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Finolex Cables Ltd Q2FY24; 20% rise in Profits

Finolex Cables Limited is a leading manufacturer of electrical and telecommunication cables in India. Operating for more than 50 years, Finolex has been able to maintain its leadership position as one of the most diversified wires and cables companies in the country.

Financial Results:

Finolex Cables Ltd reported Revenues for Q2FY24 of ₹1,187.00 Crores up from ₹1,091.00 Crore year on year, a rise of 8.8%.

Total Expenses for Q2FY24 of ₹1,054.00 Crores up from ₹1,009.00 Crores year on year, a rise of 4.46%.

Consolidated Net Profit of ₹165.00 Crores up 20.44% from ₹137.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹10.81, up 20.92% from ₹8.94 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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