Finolex Cables Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 09, 2022 at 03:12 am
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Finolex Cables Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 10,908.3 million compared to INR 9,329.8 million a year ago. Revenue was INR 11,166.1 million compared to INR 9,503.1 million a year ago. Net income was INR 553.7 million compared to INR 1,447.7 million a year ago. Basic earnings per share from continuing operations was INR 3.62 compared to INR 9.47 a year ago. Diluted earnings per share from continuing operations was INR 3.62 compared to INR 9.47 a year ago.
For the six months, sales was INR 21,064.8 million compared to INR 16,083.4 million a year ago. Revenue was INR 21,494.2 million compared to INR 16,412.2 million a year ago. Net income was INR 1,749.7 million compared to INR 2,316.7 million a year ago. Basic earnings per share from continuing operations was INR 11.44 compared to INR 15.15 a year ago. Diluted earnings per share from continuing operations was INR 11.44 compared to INR 15.15 a year ago.
Finolex Cables Limited is an India-based total cable solutions provider. The Company is principally engaged in the manufacturing of electricals cables, communication cables and other electrical appliances. Its segments include Electrical cables, Communication cables, Copper rods and Others. The Others segment is engaged in the trading of electrical and other goods. Its product range includes PVC insulated industrial cables , FR-LSH PVC insulated industrial cables, PVC insulated single core and multicore flexible industrial cables, rodent repellent multicore flexible industrial cables, PVC insulated winding wires and 3 core flat cables, XLPE 3 core flat cables, power and control cables, high voltage power cables (Up to 33 kV), polyethylene insulated jelly filled telephone cables, co-axial and CATV cables, LAN cables, switchboard cables, fiber optic cables and solar cables. The Company also manufactures lighting products, electrical accessories, switchgear, fans and water heaters.