Press release
CMI Limited, the leading Speciality Cables manufacturer, announces Q1 results for 2017-18
CMI Limited, the leading Specialty Cables manufacturer, announces Q1 results for 2017-18On a consolidated basis, the Income stood at Rs. 14,427.91 Lakhs, Net Profit at 603.16 Lakhs and EPS at Rs. 4.03
CMI Limited, the leading Speciality Cables Company, has announced its Q1 results for 2017-2018.
On a consolidated basis, the total income stood at Rs.14,427.91 Lakhs in Q1 of 2017-18, up from Rs. 8,729.46 Lakhs in Q1 of 2016-17. The Net Profit was at 603.16 Lakhs in Q1 of 2017-18, up from Rs. 151.10 Lakhs in Q1 of 2016-17. EPS in Q1 2017-18 is at Rs. 4.03, up from Rs. 1.07 in Q1 of 2016-17.
On a standalone basis, the total income stood at Rs.10,582.09 Lakhs in Q1 of 2017-18, up from Rs. 8,740.15 Lakhs in Q1 of 2016-17. The Net Profit was at 653.13 Lakhs in Q1 of 2017-18, up from Rs. 628.06 Lakhs in Q1 of 2016-17. EPS in Q1 2017-18 is at Rs. 4.36, slightly lower than Rs. 4.46 in Q1 of 2016-17, due to the increase in the paid up share capital from 1408.07 Lakhs to 1502.74 lakhs. The increase in share capital is due to the allotment of 250,000 equity shares of Rs. 10 each, at a premium of Rs. 290, to the promoters on a preferential basis.
Mr. Amit Jain, CMD, CMI Ltd., said “The results are in line with our expectations given the uncertainties in the business due to impending implementation of GST in the first quarter. We expect growth to pick up in the last two quarters of the current financial year once the GST implementation sets in. We are clearly seeing signs of pickup in capex in infrastructure sector which augurs well for the wires and cable industry and CMI.”
He further added that CMI ltd. has a robust pipeline for new products which are highly specialized for application in critical areas in various sectors and CMI is confident of outpacing the industry growth
About CMI Limited
CMI is a listed, specialty cables company (NSE Symbol: CMICABLES, BSE Scrip Code: 517330,). CMI closed the year 2016-17 with revenues of Rs. 346 Crore.
CMI focus is currently on new product development with the emphasis on latest technologies at its facilities. CMI’s original facility is located at Faridabad in Haryana. CMI began the Commercial Production at its new facility at Baddi, Himachal Pradesh in April 2016, which was a part of its acquisition of General Cable Energy Private Limited from fortune 500 Company, General Cable Corporation. It is India’s first green factory in the segment.
Today, CMI manufactures a wide variety of cables for infrastructure,Railways, Oil & Refinery industries, Engineering Companies, EPCC contractors, and the like. CMI’s satisfied customers include Railways & its subsidiaries like IRCON. RITES, MRVC, Konkan Railways, DLW, DMRC & other metros; Oil& Refinery industries like IOCL, BPCL, BORL, GAIL, MRPL, HPCL, ONGC; Leading Government companies like EIL, ISRO, BHEL, NLC, NTPC, NPC, BSNL / MTNL and HEC; Private Sector EPCC companies like L&T, Alstom, Siemens, Hitachi, Linde, Thales, Lurgi, Technip and ABB; Steel plants like Vishakhapatnam Steel Plant, Bhushan Power & Steel, etc. CMI has also exported cables to Sri Lanka, Bangladesh & Iran Railways.
CMI is now manufacturing wide variety of cables including Railway Quad cables, Signaling cables, Ballise cable for Train protection & warning system, Fire survival cables, LSZH / FRLS sheathed cables, Control & instrumentation cables, Cables with TPU sheath, PTFE cables, Special cables for multi object tracking radar, Fire alarm & communication cables, PIJF telecom cables, EPR/CSP/PCP insulated & sheathed Rubber cables, Linear Heat sensing cables, etc.
181, Anand Vihar, Pitampura, New Delhi-34
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release CMI Limited, the leading Speciality Cables manufacturer, announces Q1 results for 2017-18 here
News-ID: 719719 • Views: …
More Releases from CMI Ltd
CMI Ltd. bags orders worth Rs. 32.64crore from BHEL for supply of LT XPLE power …
CMI Ltd. bags orders worth Rs. 32.64crore from BHEL for supply of LT XPLE power cables
CMI Limited, the BSE & NSE Listed Specialty Cable company, has been awarded order worth 32.64crore from BHEL(Bharat Heavy Electricals Ltd), to provide LT XPLE cables.
The order from BHEL to supply LT XPLE cables will be delivered within the next 4 and a half months. The cables to be supplied to BHEL…
Smoking Cessation and Nicotine De-addiction Products Market - Global Industry An …
Are E-cigarettes the E-asy Way Out of Smoking?
Cigarette packs have been mandatorily carrying a warning stating ‘Smoking is injurious to Health’, while some countries have resorted to even more graphic visuals of victims of smoking. However, this has done precious little to encourage smoking cessation. It is only through awareness created by NGOs and global healthcare organizations that we observe initiatives to stop smoking among the smoking population. Moreover, focus…
Middle Ear Implants Market - Global Industry Analysis 2024
Middle Ear Implants Market Overview
Middle implant ear is a small device inserted into the middle ear and coupled to ossicles. Middle ear implants are devices designed for those who suffer mild- moderate mix or sensorineural hearing loss and conductive hearing loss. Middle ear implant is an advanced technology for the conventional use of hearing aid. A middle ear implant is recommended for people suffering from earmould allergies, skin problems, ear…
Diabetic Alcohol Swabs Market - Global Industry Analysis 2024
An alcohol swab is gauze that has been dipped and saturated with alcohol. It is a vital part of any first aid kit. Alcohol swabs are primarily used to disinfect and clean cuts and scrapes. They are used in doctors’ clinics, diagnostic centers, and other places where quick and easy cleaning of a locale is desired. The alcohol in the alcohol swabs helps get rid of possible sources of contamination…
More Releases for Lakhs
ICICI Net Banking - Features of ICICI Personal loan - mymoneykarma
ICICI Net Banking and Personal Loan:
ICICI Bank is originally promoted in 1994 by ICICI limited and it is the largest private sector bank. The bank currently has its corporate office is in Mumbai, Maharashtra (India). ICICI Offers Financial and banking services to corporate and retail customers like car loan, personal loan, insurance products, investment, simple account.
ICICI net banking was launched by ICICI bank in the year 1998. ICICI bank offers…
Good For You. Good For Women. Good for India. Women of India Organic Festival 20 …
Good For You. Good For Women. Good for India.
Women of India Organic Festival 2017 Culminates With Record Sales
of Rs. 1.84 Crores and Footfalls of 2.35 Lakhs
New Delhi
For Immediate Release
The 15-day “Women of India Organic Festival 2017” organized by the Ministry of Women & Child Development culminated on the night of Sunday, October 15th. New Delhi's Dilli Haat was this Diwali season the foremost hub of India's largest and most…
SBI Foundation Donates INR 88 Lakhs to Akshaya Patra
Bengaluru: 4th April, 2017: The Akshaya Patra Foundation received a donation of INR 88 lakhs from SBI Foundation. The money is donated by the CSR wing of State Bank group. This donation will be invested towards 1250 Hot Insulated Vessels to keep food hot for 8-10 hours. The insulated hot boxes would be distributed amongst Bengaluru, Ahmedabad, Guwahati and Nathdwara kitchens. The cheque of INR 88, 08, 400 was given…
Suryajyoti FY2011 PAT up by 333% and EPS by 331%
Hyderabad, May 30, 2011: Hyderabad based Suryajyoti Spinning Mills Ltd. (BSE Code: 521022; NSE Symbol: SURYAJYOTI) leading manufacturers of Yarn and Fabric has today announced its Audited Annual Financial Results for FY2010-2011.
Suryajyoti has posted a 333% rise in Net Profit at Rs.1583 lakhs for the year ended 31st March 2011, as compared to Rs. 366 lakhs in the previous year ended 31st March 2010.
The Company’s Net Sales soared to…
Suryajyoti Spinning Mills Q3FY11 profit up by 184%
Hyderabad, January 31, 2011 Suryajyoti Spinning Mills Ltd. (BSE Code: 521022; NSE Symbol: SURYAJYOTI) leading manufacturers of Yarn and Fabric today announced its Q3 results. Suryajyoti has posted a 184% rise in Net Profit at Rs.576 lakhs for the Quarter ended December 31st 2010, as compared to Rs. 203 lakhs in the corresponding period of the previous year.
The company’s revenues soared to Rs. 10466 lakhs for the quarter…
Suryalata Spinning Mills Posts a hike of 239% to Rs. 401 lakhs in Q2 PAT
Hyderabad, October 28: Hyderabad based and listed on the BSE, Suryalata Spinning Mills Limited (SLSML) one of the largest producers of Yarn, manufacturing 100% Polyester and 100% Viscose yarn of counts ranging from 20s to 60s as well as Polyester / Viscose blended yarns
Suryalata’s Net Revenue has increased by 34% when compared with corresponding quarter of the previous year, from Rs 4352 lakhs for the quarter ended September 30,…
