Dynamic Cables announced its result for Q4 and FY 23, Surpasses all Past Performances
Revenue up 19% YOY Coming out of Margin Overhang in Q4 Declared 5% dividend Jaipur (Rajasthan) [India], May 24: Dynamic Cables Limited (DCL), a leading Jaipur-based power cable manufacturer, announced its result for Q4 and FY 23. The company reported sales of Rs 178.5 Crs for Q4 FY23 and Rs 668.6 Crs for FY23, with a healthy growth of 18.6% on a […]
Revenue up 19% YOY
Coming out of Margin Overhang in Q4
Declared 5% dividend
Jaipur (Rajasthan) [India], May 24: Dynamic Cables Limited (DCL), a leading Jaipur-based power cable manufacturer, announced its result for Q4 and FY 23. The company reported sales of Rs 178.5 Crs for Q4 FY23 and Rs 668.6 Crs for FY23, with a healthy growth of 18.6% on a yearly basis. The company reported an EBITDA of Rs 62.8 Crs and PAT of Rs 31 Crs during the financial year. During Q4, the EBITDA margin was 10.6% as compared to 9.3% in the previous quarter. The management has guided that they are witnessing a healthy uptick in demand from both government and private sector and expects it to continue for the mid to long term, which augurs well for the company’s growth. During the year, the company also stepped up their product development initiatives, and in addition to growing the Railway Signaling segment company is also working on a few other new-age products like covered conductors and EV cables to fuel the future growth momentum. The company believes going forward, these products will help them in expanding the topline and will drive growth in margins.
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