Brief: India's Finolex Cables Sept-qtr profit down nearly 5 pct

Finolex Cables

07/11/2017 10:20

Nov 7 (Reuters) - Finolex Cables Ltd  FNXC.NS : 
    * Sept quarter profit 996.7 million rupees versus 1.05 
billion 
rupees last year 
    * Sept quarter revenue from operations 6.88 billion rupees 
versus 
6.14 billion rupees last year 
    * Post GST, revenue growth was negatively impacted in 
elctrical 
wires, fans, water heaters, switches and switch gears  
    * Implementation of RERA had negative impact on growth in 
real 
estate businesses and on co's volumes in these areas  
 
    Source text - http://bit.ly/2AmIxsV 
    Further company coverage:  FNXC.NS  
 
 ((Bangalore.newsroom@thomsonreuters.com;))