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Finolex Cables consolidated net profit declines 54.11% in the June 2020 quarter

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Capital Market

Sales decline 53.31% to Rs 377.12 crore

Net profit of Finolex Cables declined 54.11% to Rs 44.49 crore in the quarter ended June 2020 as against Rs 96.95 crore during the previous quarter ended June 2019. Sales declined 53.31% to Rs 377.12 crore in the quarter ended June 2020 as against Rs 807.74 crore during the previous quarter ended June 2019. ParticularsQuarter EndedJun. 2020Jun. 2019% Var.Sales377.12807.74 -53 OPM %9.1613.12 -PBDT70.93147.90 -52 PBT60.91138.00 -56 NP44.4996.95 -54

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First Published: Aug 14 2020 | 3:56 PM IST

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