Dynamic Cables Limited has informed the Exchange about Transcript
DYCL · price
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Dynamic Cables reported its highest-ever Q1 revenue and profitability, with total revenue up 26% year-on-year, operating profit up 23% to Rs. 26.9 crores, and profit after tax growing 57%. Operating margin remained stable at 10.3%, in line with guidance, while volume growth was 28%. Order book stood at a record Rs. 734 crores (up 57% YoY), with power distribution at 62%, exports at 15%, government at 12%, and solar at 11%. Management is expanding capacity with a Rs. 35 crore CAPEX for a new plant in Reengus expected to commission in H2 FY26, which should add Rs. 200-250 crores in incremental revenue. Net debt is Rs. 60 crores, and the company plans to be long-term debt-free by year-end, funded entirely through internal accruals.
Strong Q1 results and a record order book provide good revenue visibility for FY26, while the new plant commissioning and US market entry (expected end FY26/early FY27) could drive the next leg of growth. Margin guidance of 10-10.5% is steady rather than expanding, so the stock is likely to react positively to growth momentum and debt reduction.