Finolex Cables Ltd Q1FY23 consolidated net profit drops QoQ to Rs. 119.60 crores

Finolex Cables Limited has reported Consolidated financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 1032.81 crores during the period ended June 30, 2022 as compared to Rs. 1206.80 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 119.60 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 224.47 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 7.82 for the period ended June 30, 2022 as compared to Rs. 14.68 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 1032.81 crs	₹1206.80 crs	-14.42%
Net Profit	₹119.60 crs	₹224.47 crs	-46.72%
EPS	₹7.82	₹14.68	-46.73%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 1032.81 crores during the period ended June 30, 2022 as compared to Rs.690.91 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.119.60 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.86.90 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.7.82 for the period ended June 30, 2022 as compared to Rs.5.68 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 1032.81 crs	₹690.91 crs	49.49%
Net Profit	₹119.60 crs	₹86.90 crs	37.63%
EPS	₹7.82	₹5.68	37.68%

Shares of Finolex Cables Limited was last trading in BSE at Rs. 435.75 as compared to the previous close of Rs. 428.85. The total number of shares traded during the day was 32264 in over 1501 trades.

The stock hit an intraday high of Rs. 443.45 and intraday low of 426.35. The net turnover during the day was Rs. 14083724.00.

Source : Equity Bulls

Keywords

FinolexCables Q1FY23 ResultUpdate