Electrical equipment firm Finolex Cables announced Q4FY23 & FY23 results:
- Revenues for the quarter ended March 2023 were Rs 1,224.3 crore as against Rs 1,186.9 crore for the corresponding period in year 2021-22.
- Sales were Rs 4,481.1 crore as against Rs 3,768.1 crore in the previous year
- Profit for the quarter, before taxes, was Rs 1,73.5 crore, as compared to Rs 1,26.4 crore in the previous year
- Profit before taxes stood at Rs 646.0 crore as against Rs 526.6 crore in the previous year
- PAT for Q4FY23 stood at Rs 134.6 crore as against Rs 104.6 crore for the corresponding period of the previous year – an improvement of 29%.
- Profit after taxes were Rs 501.7 crore as against Rs 404.6 crore in the previous year – an improvement of 24%.
- The Board has recommended a dividend of 350 % for the year, which means an outgo of Rs7/ per for every share of Rs 2/- the overall dividend outgo would be Rs 107.1 crore.