Finolex Cables reports 38% rise in Q1 net profit

Finolex Cables has reported results for first quarter ended June 30, 2016.

The company has registered 37.55% rise in its net profit at Rs 67.18 crore for the quarter as compared to Rs 48.84 crore for the same quarter in the previous year. Total income of the company decreased by 1.39% at Rs 610.44 crore for quarter under review as compared to Rs 619.05 crore for the quarter ended June 30, 2015.

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.