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  1. CMI Ltd registers Rs 283.87 lakh profit in Q1

CMI Ltd registers Rs 283.87 lakh profit in Q1

Specialty cables manufacturer CMI Limited today announced its unaudited Q1 results reporting a Rs 283.87 lakh...

By: | New Delhi | Updated: August 18, 2015 6:54 PM

Specialty cables manufacturer CMI Limited today announced its unaudited Q1 results reporting a Rs 283.87 lakh profit after tax (PAT) against Rs 105.65 lakh in Q1 of 2014-15 marking an increase of 169% in profitability.

The company’s revenues increased by 59.7 per cent at Rs 4,532.64 lakh in Q1 2015-2016 as against Rs 2,838.20 lakh in Q1 of 2014-15.

The earning per share (EPS) was Rs 2.44 in the quarter ended June 30, 2015, down from Rs. 2.99 in Q1, 2014-15 due to expansion of capital by 224% over Q1 2014-15.

“We are also focused on creating a sustainable export market for our products besides acquiring newer customers and catering to newer verticals. To fuel our growth, we will look at both organic and inorganic capacity expansion in the future”, said Amit Jain, Chairman and Managing Director and CEO, CMI Limited.

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