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Finolex Cables Q1 FY14 net up 35% at Rs 34 crore

Its net sales for the period under review stood at Rs 553.76 crore compared to Rs 518.27 crore in Q1 FY13

Press Trust of India Mumbai
Finolex Cables today posted 35.24% increase in net profit for the quarter ended June 30 at Rs 33.92 crore against Rs 25.08 crore in the year-ago period.
     
Its net sales for the period under review stood at Rs 553.76 crore compared to Rs 518.27 crore in Q1 FY13, registering an increase of 6.84%.
     
In volume terms, the company's electrical cables business grew 7% during the quarter, while the communication cables posted a 25% growth in sales. 

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First Published: Aug 09 2013 | 7:37 PM IST

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