CMI Limited announces Q3 results
CMI Ltd the leading specialty cables manufacturer announced its unaudited financial results for the quarter ended 31st December 2015. The revenues are at Rs 66.44 crore in Q3 2015-2016 as against Rs 36.78 crore in Q3 of 2014-15, marking an increase of 80.66%. The revenues have also increased by over 15% on a QoQ basis, up from Rs 57.57 crore in Q2 2015-16. The profit after tax (PAT) at Rs 4.81 crore in Q3 2015-2016, against Rs 2.01 crore in Q3 of 2014-15, marked an increase of 139% in profitability. The PAT has also increased by over 19.66% on a QoQ basis, up from Rs 4.02 crore of Q2 2015-16. The earning per share (EPS) was Rs 3.54 in the quarter ended 31 December 2015, up from Rs 1.97 in Q3, 2014-15, marking an increase of 79.7%.