Finolex Cables reports over 2-fold jump in Q2 consolidated net profit
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Finolex Cables has reported results for second quarter ended September 30, 2023 (Q2FY24).
The company has reported 20.97% rise in its net profit at Rs 165.39 crore for the quarter under review as compared to Rs 136.72 crore for the same quarter in the previous year. Total income of the company increased by 6.26% at Rs 1,271.98 crore for Q2FY24 as compared to Rs 1,197.00 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 154.18 crore for Q2FY24 as compared to Rs 55.37 crore for the same quarter in the previous year. Total income of the company increased by 10.09% at Rs 1,229.27 crore for Q2FY24 as compared to Rs 1,116.61 crore for the corresponding quarter previous year.
