Finolex Cables Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2024
Published on 12/02/2025 at 13:53
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Finolex Cables Limited reported earnings results for the third quarter and nine months ended December 31, 2024. For the third quarter, the company reported sales was INR 11,821.1 million compared to INR 12,216.8 million a year ago. Revenue was INR 12,268.5 million compared to INR 12,667.1 million a year ago. Net income was INR 1,472.5 million compared to INR 1,509.8 million a year ago. Basic earnings per share from continuing operations was INR 9.63 compared to INR 9.87 a year ago. Diluted earnings per share from continuing operations was INR 9.63 compared to INR 9.87 a year ago.
For the nine months, sales was INR 37,243.1 million compared to INR 36,133.7 million a year ago. Revenue was INR 38,669.7 million compared to INR 37,390.4 million a year ago. Net income was INR 5,090.6 million compared to INR 4,655.9 million a year ago. Basic earnings per share from continuing operations was INR 33.29 compared to INR 30.44 a year ago. Diluted earnings per share from continuing operations was INR 33.29 compared to INR 30.44 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.
