Finolex Cables Q1FY15 Result Analysis
Nutan Gupta / 08 Aug 2014
Finolex Cables India's largest and leading manufacturer of electrical and communication cables announced its financial results for the quarter ended June 2014. We give you the highlights of the company's performance.
On standalone basis, the bottomline of the company reported growth of 2.06% to Rs 34.6 crore against Rs 33.9 crore in the corresponding quarter of previous year. The growth in the net profit is backed by growth in the net sales by 3.31% to Rs 567.3 crore against Rs 549.1 crore on yearly basis. In the volume terms, Electric cables grew by 7%, while communication cables reported growth of 1.6% on a yearly basis.
The total expenses of the company increased by 3.1% to Rs 529.8 crore compared to Rs 513.8 crore in the corresponding quarter of previous year. The total expenses increased due to increase in the sales and distribution expenses and impairment expenses by 16% and 21% respectively. The EBITDA during the quarter increased to Rs 42.1 crore against Rs 39.9 crore in the corresponding quarter of previous year. Finolex has added electrical switches and compact flourescent lamps to its range of products.
The company announced the results during the trading hours. Post the results the shares of the company declined by 1.31%.
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