New Delhi :  Finolex Cables reported 38.46 per cent rise in net profit at Rs 48.02 crore for the quarter ended June.     Net sales stood at Rs 584.91 crore, up 3.10 per cent.

Meanwhile in a separate filing, Finolex Cables said it plans to enter into the fan business by setting up a new facility and to expand its product facilities with an investment of Rs 125 crore.

The Board also approved “to make additional investment in production facilities at Urse in Pune to expand its cable range. Shares of Finolex Cables closed at Rs 263.30 apiece, up 1.07 per cent from their previous close on the BSE.

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