Finolex Cables Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 26, 2023 at 03:14 pm IST
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Finolex Cables Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 12,243.2 million compared to INR 11,868.5 million a year ago. Revenue was INR 12,661.4 million compared to INR 12,068 million a year ago. Net income was INR 1,750 million compared to INR 2,244.7 million a year ago. Basic earnings per share from continuing operations was INR 11.44 compared to INR 14.68 a year ago. Diluted earnings per share from continuing operations was INR 11.44 compared to INR 14.68 a year ago.
For the full year, sales was INR 44,811.1 million compared to INR 37,681.4 million a year ago. Revenue was INR 45,988.5 million compared to INR 38,395.6 million a year ago. Net income was INR 5,042.8 million compared to INR 5,991.4 million a year ago. Basic earnings per share from continuing operations was INR 32.97 compared to INR 39.18 a year ago. Diluted earnings per share from continuing operations was INR 32.97 compared to INR 39.18 a year ago.
Finolex Cables Limited is an India-based total cable solutions provider. The Company is principally engaged in the manufacturing of electricals cables, communication cables and other electrical appliances. Its segments include Electrical cables, Communication cables, Copper rods and Others. The Others segment is engaged in the trading of electrical and other goods. Its product range includes PVC insulated industrial cables , FR-LSH PVC insulated industrial cables, PVC insulated single core and multicore flexible industrial cables, rodent repellent multicore flexible industrial cables, PVC insulated winding wires and 3 core flat cables, XLPE 3 core flat cables, power and control cables, high voltage power cables (Up to 33 kV), polyethylene insulated jelly filled telephone cables, co-axial and CATV cables, LAN cables, switchboard cables, fiber optic cables and solar cables. The Company also manufactures lighting products, electrical accessories, switchgear, fans and water heaters.