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Vindhya Telelinks Limited and Birla Cables Limited
Flagship companies of the MP Birla group, Vindhya Telelinks Limited and Birla Cables Limited, cater to the telecom industry.

Vindhya Telelinks Limited has emerged as a leading manufacturer and supplier of jelly-filled telecommunication cables, as well as of optical fiber telecommunication cables and connectorized cable products. Its Engineering, Procurement, and Construction (EPC) business offers complete services for engineering, design, procurement, supply, construction, installation, testing, and commissioning for telecom/power/gas pipeline segments.

Vindhya Telelinks Limited

Consolidated financial statement

Profit and loss statement

crore April-Sep 2021 April-Sep 2020 FY21
Revenue from operations 663.94 608.33 1502.05
Other income 11.35 48.12 55.31
Total income 675.29 656.45 1557.36
Total expenses 615.52 577.35 1394.30
Profit for the period 102.84 97.01 270.08
EPS (₹) 86.78 81.86 227.90

 

Under the company’s IP-1 license for creating the complete optical fiber cable network, various telecom operators have been enjoying the use of network created by the company, and more network is being created to give the services on a continuous basis to the end-users. The company is also involved in giving the operations and maintenance (O&M) services in maintaining the telecom networks apart from system integration (SI) as well.

Balance sheet

₹ crore April-Sep
2021
FY21
Current assets 1866.20 2082.05
Non-current assets 3165.11 2939.30
Total assets 5031.31 5021.36
Total equity 3096.91 2880.92
Total liabilities 1934.40 2140.45
Total equity and liabilities 5031.31 5021.37

 

In 2020-21, VTL achieved revenue from operations of ₹1502.05 crore as compared to ₹1883.19 crore in the previous year, a decline of about 20.24 percent, mainly due to the challenges posed by the COVID-19 pandemic and associated economic slowdown during the first half of the financial year. In terms of segmental basis, the EPC business segment registered a decline in revenue of 28.56 percent because of bottlenecks faced in the first half in rollout of projects whereas cable business segment has registered an increase of 6.82 percent in revenue in comparison with the previous financial year due to increased volume of business in specialty cables and associated equipment/accessories achieved during the second half of the financial year. The profit before depreciation and tax for the year stood at lower level of ₹15,583.36 lakh as compared to ₹18,205.48 lakh in the previous year, primarily because of higher commodity prices and overall lower revenue from operations on account of economic and social disruptions caused due to pandemic.

Revenue by segments

crore April-Sep 2021 April-Sep 2020 FY21
Cables 312.73 137.28 481.93
Engineering, procurment & construction 431.3 480.71 1103.48

The company’s revenue from operations on account of sale of products, comprising of telecommunication cables, other wires and cables, FRP rod/glass rovings and traded goods, etc., increased from ₹451.17. crore in the previous year to ₹481.93 crore. Revenue from sale of telecom cables stood at ₹452.93 crore on March 31, 2021, as compared to ₹333.39 crore on March 31, 2020:

Birla Cables Limited’s main business activities are manufacturing and sale of all types of optical fiber cables, copper communication cables, structured copper cables, specialty cables, and allied accessories.

Birla Cables Limited

Consolidated financial statement (Unaudited)

April-September

crore 2021 2020 YoY
Total income 231.56 125.79 94.09%
Profit for the year 6.66 1.59 319.78%
EPS (₹) 2.22 0.53 318.87%

FY21. There is a reasonable increase in OFC business which reached the level of ₹165.09 crore during the financial year 2020-21 as compared to ₹121.38 crore in the previous year due to nominal increase in off-take, especially from the long-term customers of the company from the exports segment. Out of this, exports also played an important contributor and it stood at the level of ₹119.50 crore during the financial year 2020-21.

Profit and loss statement

crore FY2021 FY2020
Revenue from operations 328.52 223.07
Other income 1.83 2.26
Total income 330.36 225.33
Total expenses 319.40 225.02
Profit for the year 8.2 1.02
EPS (₹) 2.73 0.34

The company’s sales turnover from copper cables and structured cables witnessed a fair jump during the financial year 2020-21 increasing to ₹152.80 crore during the financial year under review as compared to ₹93.94 crore in the previous year.

Consolidated balance sheet

crore FY2021 FY2020
Current assets 219.88 181.94
Non-current assets 96.79 98.58
Total assets 316.68 280.53
Total equity 168.31 155.79
Total liabilities 148.37 124.74
Total equity and liabilities 316.68 280.53

The revenue from operations increased by 47.27 percent to ₹328.52 crore during the financial year 2020-21 as compared to ₹223.07 crore during the previous year, primarily due to reasonable increase in order flow, especially from the long-term customers.

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