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Finolex Cables reports 56% rise in Q3 net profit

12 Feb 2015 Evaluate

Finolex Cables has reported results for third quarter ended December 31, 2014.

The company has registered a rise of 56.07% in its net profit after taxes at Rs 38.19 crore for the quarter under review as compared to Rs 24.47 crore for the same quarter in the previous year. The total income of the company increased by 3.57% at Rs 586.82 crore for Q3FY15 as compared to Rs 566.57 crore for the corresponding quarter previous year.

Finolex Cables is part of the diversified Finolex Group. The company manufactures wide range of  cables such as PVC insulated electrical cables, Flameguard - FRLS cables, auto and battery cables, PVC winding wires, jelly-filled telephone cables, LAN cables, switchboard cables. It is India's largest and leading manufacturer of electrical and telecommunication cables.

Peers
Company Name CMP
Polycab India 8442.00
KEI Industries 4670.00
RR Kabel Ltd. 2738.65
Finolex Cables 1434.00
Precision Wire India 479.10
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