Shilpi Cable Technologies Q1FY17 revenue at Rs. 1128.01cr; up 12%

New Delhi, August 12, 2016: Shilpi Cable Technologies Limited (SCTL), a specialist in a wide variety of cables used in telecom, automotive and energy segment complied with the business of House Wire, Switches, MCB etc in B2C segment, has declared its financial results for the quarter ended June 30, 2016.
Q1FY17 Highlights:

Consolidated:
? Revenues up by 12% to Rs.1128.01 crore in Q1FY17 as against Rs. 1010.88 crore in Q1FY16
? PAT up by 13% to Rs.62.43 crore for Q1FY17 as against Rs.55.49 crore for Q1FY16.

Standalone
? Revenues up by 25% to Rs.532.46 crore in Q1FY17 as against Rs. 427.08 crore in Q1FY16
? PAT up by 26% to Rs.17.45 crore for Q1FY17 as against Rs.13.88 crore for Q1FY16.

Management Comments:
Commenting on the results, Manish Goel, Managing Director, Shilpi Cable Technologies Ltd. said, “We are beginning the financial year on a successful note with 12% growth in revenues compared to the corresponding1st quarter in the last year. All segments have performed well during this quarter. Our focus on consistently increasing our network and new product development using advance research and development techniques have augmented well with our vision to become a billion dollar company by 2020.”
“In the B2C segment, our brand ‘SAFE’ has evoked good response with our presences in 17 states in the country and we shall continue to launch more brands in order to penetrate the B2C segment in coming quarters.
Demand for our products have increased in both domestic and international markets and we shall continue to tap new geographies going forward.” He added further.