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Cable Manufarurer CMI Annouces Interim Dividend Of 10%

CMI, cables manufacturer, has announced its first ever interim dividend of 10 per cent. The revenues were at Rs 57.5 crore in Q2 2015-2016, an increase by over 79 per cent on a YoY basis, up from Rs 32.08 crore of Q2 2014-15. The revenues also marked an increase of 27 per cent on a QoQ basis as against Rs 45.32 crore of Q1 of 2015-16.

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CMI, cables manufacturer, has announced its first ever interim dividend of 10 per cent. The revenues were at Rs 57.5 crore in Q2 2015-2016, an increase by over 79 per cent on a YoY basis, up from Rs 32.08 crore of Q2 2014-15. The revenues also marked an increase of 27 per cent on a QoQ basis as against Rs 45.32 crore of Q1 of 2015-16.

“We are very happy to announce our maiden interim dividend. With our order book robust, our expansion plans on track and our inorganic growth better than expected, we expect better than ever year”, said, Amit Jain, Chairman and Managing Director, CMI Limited. In the last quarter, CMI took over two facilities: One of FL Smidth at Bawal in Haryana and the second of General Cables Corporation at Baddi in Himachal Pradesh.

The Profit after Tax (PAT) at Rs 4.02 crore in Q2 2015-2016, as against Rs. 1.17 crore in Q2 of 2014-15, marked an increase of 244 per cent in profitability. The PAT has also increased by over 42 per cent on a QoQ basis, up from Rs 2.84 crore of Q1 2015-16.

The earning per share (EPS) was Rs. 3.26 in the quarter ended 30 September 2015, up from Rs 2.48 in Q1, 2015-16. The EPS for Q2 of 2014-2015 was Rs 1.17.


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cmi limited interim dividend revenue Cables manufacturer