New Delhi, February 12, 2015: Shilpi Cable Technologies Limited (SCTL), a specialist in a wide variety of cables used in telecom, automotive and energy segment, has declared its financial results for the second quarter ended December 31, 2015.
Q3FY16 Highlights:
Consolidated:
- Revenues up by 13.55% to Rs. 976.34 crore in Q3FY16 as against Rs. 859.84 crore in Q3FY15
- EPS for the Q3FY16 stood at Rs. 3.59
- PAT stood at Rs.36.87 crore for Q3FY16 as against Rs. 40.02 crore for Q3FY15
Standalone:
- Revenues stood at Rs. 482.19 crore as against Rs 372.74 crore in Q3FY15; up by 29.36% y-o-y
- PAT stood at Rs. 14.14 crore as against Rs. 10 crore in Q3FY15; up by 41.40% y-o-y
Management Comments:
Commenting on the results, Manish Goel, Managing Director, Shilpi Cable Technologies Ltd. said, “We are pleased to announce that our results are in line with our expectations. Since the last 3-4 years, our strategies are falling in place. We have created a professional set up for managing the operations and have also managed the strategic level run for the promoters and key management. This combination is working fine and on one side we are able to get an increase of share and break into more accounts”.
Additionally, with our recent foray into the B2C segment, we are hopeful that we will make it big with our prospective customers and post robust results in the upcoming quarters” added Mr. Manish Goel.
About Shilpi Cable Technologies
Shilpi Cable Technologies Limited, a separate wing of three decades old Shilpi Group was founded in the year 2006. Starting with a project to manufacture RF cables, Shilpi Cables has become a specialist across the varieties of cables widely used in telecom, automotive and energy segment.
An ISO 9001:2000 certified company Shilpi Cable’s success in a very short span is a result of its desire to use best technology, become leader in execution excellence and partner its customer in meeting their evolving needs. Shilpi believes in providing its customers the best quality products at the most reasonable prices. Its organization to organization contact policy, impeccable innovation and technological advancements help it to understand the requirements of its clients and serve them better.
Today Shilpi Cables is evolving as dependable brand name in the sector and more companies are willing to work with it. The company’s reign has traversed beyond the regional limits to attain newer heights.
