CMI Limited, the leading Specialty Cables manufacturer, announces Q3 results for 2017-18

CMI Limited at the meeting of its board of directors held on 10.02.2018 approved Standalone/ consolidated un- audited financial results for the quarter and nine months ended December 31, 2017.

CMI Limited at the meeting of its board of directors held on 10.02.2018 approved Standalone/ consolidated un- audited financial results for the quarter and nine months ended December 31, 2017.

Revenue up by Rs. 51.17 %; PAT up 188.28% as compared to last year quarter, On quarter to quarter basis it up by 60.79% in revenue and 232% for the PAT

CMI Limited (BSE Scrip Code: 517330 NSE Symbol: CMICABLES) a specialist in a wide variety of cables used in Railway, Power, telecom, and other energy segment has declared its financial results for the quarter year ended December 30, 2017.

Highlights:
Consolidated:

 Revenues up by 51.17% to Rs.41574.99 Lacks in Nine Months as against Rs. 27501.34 Lacks in Nine Months ended 2016. On quarter to quarter basis it has increased by 60.79%, from Rs 8400.66 Lacks to Rs 13507.43 Lacks.

 PAT up by 188.28% to Rs.1901.17 Lacks for Nine Months as against Rs.659.48 Lacks in Nine Months ended 2016. On quarter to quarter basis it has increased by 232 % ,from Rs 205.99 Lacks to Rs 683.65 Lacks

Standalone

 Revenues up by 18.57 % to Rs.28525.74 Lacks in Nine Months as against Rs. 24056.17 Lacks in Nine Months ended 2016. On quarter to quarter basis it has increased by 47.09%, from Rs 6015.02 Lacks to Rs 8847.56 Lacks.

 PAT up by 2.26% to Rs.1648.70 Lacks in Nine Months as against Rs. 1612.26 Lacks in Nine Months ended 2016. On quarter to quarter basis it has increased by 30.03%, from Rs 350.50 Lacks to Rs 455.79 Lacks.


Management Comments:
Commenting on the results, Amit Jain, Chairman and Managing Director, Cmi Limited said, "We have concluded Q3- of the financial year on a successful note with 51.17% growth in the Top line and PAT 188.28 % up as compared to last year quarter. Our focus on consistently increasing our clientele and new product development using advance research and development techniques have augmented well with our vision to become a leading player in the Cable Industry.

Featured Product

AllEarth Renewables - The Solar Tracker

AllEarth Renewables - The Solar Tracker

Designed and manufactured in the U.S., the AllEarth Solar Tracker is a complete grid-tied, dual-axis solar electric system that produces up to 45% more electricity than fixed systems. The tracker uses GPS and wireless technology to follow the sun throughout the day for optimal energy production. It has an industry-leading 10 year warranty and 120 mph wind rating, superior snow shedding, and automatic high wind protection. Its simple, durable design and complete system pallet simplifies costly procurement and installation time. Contact us about becoming a dealer partner or purchasing an AllEarth Solar Tracker.