Finolex Cables reports 12% fall in Q1 net profit

08 Aug 2011

Finolex Cables has reported unaudited results for the first quarter ended June 30, 2011.

The company’s net profit after tax for the quarter ended June 30, 2011 declined by 12.05% at Rs 20.21 crore as compared to Rs 22.98 crore for the corresponding quarter last year. Its total income fell 6.56% at Rs 460.70 crore for the quarter under review from Rs 493.06 crore for the same quarter last 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.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323