Tuesday, Mar 25 2025 | Time 18:47 Hrs(IST)
Business EconomyPosted at: Aug 12 2024 9:00PM


Finolex Cables PAT down 7 pc at Rs 122 Cr in Q1FY25

Hyderabad, Aug 12 (UNI) Finolex Cables Ltd., (FCL) , India's largest and leading manufacturer of Electrical and Communication cables, on Monday reported a 7 percent decrease in its net profit at Rs 122.5 crore for the first quarter of the financial year 2024-25 as compared to Rs 132.3 crores in the corresponding period in the previous year.
Revenues from operation during the quarter stood at Rs.1230.5 crore as against Rs.1204.3 crore for the corresponding period in the previous year, representing a 2 per cent growth in value terms, the Pune-based company said in a release.
In volume terms, Electrical Wires were flat, while Power Cables increased by 20 per cent. Within the Communication Cables segment, volume of metal-based products was down by 8 percent during the quarter while, Optic Fiber Cable volumes grew by 10 percent.
Volume growth in all new product categories was significant and reflected in the overall turnover from this segment.
The steep fall in copper prices from the end of May 2024, extreme heat in the summer as well as the General Elections during the quarter impacted business sentiments and consequently sale of Electrical Wires, the release said.
Selling price corrections were taken in June 2024, which impacted margins negatively.
The Company's expansion plans are on track; the E-Beam facility is ready for operation, with only regulatory permissions pending; the Preform Facility is at an advanced stage of completion and is expected to be commissioned towards the latter part of this fiscal, the release added.
UNI KNR CS2100
Please log in to get detailed story.
Tags: #Finolex Cables PAT down 7 pc at Rs 122 Cr in Q1FY25
More News

SMFG India Credit raises USD 175 mln via ECB; to expand lending portfolio

25 Mar 2025 | 12:31 PM

Mumbai, Mar 25 (UNI) Non-banking Finance Company SMFG India Credit (SMICC), on Tuesday said it has successfully raised USD 175 million via External Commercial Borrowing (ECB) for expanding its lending portfolio and supporting customers across various segments.

see more..
Mega steel plant will curb migration in North Karnataka: Baldota

Mega steel plant will curb migration in North Karnataka: Baldota

25 Mar 2025 | 11:58 AM

Bengaluru, Mar 25 (UNI) Weather unpredictability has exacerbated economic challenges in North Karnataka, leading to significant migration for employment. The region has suffered from recurrent droughts, with 16 drought years recorded between 2001 and 2023, resulting in acute water shortages.

see more..
Sensex up over 700 pts

Sensex up over 700 pts

25 Mar 2025 | 10:41 AM

Mumbai, Mar 25 (UNI) Extending gains for the seventh straight session on Tuesday, the BSE Sensex rallied 717 pts at 78,701.15 following gains in IT, Technology and Bankex stocks.

see more..

Rupee falls 2 paise against USD

25 Mar 2025 | 10:26 AM

Mumbai, Mar 25 (UNI) The Rupee on Tuesday declined two paise at 85.66 in opening session on rising demand for US Dollar by bankers and importers, dealers at the Forex Market said.

see more..

KEI Industries Ltd becomes Principal Partner with RCB

24 Mar 2025 | 8:27 PM

Kolkata, Mar 24 (UNI) KEI Industries Ltd has announced its strategic association with Royal Challengers Bengaluru as Principal Partner for the upcoming Men’s T20 league 2025, 18th season.

see more..