Finolex Cables Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2024
Published on 12/11/2024 at 15:02
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Finolex Cables Limited reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported sales was INR 13,117.2 million compared to INR 11,874.4 million a year ago. Revenue was INR 13,633.1 million compared to INR 12,292.7 million a year ago. Net income was INR 1,178.9 million compared to INR 1,541.8 million a year ago. Basic earnings per share from continuing operations was INR 7.71 compared to INR 10.08 a year ago. Diluted earnings per share from continuing operations was INR 7.71 compared to INR 10.08 a year ago.
For the six months, sales was INR 25,422 million compared to INR 23,916.9 million a year ago. Revenue was INR 26,401.2 million compared to INR 24,723.3 million a year ago. Net income was INR 3,618.1 million compared to INR 3,146.1 million a year ago. Basic earnings per share from continuing operations was INR 23.66 compared to INR 20.57 a year ago. Diluted earnings per share from continuing operations was INR 23.66 compared to INR 20.57 a year ago.
Finolex Cables Limited is an India-based company, which is engaged in manufacturing of electricals cables, communication cables, and other electrical appliances. The Company operates through four segments: Electrical cables, Communication cables, Copper rods, and Others. the Electrical cables segment manufactures light-duty electrical cables and power and control cables. The Communication cables segment includes copper-based cables and optical fiber (glass-based) cables (OFC). The Copper rods segment is engaged in manufacturing continuous cast copper rods (CCC rods), which are used in the production of copper-based electrical, and communication cables. Its product portfolio includes wires and cables, fans, water heaters, switches, switchgear, home appliances-room heaters, home appliances-iron, lights, conduits and fittings, and smart homes. Its wires and cables include house wires, agriculture cables, ofc, telephone cables, LAN cables, speaker cables, and power cables.
