Cable stock engaged in the manufacturing of power infra cables that include LV, HV, MV, Power control & instrumentation cables, and signaling cables, jumped 18 percent in the day’s trade following robust Q2FY25 results with a 173 percent jump in Net Profits.
Price Action
With a market capitalization of Rs. 1,554 Crores, the shares of Dynamic Cables Limited were trading at Rs. 643.15 per equity share, up 13 percent from its previous day’s close price of Rs. 568.75.
Q2FY25 Results
Its Revenue from operations grew by 53 percent YoY from Rs. 153.5 Crores in Q2FY24 to Rs. 234.14 Crores in Q2FY25 and it grew by 12 percent QoQ from Rs. 208.54 Crores in Q1FY25 to Rs. 234.14 Crores in Q2FY25.
Its Net Profit grew by 173 percent YoY from Rs. 5.08 Crores in Q2FY24 to Rs. 13.85 Crores in Q2FY25 and it grew by 20 percent QoQ from Rs. 11.59 Crores in Q1FY25 to Rs. 13.85 Crores in Q2FY25. Its Net Profit Margin increased from 3.29 percent in Q2FY24 to 5.87 percent in Q2FY25.
In Addition, Dynamic Cables Limited has considered and approved the launch of its new product Solar Power Cable adding to its portfolio of products.
Management Message
Sharing insights on the results, Mr. Ashish Mangal, Managing Director of Dynamic Cables Limited commented: “We are delighted to announce our company’s sustained growth trajectory from the previous quarters and strong business visibility indicated by our record order book. We continue our commitment towards financial discipline and operational margins in our growth journey.
During the quarter we have seen a good uptick in capex spending both by government and private sector derived from increased investment to keep pace with the growing power consumption. We believe that the momentum will continue in the future, providing a sound long-term growth opportunity for Dynamic Cables.
Our capex program is on track to make use of the market opportunity. The robust order book combined with our order fulfillment capacity provides a solid foundation for sustainable growth and strong visibility into future performance.
In view of the growing transition towards renewable energy, we are happy to announce the launch of Direct Current (DC) solar cables extensively used in solar power plants. Moving forward, we will continue to prioritize process optimization, capacity enhancement, and team development to drive operational excellence and support our ongoing growth strategy.”
About the Company
Dynamic Cables Limited is a manufacturer of power infra cables that include LV, HV, MV, Power control & instrumentation cables, and signaling cables. It supplies cables to Government Discoms, Private Distribution companies, Private EPC contractors, and industrial and Export clients. It has 3 manufacturing plants are situated at Jaipur and Reengus.
Written By: Bharath KS
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