Cords Cable Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 27, 2023 at 01:09 pm IST
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Cords Cable Industries Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 1,453.27 million compared to INR 1,317.39 million a year ago. Revenue was INR 1,479.38 million compared to INR 1,320.9 million a year ago. Net income was INR 20.39 million compared to INR 17.22 million a year ago. Basic earnings per share from continuing operations was INR 1.57 compared to INR 1.33 a year ago. Diluted earnings per share from continuing operations was INR 1.57 compared to INR 1.33 a year ago.
For the six months, sales was INR 2,805.91 million compared to INR 2,549.08 million a year ago. Revenue was INR 2,838.24 million compared to INR 2,556.74 million a year ago. Net income was INR 38.91 million compared to INR 34.57 million a year ago. Basic earnings per share from continuing operations was INR 2.99 compared to INR 2.67 a year ago. Diluted earnings per share from continuing operations was INR 2.99 compared to INR 2.67 a year ago.
Cords Cable Industries Limited (CORDS) is a specialized control and instrumentation cable company. It is engaged in designing, developing, and manufacturing of cable portfolio, including instrumentation, control, power, thermocouple extension/compensating, and communication cables, among others. Its product categories include a range of low voltage power, control, instrumentation, and custom-designed cables. CORDS products include Fieldbus Cables, FireSave-Fire Survival Cables, EPR Cables, XtremeTemp-Low Temprature Cables, LowTox-Fire Retardant Low Smoke Cables, ToxFree-Low Smoke Zero Halogen Cables, Oil and Gas Cables, Water Desalination & Special Custom Designed Hybrid Cables, and Cordsol-PV Solar Cables. It serves various industries, including power, oil and gas, refineries, steel, cement, water desalination, metro rail, and airports. It provides products and services offering a range of solutions for the data transmission and electrical connectivity requirements of the industry.