Cords Cable Industries Reports Strong Q3 FY24-25 Results with Improved Financial Metrics

Cords Cable Industries has recently reported its financial results for the quarter ending December 2024, showcasing a very positive performance for Q3 FY24-25. The company has experienced a notable adjustment in its evaluation, with its score rising to 29 from 19 over the past three months.
Key highlights from the financial results indicate that Cords Cable has achieved its highest operating profit to interest ratio in the last five quarters, now standing at 2.47 times, reflecting an enhanced capacity to manage interest obligations. The profit before tax, excluding other income, reached Rs 5.58 crore, marking a significant year-on-year growth of 66.07%. Similarly, profit after tax also showed strong performance, amounting to Rs 4.68 crore, which is a 58.6% increase year-on-year.

Net sales have reached Rs 205.40 crore, the highest in the last five quarters, with a year-on-year growth of 22.31%. The operating profit has also peaked at Rs 12.86 crore, indicating a robust operational performance. Additionally, the company has improved its liquidity position, with cash and cash equivalents at Rs 27.18 crore, and has reduced its debt-equity ratio to 0.44 times, the lowest in recent periods.

Overall, Cords Cable Industries is demonstrating strong financial health and operational efficiency.

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