Finolex Cables falls despite reporting 8% rise in Q4 net profit

29 May 2018

Finolex Cables is currently trading at Rs. 677.95, down by 7.90 points or 1.15% from its previous closing of Rs. 685.85 on the BSE.

The scrip opened at Rs. 699.80 and has touched a high and low of Rs. 699.80 and Rs. 664.80 respectively. So far 36761 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 750.00 on 19-Jan-2018 and a 52 week low of Rs. 453.90 on 01-Aug-2017.

Last one week high and low of the scrip stood at Rs. 699.80 and Rs. 660.00 respectively. The current market cap of the company is Rs. 10489.34 crore.

The promoters holding in the company stood at 37.33%, while Institutions and Non-Institutions held 27.76% and 34.92% respectively.

The company has reported a rise of 8.35% in its net profit at Rs 81.76 crore for the quarter ended March 31, 2018 as compared to Rs 75.46 crore for the same quarter in the previous year. Total income of the company increased by 2.60% at Rs 819.57 crore for the quarter under review as compared to Rs 798.82 crore for the quarter ended March 31, 2017.

For the year ended March 31, 2018, the company has posted a rise of 13.40% in its net profit at Rs 358.20 crore as compared to Rs 315.88 crore for the previous year. Total income of company increased by 8.69% at Rs 3011.63 crore for the year under review as compared to Rs 2770.96 crore for the year ended March 31, 2017.


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Finolex Cables Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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