Finolex Cables moves up on reporting 41.39% jump in Q2 consolidated net profit
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Finolex Cables is currently trading at Rs. 520.00, up by 15.90 points or 3.15% from its previous closing of Rs. 504.10 on the BSE.
The scrip opened at Rs. 518.95 and has touched a high and low of Rs. 522.25 and Rs. 511.00 respectively. So far 10522 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 557.05 on 13-Jul-2021 and a 52 week low of Rs. 270.00 on 14-Nov-2020.
Last one week high and low of the scrip stood at Rs. 522.35 and Rs. 486.05 respectively. The current market cap of the company is Rs. 7935.26 crore.
The promoters holding in the company stood at 35.92%, while Institutions and Non-Institutions held 25.34% and 38.75% respectively.
Finolex Cables has reported over 2- fold jump in its net profit at Rs 149.73 crore for second quarter ended September 30, 2021 as compared to Rs 69.08 crore for the same quarter in the previous year. Total income of the company reported 56.36% jump at Rs 1,030.70 crore for Q2FY22 as compared Rs 659.17 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 41.39% jump in its net profit at Rs 144.77 crore for second quarter ended September 30, 2021 as compared to Rs 102.39 crore for the same quarter in the previous year. Total income of the company reported 44.17% jump at Rs 950.31 crore for Q2FY22 as compared Rs 659.17 crore for the corresponding quarter previous year.
