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Finolex Cables gains on reporting 56% rise in Q3 net profit

12 Feb 2015

Finolex Cables is currently trading at Rs 253.50, up by 4.15 points or 1.66% from its previous closing of Rs 249.35 on the BSE.

The scrip opened at Rs 249.40 and has touched a high and low of Rs 256.20 and Rs. 243.70 respectively. So far 154718 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs. 284.00 on 13-Jan-2015 and a 52 week low of Rs. 73.40 on 26-Feb-2014.

Last one week high and low of the scrip stood at Rs. 261.45 and Rs. 243.10 respectively. The current market cap of the company is Rs. 3855.60 crore.

The promoters holding in the company stood at 35.86%, while Institutions and Non-Institutions held 21.73% and 38.47% respectively.

Finolex Cables has registered a rise of 56.07% in its net profit after taxes at Rs 38.19 crore for third quarter ended December 31, 2014 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.

Related Finolex Cables Ltd. Links:

Finolex Cables Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323