Finolex Cables Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 09, 2023 at 02:56 pm IST
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Finolex Cables Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 11,503.1 million compared to INR 9,729.5 million a year ago. Revenue was INR 11,832.9 million compared to INR 9,915.4 million a year ago. Net income was INR 1,543.1 million compared to INR 1,430 million a year ago. Basic earnings per share from continuing operations was INR 10.09 compared to INR 9.35 a year ago. Diluted earnings per share from continuing operations was INR 10.09 compared to INR 9.35 a year ago.
For the nine months, sales was INR 32,567.9 million compared to INR 25,812.9 million a year ago. Revenue was INR 33,327.1 million compared to INR 26,327.6 million a year ago. Net income was INR 3,292.8 million compared to INR 3,746.7 million a year ago. Basic earnings per share from continuing operations was INR 21.53 compared to INR 24.5 a year ago. Diluted earnings per share from continuing operations was INR 21.53 compared to INR 24.5 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.