Q3-FY 23 RESULTS HIGHLIGHTS.
Nine months standalone EPS equal to 90% of fy22 EPS, Q4 is usually very strong due to orders from govt. departments.
Primary supplier of OFC to Jio and Airtel resulting in 100% jump in revenues from OFC cables .
26% value growth and 20% volume growth in Metal Cables and 70% growth in OFC cable revenves.
Consolidated results look subdued due to loss posted by Associate- Finolex Industries in Q2-FY 23.
Market continues to value it at <15 PE despite of tremendous brand value largely due to perceived Management feud, which I feel is largely resolved.
finolex cables Q3-FY 23 RESULTS.pdf (5.0 MB)
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