Corporate Results
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Electrical Goods
Demand surge boosts Universal Cables’ Q3 net, turnover
Our Bureau
Kolkata, Jan. 30
Riding on a robust growth powered by tripling of capacity to 1.5 million fibre km per annum to meet the surging demand for optic fibre cables, Universal Cables (a MP Birla Group company), for the quarter ended December 31, 2007, has recorded a 16 per cent increase in profit after tax to Rs 5.80 crore (Rs 5 crore in the same quarter of previous fiscal).
Total income from operations for the quarter under review has jumped by 50 per cent to Rs 149.55 crore (Rs 99.78 crore). Net sales has climbed to Rs 129.82 crore (Rs 87.64 crore). Interest costs have also increased to Rs 4.36 crore (Rs 1.54 crore).
Larger volumes
Elaborating on the company’s technological upgradation-cum-expansion project, using Vertical Continuous Vulcanisation (VCV) process — said to be a first in the country for manufacture of XLPE power cables — Mr R.S. Lodha, Chairman, said here on Tuesday that the project has been stabilised with required product quality. He said the company was aiming at larger business volumes in Extra High Voltage (EHV) cable arena for which concentrated efforts are required.
According to him, the ongoing technology transfer from Furukawa Electric of Japan has put Universal Cables in the forefront in the EHV power cables industry.
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