Dynamic Cables Reports PAT growth of 59% on the back of Robust Performance
Jaipur (Rajasthan) [India], August 3: Dynamic Cables Limited (DCL), a Jaipur based leading power cable manufacturer reported sales of Rs 181.3 Crs for Q1 FY24, growth of 15% over Q1 FY23. Company reported an...

Jaipur (Rajasthan) [India], August 3: Dynamic Cables Limited (DCL), a Jaipur based leading power cable manufacturer reported sales of Rs 181.3 Crs for Q1 FY24, growth of 15% over Q1 FY23. Company reported an EBITDA of Rs 20.5 Crs and PAT of Rs 11.4 Crs during the quarter, up 44% and 59% on YoY basis respectively. During Q1 the EBITDA margin was at 11.3% as compared to 10.6% in previous quarter and 9.0% in the same quarter previous year. The management guided that favorable macro-economic environment along with supportive structural measures, increase in private capex, import substitution and opening up of export markets is driving the healthy demand for their product range. Witnessing an uptick in capex spends by both government and private sector, company anticipates strong growth momentum to continue in future as well. Company posted healthy order book of Rs 394 Crs as on 30th June 2023.