Web Exclusive | September 2016
CMI Limited announce Q1 results
Cable manufacturers CMI Limited, announced their unaudited financial results for the quarter ended June 30, 2016. The revenues are at Rs.7,701.02 lakh in Q1 2017 as against Rs.4,532.64 lakh in Q1 of 2016, marking an increase of 69.9 per cent on a standalone basis. The revenues have also increased by over 7.32 per cent on a QoQ basis, up from Rs.7,175.62 lakh of Q4 2016. The Profit after Tax (PAT) is at Rs.550.15 lakh in Q1 2017, against Rs.283.87 lakh in Q1 of 2016, marking an increase of 93.8 per cent in profitability. The PAT has also increased by over 3.36 per cent on a QoQ basis, up from Rs.532.28 lakh of Q4 2016. Earnings per share (EPS) is Rs.3.86 in this quarter, up from Rs.2.44 in Q1, 2016. “The results are in line with our expectations for the current fiscal. The impact of our wholly owned subsidiary, CMI Energy India Private Limited (formerly General Cable Energy India Private Limited), will start becoming visible from Q2,” said Amit Jain, CMD and CEO, CMI Limited.