New Delhi, Feb. 14 -- The smallcap IT company announced its October-December quarter of fiscal 2024-25 (Q3FY25) on Tuesday, February 12, reporting a drop of 27.4 per cent in net profit to Rs.117 crore, compared to Rs.161 crore in the corresponding period last year. The stock declined five per cent to hit an intraday low of Rs.503.10 after opening at Rs.527.65 apiece on the BSE.

On Tuesday, shares of Finolex Cables opened at Rs.878.45 and gained 3.48 per cent to hit an intra day high of Rs.909.05 apiece against a 52-week high of Rs.1,219.10 on the BSE. Shares settled 0.92 per cent higher at Rs.883.70 apiece on the BSE. Finolex Cables is the country's largest manufacturer of electrical (80 per cent of revenue) and telecommunication cables ...