awards 2025.”
The Group’s regional presence includes Cables PTE Ltd in Fiji supplying the Pacific region, Browns Manufacturing Ltd in Zambia preparing operations in uPVC and HDPE pipes, and T&G Lanka (Pvt) Ltd working in partnership with Norwegian expertise to supply advanced electrical and fibre-optic cable solutions. Mr Jayatunga adds that these verticals support engineering capability and export orientation across the Group.
Looking to 2026 for greater growth –
Under Mr Jayatunga’s guidance, Sierra Cables PLC plans to reinforce strategic direction focusing on innovation, global growth, sustainability, and digitalisation. Key priorities include related and non-related product categories linked to energy infrastructure, deepening export markets, and incorporating more technology-enabled production and support functions.
In conclusion, Mr Jayatunga states that customers in Local and International are the reason behind the success story of Sierra Cables; “Their continued support together with the contribution of our dedicated staff has made exceptional operational performance possible. We believe that as a Sri Lankan company, we can expand Sri Lankan manufacturing potential in global supply chains. We also believe we can further fine tune long-term competitiveness in international markets.”
Check the previous update: Bank of Ceylon’s Rs. 20 Billion Sustainability Bonds: What It Means for Sri Lanka’s Capital Market
