Get latest articles and stories on Business at LatestLY. Jaipur (Rajasthan) [India], February 6: Dynamic Cables Limited (DCL), a Jaipur based leading power cable manufacturer reported sales of Rs 192.3 Crs for Q3 FY24, growth of 25 per cent over Q2FY23. Company reported an EBITDA of Rs 18.0 Crs and PAT of Rs 7.5 Crs during the quarter, up 34.8 per cent and 47.8 per cent on QoQ basis respectively. During Q3 the EBITDA margin was at 9.4 per cent as compared to 8.7 per cent in previous quarter and 9.3 per cent in the same quarter previous year. The management has indicated that India's robust macroeconomic environment, coupled with supportive structural measures and a pickup in private and government capital expenditure, is leading to substantial demand for the company's product range. The rapid pace of urbanization, improved budgetary allocations for capital expenditure, and swift infrastructure expansion further contributes to the positive outlook on the demand trajec
Dynamic Cables Reports Highest Ever Revenue on Quarterly and 9 months Basis
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Dynamic Cables reports highest ever quarterly revenue
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Get latest articles and stories on Business at LatestLY. Dynamic Cables Limited (DCL), a Jaipur based power cable manufacturer announced its result for Q2FY23. Company reported a sale of Rs 173.4 crs, a healthy growth of 30% yoy. In the quarter gone by Company received major breakthrough in its MVCC product and upgradation in RDSO vendor category which will play important role in driving growth of the company. The profits of the company were flat sequentially at Rs.7.2 crs despite a challenging environment due to high volatility in key raw material prices and step-up investment in product development. The management has guided bottoming of operating margins and improvement in profitability going forward. Business News | Dynamic Cables Reports Highest Ever Quarterly Revenue.
Dynamic Cables shares to list on National Stock Exchange
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