MENU

Published on 13/11/2019 5:33:06 PM | Source: Dion Global Solutions Ltd

Finolex Cables Q2 net profit up 32.52% at Rs 123.12 cr

The company reported standalone net profit of Rs 123.12 crore for the quarter ended September 30, 2019 as compared to Rs 92.91 crore in the same period last year, registering a year-on-year growth of 32.52 per cent.

Net revenue of the company rose by 0.25 per cent at Rs 715.76 crore in July-September quarter of this fiscal as against Rs 713.97 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 0.51 per cent to Rs 631.36 crore from Rs 628.13 crore in year ago period.

Other Income grew by 10.77 per cent at Rs 64.71 crore versus (Sep'18 Rs 58.42 crore). Operating Profit slipped by 1.68 per cent to Rs 84.40 crore as against Rs 85.84 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.91 per cent in September quarter. Interest declined by 28.13 per cent y-o-y to Rs 0.23 crore, while Taxation decreased by 60.10 per cent at Rs 15.96 crore (Sep'18 Rs 40.00 crore).