Shilpi Cable Technologies Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2016; Provides CapEx Guidance for the Fiscal Year 2017
For the six months, on the standalone basis, net sales/income from operation (net of excise duty) was INR 10,719.132 million against INR 8,431.003 million a year ago. Profit from operation before other income, interest and exceptional items were INR 1,013.951 million against INR 749.664 million a year ago. Profit from ordinary activities before tax was INR 575.252 million against INR 441.592 million a year ago. Net profit for the period was INR 371.823 million or INR 3.35 per diluted share before and after extraordinary items (not annualized) against INR 291.892 million or INR 2.84 per basic and diluted share before and after extraordinary items (not to be annualized) a year ago. Net profit attributable to consolidated group was INR 371.823 million against INR 291.892 million a year ago.
For the quarter, on the consolidated basis, net sales/income from operation (net of excise duty) was INR 11,973.261 million against INR 8,223.464 million a year ago. Profit from operation before other income, interest and exceptional items were INR 1,020.502 million against INR 582.029 million a year ago. Profit from ordinary activities before tax was INR 722.732 million against INR 346.006 million a year ago. Net profit for the period was INR 615.844 million or INR 4.83 per diluted share before and after extraordinary items (not annualized) against INR 267.469 million or INR 2.61 per basic and diluted share before and after extraordinary items (not annualized) a year ago.
For the six months, on the consolidated basis, net sales/income from operation (net of excise duty) was INR 23,253.375 million against INR 18,332.292 million a year ago. Profit from operation before other income, interest and exceptional items were INR 2,013.320 million against INR 1,416.336 million a year ago. Profit from ordinary activities before tax was INR 1,450.852 million against INR 972.720 million a year ago. Net profit for the period was INR 1,247.422 million or INR 10.46 per diluted share before and after extraordinary items (not annualized) against INR 822.373 million or INR 8.01 per basic and diluted share before and after extraordinary items (not annualized) a year ago.
The company has a CapEx plan of INR 500 million for the fiscal year 2017.