Cords Cable Net Revenue Goes Up 8.5 % in Q3 FY21 QoQ
Cords Cable Industries Limited one of the largest Instrumentation Cables player in India has announced its financial results for Q3 FY21.
Cords’ Financial Results for Q3 FY21
QoQ Comparison of Cords Cable’s Financial Results
Net Profit of Cords has increased by 31.43% at Rs. 131 lakhs as compared to Rs. 99.67 lakhs of Q2 FY21.
Total Revenue from operations of Cords Cable was Rs. 90 crores in the third quarter, which is up by 8.5% as compared to second quarter of same year which was Rs. 83 crore.
Cords Cable’s revenue is mostly from business in the Projects Segment. The QoQ performance of Cords is an early sign of post-Pandemic recovery for various projects stuck-up earlier due to Covid restrictions. Cords Cable Industries QoQ numbers show a clear uptake in the company’s sales as well as profitability.
YoY Comparison of Cords Cable’s Quarterly Results
Cords revenue declined by 20% in Q3 FY21 as compared to Rs. 113 crores of Q3 last year. Net profit of the company has also gone down by 37% as compared to Rs. 209.47 lakhs of December Quarter last year.
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.