Shares of a company engaged in the business of wires and cables manufacturing slumped marginally by 0.7 percent on BSE to Rs. 141.5 on Thursday, despite receiving an order worth Rs. 61.05 lakhs from one of the largest multinational technology conglomerates.
The overall market decline was primarily influenced by losses across various sectors, as investors expressed concerns over escalating conflicts in the Middle East.
With a market capitalisation of Rs. 142.3 crores, the shares of Relicab Cable Manufacturing Limited opened at Rs. 139.95, as against its previous closing price of Rs. 142.5.
What’s the News:
According to the latest regulatory filings with the BSE, Relicab Cable Manufacturing Limited received a contract worth Rs. 61.05 lakhs from one of the largest multinational technology conglomerates.
The order includes PVC Cable, Earthing Material-Cu Cable, Earthing Material-Flat Cu Cable, and FRLS, to be executed within 30 days.
Previous Orders:
On 4th September, Relicab Cable Manufacturing Limited secured a contract worth Rs. 97.47 lakhs for PVC Cable, Halogen and FLRS from a leading multinational technology conglomerate.
On 19th September, the company dispatched its first export order, valued at $1,17,596 (or Rs. 98.78 lakhs, to the African Port City of Malawi, Mozambique. This international order for MM S/C Cable was secured on August 27th.
Financials:
The company’s net profit significantly increased from Rs. 0.15 crores to Rs. 0.41 crores, representing a growth of 173.3 percent YoY.
However, during the same period, the company reported a decrease in revenue from operations, experiencing a year-on-year decline of nearly 21.3 percent, falling from Rs. 7.88 crores in Q1 FY24 to Rs. 6.2 crores in Q1 FY25.
About the Company:
Incorporated in 2009, Relicab Cable Manufacturing Limited is engaged in the business of manufacturing and marketing of PVC Compounds and wires and cables for various electrical connectivity requirements, mainly for the industrial segments like telecom, electrical, automotive and household appliances and the new field of wind energy.
The company’s product range includes a wide range of wires and cables including armoured/unarmoured and single-core as well as multi-core flexible cables, control & power cables, instrumentation cables etc.
Written by Shivani Singh
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