Finolex Cables Q3 FY10 Results : Turnaround

by khalid on 17/01/2010 · 0 comments

Finolex Cables engaged in to manufacture and distribute a wide range of communication and electrical cables. It also produces electrical switches and compact fluorescent lamps. The company has posted a turnaround in net profit for the period Q3 (ending Dec 09) of the current fiscal (FY10). During the said quarter, net profit of the company has come to Rs 12.27 crores in comparison to the Rs 47.45 crores loss of Q3 (ending Dec 08) of previous year(FY09).

The company informed the market that the net sales increased 75.24% to Rs 413.49 crores in Q3 FY10 when compared with the same quarter Q3 FY09 of previous year. Net sales was Rs 235.95 crores in last year’s quarter.

Share’s Data :
BSE Code : 500144
Mkt. Cap: Rs 982 Crores
P/E Ratio: -27.69
EPS (Rs): -2.32
Face Value : Rs 2
Last Dividend : 10% in June 2009
52 Week H/L : Rs 69.40 / 17.00
Finolex Cables Limited. share’s CMP is Rs 64.25 on 15th Jan 2010.

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