Finolex Cables Q4 net doubles to Rs 21 cr
Mumbai, May 02: Finolex Cables Ltd has posted a net profit of Rs 21.02 crore for the quarter ended March 31, 2006 as compared to Rs 10.13 crore for the corresponding quarter last fiscal, an increase of 107.50 per cent.
Announcing the results, the company said its total income is Rs 231.22 crore for Q4 FY 06 as compared to Rs 145.23 crore in Q4 FY 05.
It has posted a net profit of Rs 50.37 crore for the year ended March 31, 2006 as compared to Rs 30.77 crore for the last fiscal year. Total income is Rs 776.16 crore for FY 06 where as the same was at Rs 587.49 crore in FY 05.
The board of directors has recommended dividend at the rate of 60 per cent (Rs 6.00 per equity share) for the financial year ended March 31, 2006.