Cords Cable Net Profit Goes Up 46.5 % in Q4 FY21
Cords Cable Industries Ltd., one of the leading Indian manufacturer of Instrumentation, Signaling, Control and LV Power cables has announced its financial results of Q4 FY21.
Cords Cable’s Financial Results of Q4 FY21
Total Revenue from operation of Cords Cables was Rs. 100.89 crores in the fourth quarter, which is up by 12 % as compared to third quarter of same year which was Rs. 90.08 crore.
Net Profit of Cords has sharply increased by 46.56 % at Rs. 192 lakhs as compared to Rs. 131 lakhs of Q3 FY21.
Cords revenue increased by 3.6% to Rs. 100.89 crore in Q4 FY21 as compared to Rs. 97.41 crores of the same quarter last year. Net profit of the company has gone down by 59.6 % at Rs. 192 lakhs as compared to Rs. 475 lakhs in Q4 FY20.
Cords Cable’s Financial Performance for Full Year ended March 31, 2021
Cords’ revenue decreased by 23 % YoY at Rs. 323 crore in FY21, down from Rs. 420 crore in FY20. Net Profit also declined drastically by 60 % YoY, and stood at Rs. 4 crore in FY21 from Rs. 10 crore in FY20.
About Cords Cable Industries Limited:
The company was established in 1987, headquartered in New Delhi (India). Cords manufactures Instrumentation cables, Control cables, Thermocouple cables, Power cables besides all other Special Tailor-made cables to provide solutions for various connectivity requirements, mainly for the industrial segments. Cords is listed on BSE and NSE stock exchanges. Cords has two manufacturing units based at Chopanki and Kahrani in Alwar district of Rajasthan.