Finolex Cables reports strong financial performance in Q1 FY25, with growing PBT and PAT

Finolex Cables, a leading player in the cable industry, has recently announced its financial results for the quarter ending June 2024. The company has shown a positive performance in this quarter, with a steady score in the last three months.

According to the financial report, the company’s Profit Before Tax less Other Income (PBT) has grown by 58.54% Year on Year (YoY) to Rs 271.42 crore. The Profit After Tax (PAT) has also shown a growth of 52.0% YoY to Rs 243.92 crore. These figures indicate a very positive trend in the near term for the company.

In addition, Finolex Cables has achieved its highest PBT and PAT in the last five quarters, showing a positive trend in the near term. The company’s Earnings per Share (EPS) have also increased to Rs 15.95, creating higher earnings for its shareholders.

Another positive aspect of the financial report is the Debtors Turnover Ratio, which has reached its highest at 28.25 times in the last five half yearly periods. This indicates that the company has been able to settle its debtors faster.

However, there are some areas that need improvement for Finolex Cables. The Operating Profit (PBDIT) for this quarter is the lowest in the last five quarters, and the Operating Profit Margin has also decreased to 10.31%. This shows a decline in the company’s efficiency.

Overall, Finolex Cables has shown a positive financial performance in the quarter ending June 2024. With its growing PBT and PAT, and efficient management of debtors, the company is on a steady path towards success. However, it needs to focus on improving its operating profit to maintain its efficiency in the market. Based on these factors, MarketsMOJO has given a ‘Hold’ call for Finolex Cables’ stock.