Web Exclusive | July 2017
CMI Ltd announces Rs 346 cr revenue for FY2016-17
CMI Limited has announced its annual results, with revenues are at Rs 346.03 crore for the year ended March 31, 2017, up from Rs 271.39 crore in 2015-2016 marking an increase of 27.5 per cent. The revenue on a consolidated basis stood at Rs 425.55 crore in FY16-17 making an increase of 57 per cent as compared to FY15-16 where revenue stood at Rs 271.39 crore.
PAT in 2016-17 stood at Rs 20.08 crore, up from Rs 16.99 crore of FY15-16. On a consolidated basis, the PAT stood at Rs 30.07 crore. The Basic EPS on standalone basis during this period was Rs 13.83 in FY16-17 as against Rs 13.39 of FY15-16. Basic EPS on consolidated basis stood at Rs 20.61.
In addition, Q4 results for FY16-17 were also on a growth curvature with revenues at Rs 107.84 crore, as against Rs 80.55 crore in Q4 of FY15-16 marking an increase of 33.8 per cent. PAT for the same period stood at Rs 6.30 crore from Rs 5.32 crore in FY15-16. Basic EPS for FY16-17 is at Rs 4.29 and it increased from Rs 4.19. On a consolidated basis, the revenues for Q4 FY16-17 stood at Rs 150.54 crore.
CMI, continued its positive growth from the last quarter and its revenues recorded positive growth from Q3 of FY16-17 which stood at Rs 107.84 crore up from Rs 59.36 crore marking an increase of 81.66 per cent on standalone basis. PAT for the Q4 of FY16-17 stood at Rs 6.30 crore showing upswing of 133 per cent from Rs 2.70 crore, the previous quarter. Basic EPS also recorded growth by 139 per cent and stood at Rs 4.29 from Rs 1.79.
‘‘Wire and cables industry is on the growth path. The impetus provided by GoI for modernisation as well as laying of new railway lines and their vision to provide electricity to all by 2022 puts the industry on the growth trajectory. This opens huge growth opportunity for the sector and we believe that CMI with its constant endeavour to provide latest innovative products to its customers will reap huge dividends,’’ says Amit Jain, MD, CMI Ltd.