InvestorQ : How do the quarterly numbers of Finolex Cables look for Jun-20 quarter?
manisha Kolvenkar made post

How do the quarterly numbers of Finolex Cables look for Jun-20 quarter?

Answer
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Crowny Pinto answered.
1 month ago


Finolex Cables reported Net Sales of Rs.377.12 crore for the Jun-20 quarter, a fall of 53% over the corresponding Jun-19 quarter. Net Profit stood at Rs.34.98 crore in the Jun-20 quarter, showing a fall in profits of around 57% on a year on year basis.

At an operating level, even the EBITDA was down by 55% at Rs.57.02 crore in the Jun-20 quarter. The EPS of the company also consequently halved to Rs.2.29 per share. The stock is down by nearly -26.47% in last 6 months and down -22.63% in last 12 months. Valuations are clearly looking rich.