Cords Cable Industries Ltd posts net profit of Rs. 2.95 crores

Cords Cable Industries Limited has reported Standalone financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 168.4495 crores during the period ended December 31, 2023 as compared to Rs. 147.9380 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 2.9509 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 2.0393 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 2.27 for the period ended December 31, 2023 as compared to Rs. 1.57 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 168.4495 crs	₹147.9380 crs	13.86%
Net Profit	₹2.9509 crs	₹2.0393 crs	44.70%
EPS	₹2.27	₹1.57	44.59%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 168.4495 crores during the period ended December 31, 2023 as compared to Rs.129.5783 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.2.9509 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.1.6429 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.2.27 for the period ended December 31, 2023 as compared to Rs.1.27 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 168.4495 crs	₹129.5783 crs	30.00%
Net Profit	₹2.9509 crs	₹1.6429 crs	79.62%
EPS	₹2.27	₹1.27	78.74%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.452.2731 crores during the 9 Months period ended December 31, 2023 as compared to Rs.385.2526 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.6.8417 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.5.1001 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.5.25 for the 9 Months period ended December 31, 2023 as compared to Rs.3.94 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹452.2731 crs	₹385.2526 crs	17.40%
Net Profit	₹6.8417 crs	₹5.1001 crs	34.15%
EPS	₹5.25	₹3.94	33.25%

Shares of Cords Cable Industries Limited was last trading in BSE at Rs. 141.65 as compared to the previous close of Rs. 118.05. The total number of shares traded during the day was 152973 in over 1708 trades.

The stock hit an intraday high of Rs. 141.65 and intraday low of 119.50. The net turnover during the day was Rs. 20817086.00.

Source : Equity Bulls

Keywords

CordsCableIndustries Q3FY24 9MFY24 ResultUpdate