Finolex Cables Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2022
May 28, 2022 at 05:33 am EDT
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Finolex Cables Limited reported earnings results for the fourth quarter and full year ended March 31, 2022. For the fourth quarter, the company reported sales was INR 11,868.5 million compared to INR 9,213.5 million a year ago. Revenue was INR 12,068 million compared to INR 9,373.8 million a year ago. Net income was INR 2,244.7 million compared to INR 1,675.9 million a year ago. Basic earnings per share from continuing operations was INR 14.68 compared to INR 10.96 a year ago. Diluted earnings per share from continuing operations was INR 14.68 compared to INR 10.96 a year ago.
For the full year, sales was INR 37,681.4 million compared to INR 27,681.1 million a year ago. Revenue was INR 38,395.6 million compared to INR 28,451 million a year ago. Net income was INR 5,991.4 million compared to INR 4,614.6 million a year ago. Basic earnings per share from continuing operations was INR 39.18 compared to INR 30.17 a year ago. Diluted earnings per share from continuing operations was INR 39.18 compared to INR 30.17 a year ago.
Finolex Cables Limited is an India-based total cable solutions provider. The Company is principally engaged in the manufacturing of electricals cables, communication cables and other electrical appliances. Its segments include Electrical cables, Communication cables, Copper rods and Others. The Others segment is engaged in the trading of electrical and other goods. Its product range includes PVC insulated industrial cables , FR-LSH PVC insulated industrial cables, PVC insulated single core and multicore flexible industrial cables, rodent repellent multicore flexible industrial cables, PVC insulated winding wires and 3 core flat cables, XLPE 3 core flat cables, power and control cables, high voltage power cables (Up to 33 kV), polyethylene insulated jelly filled telephone cables, co-axial and CATV cables, LAN cables, switchboard cables, fiber optic cables and solar cables. The Company also manufactures lighting products, electrical accessories, switchgear, fans and water heaters.