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Showing posts with label Finolex Cables. Show all posts
Showing posts with label Finolex Cables. Show all posts

Thursday, 18 February 2021

Finolex adds RPVC conduits to its

Finolex adds RPVC conduits to its offering

 Aims to become a one-stop solution for
electrical products & accessories

Finolex Cables, India’s leading electrical & communications cable manufacturer adds conduit and fittings to its repertoire. The conduits are manufactured at its state–of-the-art Goa plant from specially formulated µPVC to meet the most stringent India & International standards. These are made of high impact resistance materials which make them safe to use across varied environmental conditions.

The conduits are available in 19”-32” diameters in Light, Medium and Heavy stress specifications. Along with conduits Finolex also offers commonly used fittings like junction boxes, bends, inspection bends etc. 





Speaking on the occasion, Deepak Chhabria, Executive Chairman, Finolex Cables Ltd. said, “We foresee the government’s ‘Power for All’ mission, higher infrastructure spends and growth in affordable housing projects will lead to an increase in overall market size.” He went on to add “Finolex brand equity, a high-quality product manufactured using the latest equipment along with a robust distribution network, we feel augurs well for Finolex receiving a positive response from the market.”

Finolex perceives the conduit business as an opportunity to start a business relationship with the Project Developer at the initial stage itself, after which, Wires, MCBs, Switches, Lighting will be required to complete the electrical requirement of a project/home.

Speaking on the new product launch, Amit Mathur, Head - Sales & Marketing, Finolex Cables Ltd. said “As pioneers in the wire and cable industry, we enjoy a strong relationship with customers, builders and channel partners built over the years. We currently have 1.5 lac retailers, who are frequently requesting us to expand our product portfolio. The conduit launch gives us an exciting new opportunity to strengthen the bond while increasing our wallet share.”

Finolex Cables has been steadily expanding into the Electrical segment with a product range that includes Electric Water Heaters, Fans, Switchgear, Switches and Lighting products.  Its residential range of electrical switches, lights, fans and water heaters have been well-accepted, and are gaining traction in the market.

 Finolex Cables remains focused on growing this consumer-focused range steadily and leverage their brand equity with the aim of becoming a complete electrical products company and a strong B2C player. The investments made by the company will be a source of competitive advantage, enabling them to capitalize on the unfolding opportunities and give the required scale and strength to their business.

Thursday, 30 May 2019

FINOLEX CABLES LTD RESULTS

Finolex Cables Ltd., (FCL) at the meeting of its Board of Directors held today approved results for the fourth quarter as well as the full year of 2018-19.

Revenues for the quarter ended March 2019 were Rs.8216.9 million as against Rs.7992.0 million for the corresponding period in year 2017-18 representing a 3% growth in value terms. In volume terms, all Electrical Wires grew by18%, while Power Cables de-grew marginally. Within Communication Cables segment, volumes in Optic Fiber Cables de-grew owing to delays in orders from both the Government sector as well as sluggishness from Private Telecom Companies. Other Communication products which are sold through dealer network, however, saw volume growth of over 15%. New products within the FMEG sector all grew by more than 10% each. The positive impact of GST is quite visible now.

For the full year 2018-19, sales were Rs 30825.8 million as against Rs 29028.4 million in the previous year with a 6% revenue growth. Except for Power Cables and Optic Fiber Cables, all other product lines showed a healthy volume growth.

Newer product lines (Fans, Switchgear and Water Heaters) have all grown. Addition to product range, expansion of distribution network, continued presence in visual media have all contributed to the Finolex brand recognition within these product segments.

Profit for the quarter, before taxes, was Rs.1399.4 million, as compared to Rs.1276.8 million in the previous year – growth of 10%.

For the full year, profit before taxes improved to Rs 5318.6 million from Rs 5044.8 million in the previous year – a growth of 5.5%.

At a PAT level, PAT for Q4 of 2018-19 stood at Rs 849.0 million as against Rs 817.6 million for the corresponding period of the previous year – a growth of 4%.

For the full year, profit after taxes were Rs 3440.9 million as against Rs 3582.0 million in the previous year – the reduction due to cessation of fiscal benefits at Roorkee.

Based on the performance, the Board has recommended a dividend of 225% for the year.

For the year ended 31st March 2019, the consolidated results reflect net sales of Rs 30825.8 million as against Rs 29028.4 million in the previous year and Profit Before Taxes of Rs 6102.2 million as against Rs 5491.4 million in the previous year. 

ABOUT FCL

Finolex Cables Limited is India's largest and leading manufacturer of Electrical and Communication cables.  Finolex offers a wide range of Electrical and Communication cables. Its wire and cable products are used in applications such as automobile, lighting, cable TV, telephone and computers to industrial applications touching every person in his daily life.  In recent years, Finolex has added Electrical Switches, LED based Lamps, Fans, low voltage MCBs and a range of Water Heaters to its product portfolio.


FINANCIAL HIGHLIGHTS+

(Rs. In Million)

Standalone
Standalone
Standalone
Standalone
Consolidated
Consolidated

Quarter Ended
Quarter Ended
Year Ended
Year Ended
Year Ended
Year Ended

31.03.19
31.03.18
31.03.19
31.03.18
31.03.2019
31.03.2018
Net Sales / Income from Operations (net of duty)
8216.9
7992.0
30825.8
29028.4
30825.8
29028.4
Profit before Exceptional item, Interest, Depreciation and Tax
1502.6
1389.9
5733.3
5497.2
5513.1
5219.8







Deductions for :






·     Exceptional Item






·     Interest
2.7
14.4
9.2
14.4
9.2
14.4
·     Depreciation
100.5
98.7
405.5
438.0
405.5
438.0







Profit before Taxation
1399.4
1276.8
5318.6
5044.8
5098.4
4767.4
Share of Profits in Associates & JVs




1003.8
724.0
Profit After Tax
849.0
817.6
3440.9
3582.0
4074.7
3301.1
OCI
81.2
33.7
-245.7
134.7
-256.0
131.8







Total Comprehensive Income
930.2
851.3
3195.2
3716.7
3818.7
3432.9