Invest
27 Years
4.4 Star
1 Crore +
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.”
FAQ’s on Dynamic Cables Ltd Shares
