- 01 Jul 2020
- Stockmarket
- MAR/2020
- Comments: 0
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Finolex cables has announced quarterly result of march their net profit quarter on quarter went to up 1172.00 from 806.00 (+45.41%) gain and net profit year on year went to up 1172.00 from 849.00 (+38.04%) gain. Net profit margin quarter on quarter went to up 18.00% from 11.50% it was in dec-2019 and net profit margin year on year went to up 18.00% from 10.30% it was in marc-2019. Net sales decreased 6514.00 from 7024.00 (-7.26%) in quarterly basis and net sales decreased 6514.00 from 8231.00 (-20.86%) in yearly basis. Depreciation was neutral same as dec-2019 in quarterly basis and it decreased 96.00 from 101.00 (-4.95%) in yearly basis.
| No. of Months | 3 | 3 | 3 | 3 | 3 | Quarter On Quarter % | Year On Year % | |
|---|---|---|---|---|---|---|---|---|
| Qtr. Ending | 19-Mar | 19-Jun | 19-Sep | 19-Dec | 20-Mar | |||
| Net Sales | Rs m | 8,231 | 8,077 | 7,158 | 7,024 | 6,514 | -7.26 | -20.86 |
| Other income | Rs m | 240 | 220 | 647 | 265 | 587 | 121.51 | 144.58 |
| Turnover | Rs m | 8,471 | 8,297 | 7,805 | 7,289 | 7,101 | -2.58 | -16.17 |
| Expenses | Rs m | 6,968 | 7,017 | 6,314 | 6,100 | 5,643 | -7.49 | -19.02 |
| Gross profit | Rs m | 1,263 | 1,060 | 844 | 924 | 871 | -5.74 | -31.04 |
| Depreciation | Rs m | 101 | 99 | 98 | 96 | 96 | 0.00 | -4.95 |
| Interest | Rs m | 3 | 2 | 2 | 4 | 7 | 75.00 | 133.33 |
| Profit before tax | Rs m | 1,399 | 1,179 | 1,391 | 1,089 | 1,355 | 24.43 | -3.15 |
| Tax | Rs m | 550 | 363 | 160 | 283 | 183 | -35.34 | -66.73 |
| Profit after tax | Rs m | 849 | 816 | 1,231 | 806 | 1,172 | 45.41 | 38.04 |
| Gross profit margin | % | 15.3 | 13.1 | 11.8 | 13.2 | 13.4 | ||
| Effective tax rate | % | 39.3 | 30.8 | 11.5 | 26 | 13.5 | ||
| Net profit margin | % | 10.3 | 10.1 | 17.2 | 11.5 | 18 |
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