During Monday’s trading session, shares of a company engaged in providing solutions for various electrical connectivity requirements hit a 20 percent upper circuit at Rs. 196.5, after the company reported a rise in net profit by around 81 percent QoQ and 56.7 percent YoY in Q3 FY25.
Price Movement:
With a market cap of Rs. 254 crores, the shares of Cords Cable Industries Limited opened in the red at Rs. 160 on BSE, down by around 2.3 percent, as compared to its previous closing price of Rs. 163.75.
The stock delivered negative returns of nearly 1 percent in one year, while around 8 percent of positive returns in the last one month.
What’s the news:
The fluctuations in the share prices were observed after Cords Cable Industries Limited announced the financial results for Q3 FY25, through the recent filings with the stock exchanges.
For Q3 FY25, Cords Cable Industries reported revenue from operations of Rs. 205.4 crores, registering a significant growth of around 12.2 percent QoQ from Rs. 183 crores in Q2 FY25, and a rise of about 22.3 percent YoY from Rs. 168 crores in Q3 FY24.
The company’s net profit for Q3 FY25 to Rs. 4.7 crores, representing a growth of around 81 percent QoQ from Rs. 2.6 crores in Q2 FY25, and a year-on-year increase of nearly 56.7 percent from Rs. 3 crores in Q3 FY24.
About the Company:
Established in 1987, Cords Cable Industries Limited is engaged in the business of providing cost-effective and quality solutions for various electrical connectivity requirements.
The company provides a wide range of specialized cables to address the specific requirements of industries involving modern process technologies, instrumentation and communication demanding the highest standards of precision and reliability, and household users seeking products with assured quality and safety.
Written by Shivani Singh
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