Finolex Cables

The company had posted a loss of Rs 95.38 crores during the corresponding quarter of the previous financial year, Finolex Industries said in a regulatory filing

Finolex Cables, which leads the electrical and communication cables segments, hopes to net Rs 500 crore in revenue from each of the five fast-moving consumer electrical segments it recently entered, by fiscal 2028, which will also help it more than double its present revenue. The Pune-headquartered company made around Rs 200 crore, or about 5 per cent of its top line last fiscal from these segments. It also expects to more than double its turnover to Rs 11,000 crore by that time, which is likely to sniff at Rs 5,000 crore this fiscal going by the first nine months' numbers with the December quarter alone crossing Rs 1,150 crore. The company entered the fast moving consumer electric segment in 2020 and have already made some good traction with our switches, ECBs, fans, lightings, and water heaters. Last year we closed with around Rs 200 crore, or about 5 percent of the top line. "Over the next five fiscals, we hope to make Rs 500 crore from each of these five new products or about 25

Finolex Cables has rallied 10 per cent to Rs 847.60, and trades at its highest level since March 1992.

Finolex Cables said that the Union budget 2023 direct benefits to various segment of the company

The company underperformed peers on the volume front in Q2, though margin impact was lower given value-added mix

The technical analyst from HDFC Securities expects the bias for the Nifty to remain positive as long as the NSE index holds above 15,704.

Demand for fibre optics, LAN and copper line cables increased as people working at home seek good internet, says CEO.

SES and Ingovern have accused the Pune-based company headed by Deepak Chhabria of taking its shareholders for a ride by violating many provisions of the Companies Act and Sebi norms

The company is eyeing at least Rs 500 crore revenue from its new consumer-facing electrical accessories business by the next fiscal.

Cords Cable Industries jumped 15.5%, Birla Cables (10.15%), Paramount Communications (8.94%), and ITI (4.4%) in intra-day trade

According to company filings, the firm was originally promoted by two brothers Pralhad Chhabria and Kishan Chhabria; both brothers being equal partners in the business

Players like Finolex Cables, Astral Poly Technik and Supreme Industries have, therefore, witnessed a sharp erosion in their profit margins in the quarter ended December 2018

The stock rallied 13% to Rs 345 after the company posted 77% YoY growth in profit at Rs 83 crore for Q4FY16.