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Dynamic Cables Results: Latest Quarterly Results & Analysis

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Dynamic Cables Ltd. 28 Oct 2025 14:14 PM
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Q2FY26 Quarterly Result Announced for Dynamic Cables Ltd.

Wires & Cables company Dynamic Cables announced Q2FY26 results

  • Operating Revenue: Rs 281.6 crore compared to Rs 234.1 crore during Q2FY25.
  • PBT: Rs 26.3 crore compared to Rs 18.3 crore during Q2FY25.
  • PAT: Rs 19.6 crore compared to Rs 13.9 crore during Q2FY25.
  • EPS: Rs 4.1 for Q2FY26.

Ashish Mangal, Managing Director, Dynamic Cables, said: “We are pleased to share that our company continues to demonstrate a sustained growth trajectory, building on the momentum of previous quarters. The growth is supported by robust capabilities and a healthy order book, signifying high business visibility and customer confidence. We remain deeply committed to maintaining financial discipline and healthy operational margins as we scale our business.

During the quarter, we witnessed a significant uptick in capex spending by both government and private sectors, driven by increased investments to meet the rising demand for power. We believe this momentum will persist, creating a favourable long-term growth environment for Dynamic Cables. Our ongoing capex program remains well on track to capitalize on these market opportunities.”

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Wires & Cables company Dynamic Cables announced Q1FY26 results

  • Revenue growth was ~ 26% for Q1FY26 as compared to Q1FY25.
  • Receivable days (calculated on trailing six-month gross sales) was ~ 68 days in Q1FY26.
  • Export sales was Rs 24 crore in the quarter. In addition, deemed export during the quarter was Rs 16 crore.
  • Order book stands at ~ Rs 734 crore as on 30th June 2025 v/s Rs 468 crore on 30th June 2024.
  • Order book driven by power utilities/EPC, export and renewable segments.
  • New plant construction is on track, machines are in transit. Plant to be commissioned in H2FY26.

Ashish Mangal, Managing Director of Dynamic Cables, said: “We are delighted to report that we have achieved our highest-ever Q1 performance across Revenue, Operating Profits, and PAT — a clear reflection of our consistent focus on execution excellence, operational efficiency, and strategic discipline. This strong start to the financial year is driven by healthy domestic demand across both government and private sector projects in power distribution and renewable energy, supported by sustained sectoral momentum. Despite geo political issues our export contribution remained consistent around 10%.

Looking ahead, we remain committed to capitalizing on emerging opportunities across our core markets, aided by favorable policy developments and rising infrastructure investments. With a robust order book, a clear growth roadmap, and a strong emphasis on execution, we are confident in our ability to maintain this momentum and create long-term value for all stakeholders.”

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Wires & Cables company Dynamic Cables announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Operating Revenue: Rs 331.2 crore vs Rs 240.9 crore in Q4FY24 ( 37.5%)
  • Operating Profits: Rs 34.2 crore vs Rs 25.4 crore in Q4FY24 ( 34.6%)
  • Operating Margin: 10.3% vs 10.6% in Q4FY24
  • Profit Before Tax (PBT): Rs 30.7 crore vs Rs 18.3 crore in Q4FY24 ( 67.8%)
  • Profit After Tax (PAT): Rs 23.6 crore vs Rs 13.8 crore in Q4FY24 ( 71.0%)
  • Earnings Per Share (EPS): Rs 9.7 vs Rs 6.3 in Q4FY24 ( 53.9%)

FY25 Financial Highlights:

  • Operating Revenue: Rs 1,025.4 crore vs Rs 768.0 crore in FY24 ( 33.5%)
  • Operating Profits: Rs 105.4 crore vs Rs 77.3 crore in FY24 ( 36.3%)
  • Operating Margin: 10.3% vs 10.1% in FY24
  • Profit Before Tax (PBT): Rs 85.7 crore vs Rs 50.8 crore in FY24 ( 68.7%)
  • Profit After Tax (PAT): Rs 64.8 crore vs Rs 37.8 crore in FY24 ( 71.4%)
  • Earnings Per Share (EPS): Rs 27.3 vs Rs 17.2 in FY24 ( 58.7%)

Ashish Mangal, Managing Director, Dynamic Cables, said: “FY25 has been a breakthrough year for Dynamic Cables Limited wherein we crossed Rs 1,000 crore revenue, a major milestone for all of us. We have continued our track record of consistent performance, and our operating profit has surpassed Rs 100 crore for the first time. Further Our strong order book underlines the confidence our customers place in us and strengthens our market position. Our cash flow from operations stood at Rs. 56 crore marked by working capital optimisation through financial discipline and favourable tailwinds.

We enter the new fiscal year with strong momentum. With additional manufacturing capacity scheduled to be commissioned, we are well-prepared to meet the accelerating demand from both public and private sector investments in power infrastructure and renewable energy sector. Dynamic Cables is well positioned with a robust product portfolio, pan-India presence, international reach, and institutional approvals to capitalize on long-term sectoral growth and continue delivering sustainable value to our stakeholders.”

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Electrical Equipment & Products company Dynamic Cables announced Q3FY25 results

  • Revenue from Operations: Rs 251.5 crore compared to Rs 192.3 crore during Q3FY24, change 31% YoY.
  • Operating Profit: Rs 25.6 crore compared to Rs 18.02 crore during Q3FY24, change 42% YoY.
  • Operating Margin: 10.2% for Q3FY25.
  • PAT: Rs 15.8 crore compared to Rs 7.5 crore during Q3FY24, change 110%.

Ashish Mangal, Managing Director of Dynamic Cables, said: “We are pleased to share a strong and consistent performance this quarter, achieving our highest-ever revenue and profits. This milestone reflects our commitment to our meticulous execution and compliance framework. The strong order book reflects the trust and confidence our customers have in our capabilities, underscoring our solid market presence. Our new growth areas will serve as a firm foundation for driving sustained growth. Our focus on financial discipline has yielded positive results, enabling us to achieve a meaningful reduction in company’s overall debt. Simultaneously, our capacity debottlenecking initiatives have enhanced our production efficiency and ensured that we are wellprepared to meet our supply schedules.

We are positive on the long-term growth opportunity within the power infrastructure investments driven by strong tailwinds related to rural electrification, underground cabling, and migration to high voltage lines to cater the increased per capita power consumption. Power distribution has attracted large investments from private sector in last decade, which has been beneficial for us due to our long-term association with the large private corporate groups active in our space. Our robust order book, should ensure the momentum of sustain growth and create consistent value for all our stakeholders.”

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Electrical Equipment & Products company Dynamic Cables announced H1FY25 & Q2FY25 results

  • Revenue growth was ~ 32% for H1FY25 as compared to H1FY24.
  • Operating margins were stable @ 10.30%. for H1FY25.
  • Export contributed 7.4% in total revenue from operations in H1FY25. The same is expected to improve in H2FY25.
  • Receivable days (calculated on trailing 6 months gross sales) were ~ 70 days in Q2FY25 vs 80 days in Q1FY25.
  • Cash Flow from Operations increased to Rs 14.87 crore.
  • Order book stands at ~Rs 595.40 crore.

Ashish Mangal, Managing Director of Dynamic Cables said: “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 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 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.”

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Electricals Equipments & Products company Dynamic Cables announced Q1FY25 results:

  • Revenue growth was ~15.0% for Q1 as compared to same quarter previous year
  • Operating margins were stable @ 10.5%. As communicated in Q1FY24 press release, the margin was exceptional in Q1FY24 due to certain high margin supplies, now returning to normalcy.
  • Receivable days (calculated on trailing 6 months gross sales) were ~ 80 days in Q1FY25 vs 91days in Q4FY24.
  • Order book stands at ~Rs 468 crore. 

Sharing insights on the results, Ashish Mangal, Managing Director of Dynamic Cables Limited commented: “I am delighted to announce that our company has achieved its highest ever Quarter 1 revenue, marking a strong start to the year. This robust performance is a testament of our team's unwavering dedication and tireless efforts to deliver superior power cables and exemplary customer service.

I would also take this opportunity to thank to all our investors, more so ever to those who participated in the recently concluded preferential issue. Our endeavor will be to generate higher incremental return on the growth capital received by the company.”

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Electrical Products company Dynamic Cables announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue growth was ~35% for Q4 as compared to same quarter previous year and ~25% on QoQ basis.
  • Operating margins have expanded to 10.6% in Q4, increasing sequentially from 9.4% in Q3FY24
  • PAT have grown ~ 38% to Rs 13.8 crore as compared to previous quarter.
  • Receivable days (calculated on trailing 6 months gross sales) were ~ 91 days in Q4FY24.
  • Order book stands at ~Rs 521 Crores as on 31st March 2024. Healthy order book indicates continuation of growth momentum.

FY24 Financial Highlights:

  • Completed brownfield expansion of Reengus plant, thereby increasing manufacturing capacity by ~25% of our existing capacity.
  • ROCE and ROE for the year was 21.5% and 17.7% respectively
  • Export sales contributed ~12% of total sales
  • Received credit rating upgrades from Crisil and India Ratings, now standing at A-, up from BBB .
  • Company has recommended a final dividend of 5% of face value. i.e, Rs 0.50/- per share, subject to shareholders approval
  • Inventory increased by Rs 38 crores [Rs 126.60 crore as on 31.03.2024 v/s 88.60 crore 31.03.2023], was commensurate with increase in the order book to Rs 521 crore v/s Rs 331 crore.

Sharing insights on the results, Ashish Mangal, Managing Director of Dynamic Cables Limited commented: “We are delighted to announce the conclusion of the financial year 2024 on a strong foothold, marking a robust foundation for our future endeavors. Throughout the year, we have set new benchmarks and achieved strong revenue growth, reaffirming our position in the market. Our team showcased remarkable resilience and adaptability, capitalizing on industry demand dynamics. We are increasing our focus on cost management and working capital management. During last year, our endeavors to reduce finance cost fructified with enhancement in credit rating resulting in significant reduction in our financing cost.

Moreover, we expect our solid performance to remain steadfast, supported by substantial investments in power infrastructure development by Government alongside private sector players. The upward trend observed in sectors such as infrastructure, construction, railways, electric vehicles and both renewable and non-renewable energy is fueling the demand for power and power cables. At Dynamic Cables, our wide-ranging product portfolio, nationwide presence, and global reach, coupled with approvals from various domestic and international agencies, position us favorably to make significant contributions to these national development initiatives. Furthermore, our continually expanding order book, reflects the trust our clients have in our capabilities, further strengthening our outlook for sustained growth. The resilience demonstrated by the power cables sector in recent quarters indicates strong potential for continuous growth in the foreseeable future.”

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Other electrical equipment/products company Dynamic Cables announced Q1FY24 results:

  • Revenue growth was at 15% YoY and 2% QoQ
  • EBITDA margin at 11.3%, growth in the margins on both YoY and QoQ basis were on account of favourable revenue mix and softening of input cost
  • Debtors outstanding as on June 30, 2023 was Rs 180.5 crore
  • Receivable days (calculated on trailing 6 months gross sales) were at 77 days vs 83 days in Q4FY23
  • Order book stands at Rs 394 crore vs Rs 331 crore as March 31, 2023

Commenting on the results, Ashish Mangal, Managing Director of Dynamic Cables commented: “We are delighted to report strong performance in the first quarter of FY24, with a 15% increase in revenue and 59% increase in PAT compared to the previous year same quarter. In the quarter gone by we did exports of Rs 57.5 crore which was significantly higher as compared to our historical trends. We foresee a healthy business environment and long-term demand growth for power cables driven by multiple macro tailwinds.”

 

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