Cords Cable Q1 FY20 Net Profit Goes Up by 17%
Cords Cable Industries Ltd. is one of the largest manufactures of Instrumentation, Control and Specialty cables for more than 30 years. It is listed on BSE and NSE stock exchanges and recently has announced its financial results of Q1 FY20.
Financial Results Q1 FY20 Q-o-Q Comparison
Total Revenue from Operation of the company has gone up by 20.02 % in Q1 FY20 amounting to Rs. 110.50 Cr. as compared toRs. 92.07 Cr. of Q1 FY19. Net Profit of the company in Q1 FY20 has increased enormously by 16.91 % to Rs.1.59 Cr. as compared to Rs. 1.36 Cr. of Q1 FY19.
Cords Cable Quarterly Performance
|Financials||Q1 FY 19||Q1 FY 20||% Change|
|Total Income (Rs. Cr.)||92.07||110.50||20.02 %|
|Net Profit (Rs. Cr.)||1.36||1.59||16.91 %|
Order Book of the company has touched Rs. 151 Cr. by the end of Q1 FY20. The general sale composition of cords is such that 81% is contributed by Instrument and Control Cables and rest 19 % is contributed by Power Cables.
About the Company: The company was established in 1987 and manufactures a wide range of LV Power, Control, Instrumentation and custom-designed cables. Cords is well known for its customer service and quality.