This Wires & Cables Manufacturer Stock is in focus after it received a Bureau of Indian Standards (BIS) license to manufacture and test electric cables that are used in the solar energy sector.
Share Price Movement
With a market capitalization of Rs. 1,381 Crore, the stock of Dynamic Cables Limited opened at Rs. 560, down 0.84 percent from yesterday’s close, but after opening, it made a high of Rs. 577.45, up 2.24 percent. Additionally, the Yearly return for the stock is 47.54 percent, and the past 3-year return is an impressive 281 percent.
Update from Company
The Bureau of Indian Standards (BIS), which is the national standards body of India, has granted a license to manufacture and test electric cables ( Solar DC Cables) for Photovoltaic Systems. These cables are used to connect various components, such as solar panels, inverters, and batteries. The license is valid till March 26, 2026.
Financial Highlights
The company reported a 31.25 percent YoY increase in revenue from Rs. 192 Crore in Q3FY24 to Rs. 252 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 7.69 percent in revenue from Rs. 234 Crore in the previous quarter.
Their Net profit saw an increase of 100 percent YoY from Rs. 8 Crore to Rs. 16 Crore for the same period. On a QoQ basis, the company reported an increase of 14.28 percent in Net profit from Rs. 14 Crore in the previous quarter.
About the Company
Dynamic Cables Limited is a leading Indian manufacturer specializing in a diverse range of cables and conductors used for electricity transmission and distribution. Established in 1986 and headquartered in Jaipur, Rajasthan, the company offers products including low, medium, and high-voltage power cables, aerial bunched cables, aluminum conductors, and solar cables.
Written By Abhishek Das
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