CMI Limited, the leading specialty cables manufacturer, announced its unaudited financial results for the quarter ended 31st of December 2016. The revenues stood at Rs 5,936.51 lakh in Q3 2016-2017 as against Rs 7,540.83 lakh in Q3 of 2015-16 on a standalone basis. The Q2 revenues were Rs 9,221.95 lakh. The revenues on a consolidated basis stand at Rs 8,400.40 lakh in Q3 2016-2017. The Profit after Tax (PAT) was at Rs 270.18 lakh in Q3 2016-2017, against Rs 481.26 lakh in Q3 of 2015-16. The PAT in Q2 2016-17 was at 555.51 lakh. On a consolidated basis, the PAT in Q3 of 2016-17 was Rs 203.93 lakh.
The earning per share (EPS) was Rs 1.82 in the quarter ended December 31, 2016, as against Rs 3.54 in Q3, 2015-16. Amit Jain, CMD, CMI Ltd said, “The working of the company has been affected by demonetisation and delivery has been postponed to coming quarters. However our order book remains healthy and we are confident of maintaining a compound growth of 25 per cent on a consolidated basis.”
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