Finolex Cables Q4 profit dips 32 pc to Rs 46.86 crore

Finolex Cables today reported a decline of 32.47 per cent in net profit at Rs 46.86 crore for the fourth quarter of 2014-15 financial year ended March 31.
The company had posted a net profit of Rs 69.31 crore in the January-March period of the previous fiscal, Finolex Cables said in a filing to the BSE.
Company's net sales increased marginally by 1.79 per cent during the quarter under review to Rs 654.02 crore as against Rs 642.49 crore for the same period a year ago, it added.
For the financial year ended March 2015, the company's net profit declined 4.34 per cent to Rs 198.66 crore as against Rs 207.68 crore in the previous fiscal.

Finolex Cables' net sales increased by 3.98 per cent to Rs 2,429.74 crore in 2014-15 as against Rs 2,337.67 crore in 2013-14.
Meanwhile, in a separate filing, Finolex Cables said that its board has considered the recommendation of dividend of Rs 1.80 per equity share of Rs 2 each for the financial year ended March 31, 2015.
Shares of Finolex Cables closed at Rs 243 on BSE, down 6.07 per cent from previous close.