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Finolex Cables shines on reporting 38% rise in Q1 net profit

10 Aug 2016

Finolex Cables is currently trading at Rs. 400.00, up by 8.55 points or 2.18% from its previous closing of Rs. 391.45 on the BSE.

The scrip opened at Rs. 390.00 and has touched a high and low of Rs. 405.25 and Rs. 390.00 respectively. So far 18893 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 406.00 on 02-Aug-2016 and a 52 week low of Rs. 201.00 on 20-Jan-2016.

Last one week high and low of the scrip stood at Rs. 405.25 and Rs. 373.30 respectively. The current market cap of the company is Rs. 6117.57 crore.

The promoters holding in the company stood at 37.33%, while institutions and non-institutions held 25.36% and 37.32% respectively.

Finolex Cables 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.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323