Finolex cables posts remarkeble quarter
DSIJ Intelligence / 09 Aug 2017
Finolex Cables Ltd reported its results for the quarter ended June 30, 2017 today. Total sales for this quarter, Q1FY18, came in at Rs. 743.5 crore. This represents a 5.24 per cent sequential decline and 24.64 per cent YoY increase.
Finolex Cables Ltd reported its results for the quarter ended June 30, 2017 today.
Total sales for this quarter, Q1FY18, came in at Rs. 743.5 crore. This represents a 5.24 per cent sequential decline and 24.64 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 110 crore and the EBIT margin stood at 14.79 per cent.
In terms of the bottom-line, the company reported a PAT figure of Rs. 101.9 crore which represents a sequential QoQ increase of 35.15 per cent and a YoY increase of 51.86 per cent.
Finolex Cables Limited is a manufacturer of electrical and communication cables, and copper rods. The Company's business segments include Electrical Cables, Communication Cables, Copper Rods and others. The Electrical Cables segment includes 1,100 Volts Polyvinyl Chloride (PVC) insulated cables; motor winding PVC insulated cables and approximately three core flat cables; automotive/battery cables, and elevator cables.
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