Finolex Cables Limited’s Q3FY19 results were below consensus estimates for key performance parameters. Standalone revenues for the current quarter grew 14.1% yoy to Rs749.6cr, almost meeting the estimates. Operating profit increased by 11.7% yoy to Rs109.6cr vs. Rs98.1cr in Q3FY18, 3.2% below street estimates. EBITDA margin contracted by 31bps yoy to 14.6% for the quarter under consideration. Profit after taxes marginally increased from Rs74.9cr in Q3FY18 to Rs75.9cr in Q3FY19, missed the estimates by 12.6%.
Finolex Cables Ltd is currently trading at Rs. 376, up by 2.6 points or 0.7% from its previous closing of Rs. 373.40 on the BSE.
The scrip opened at Rs. 372.15 and has touched a high and low of Rs. 379 and Rs. 371.65 respectively. So far 41,234 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.
Start investing in Equities, Derivatives, Mutual Funds and Currency
Temporary Password will be sent to your Mobile No. / Email Address to reset your password.
Make smart financial decisions
Trusted by more than 25 Lakhs Indians
Research and Stocks
Strategy and Tools
Terms & Conditions
By clicking on submit button, you authorize IIFL & its representatives & agents to provide information about various products, offers and services provided by IIFL through any mode including telephone calls, SMS, letters etc. . you confirm that laws in relation to unsolicited communication referred in National Do Not Call Registry as laid down by Telecom Regulatory Authority of India will not be applicable for such information/ communication.