Cords Cable Industries Ltd. [NSE: CORDSCABLE, BOM: 532941], a leading manufacturer of Instrumentation, Signaling, Control, and LV Power cables in India, has announced its financial results for the last quarter of FY-22.
Cords Cable’s Standalone Financial Results Comparison
YoY Comparison of Cords Cable’s Financials: Q4 FY-21 vs Q4 FY-22 & FY-21 vs FY-22
Cords Cable recorded a total income of Rs 133.39 crore during the quarter ended 31st March 2022. This figure shows a growth of 31.81% in comparison to the total income for Q4 of FY-21 which was Rs 101.20 crore.
Profit After Tax (PAT) during the last quarter of 2021-2022 was Rs 1.85 crore, which is 3.57% lower than the Rs 1.92 crore PAT for the same period in the previous fiscal.
The company’s annual total income for FY-22 was Rs 439.22 crore, exhibiting a remarkable 35.25% increase against the Rs 324.74 crore total income recorded for 2020-2021.
PAT during the entire fiscal also showed an impressive growth by 46.15% to Rs 6.36 crore in FY-22 against Rs 4.35 crore during FY-21.
QoQ Comparison of Financials: Q3 FY-22 vs Q4 FY-22
Quarter-wise comparison of the company’s financials reveals that total income rose by 20.32% to Rs 133.39 crore in Q4 of FY-22 from Rs 110.86 crore in the previous quarter.
PAT also showed an upward trend, increasing by 20.84% to Rs 1.85 crore during Q4 from Rs 1.53 crore during Q3 of FY-22.
Company’s Outlook on its Financial Performance
Expressing his opinion on the company’s financial performance, Mr Sandeep Kumar, CFO, Cords Cable Industries Ltd. said, “During the Financial year 2021-22 the company has achieved Income from operations Rs 437.99 crore which is all time high. This was in spite of the volatility in commodity prices and uncertainties due to geopolitical situation. Looking at the strong performance during the financial year 2021-2022 and renewed emphasis by government on capex in the current Union Budget, we do expect to achieve reasonably strong performance in the current financial year also“.
About Cords Cable Industries Ltd.: Delhi-headquartered Cords Cable Industries Ltd. was established in 1987. Cords Cable manufactures Instrumentation cables, Control cables, Thermocouple cables, Power cables, and other Special cables to provide solutions for industrial connectivity requirements such as SCADA, DCS, Railway Signalling, and other plant instrumentation requirements. The company has two manufacturing facilities at Chopanki and Kahrani, near Delhi.