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

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.