Finolex Cables Q4 net drops 58% at Rs 9 cr

Finolex Cables Q4 net drops 58% at Rs 9 cr
PTI
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First Published: Thu, May 10 2007. 05 59 PM IST
Updated: Thu, May 10 2007. 05 59 PM IST
Mumbai: Finolex Cables on 10 May reported a net profit of Rs8.83 crore for the fourth quarter ended 31 March, against Rs21.02 crore for the same period a year ago.
Total income (net of excise) of the firm stood at Rs295.82 crore for the January-March quarter against Rs231.22 crore for the quarter ended 31 March 2006, Finolex informed the BSE.
During the fourth quarter of the previous year JFTC billing to BSNL/MTNL was Rs22.63 crore, it added.
Meanwhile, the Finolex Cables board recommended 70% dividend at Rs 1.40 per equity share of Rs 2 each, for the financial year ended 31 March.
On annual basis, the company posted a net profit of Rs68.99 crore, whereas the same was at Rs 50.37 crore for the year ended March 31, 2006.
Total income (net of excise) recorded during the 12 months ended 31 March stood at Rs1,052.62 crore, against Rs776.16 crore in 2006.
Shares of Finolex closed at Rs94.35, up 1.4% on the BSE.
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First Published: Thu, May 10 2007. 05 59 PM IST