Q3FY17 Results : Shilpi Cable Technologies Ltd
Shilpi Cable Technologies Ltd. reported its consolidated results for the quarter ended December 31, 2016 today.
The company’s sales for Q3FY17 were Rs 1016.8 crore, which represents a 15.08 per cent sequential decline and 4.15 per cent YoY increase.
Its operating profit (EBIT) for the quarter was Rs. 70.9 crore and its EBIT margin was 6.97 per cent.
The company reported PAT of Rs. 35.3 crore, which represents a sequential QoQ decline of 42.6 per cent and a YoY decline of 4.08 per cent.
Shilpi Cable Technologies Ltd, 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, automobile and power sectors.