Dynamic Cables Q1 FY27: revenue up 33%, EBITDA margin 10.9%, US entry
DYCL · price
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Dynamic Cables posted highest ever Q1 revenue up 33% YoY. EBITDA grew 41% to INR38 crores with margin improving to 10.9%. PAT rose 37% to INR25 crores. Order book stands at INR811 crores, up about 10% YoY. Company entered US markets this quarter via distribution-led model. New plant commissioning from September 2026 with about INR45 crores capex, targeting 80-85% utilization by end FY28. Solar cables around 20% of revenue. Mix: HV cables 68%, LV 30%, conductor 2%. Sales mix: private 71%, government 16%, exports 13%. Volume growth was 5-6%.
Strong quarter with record Q1 revenue and EBITDA margin expansion. US entry and capacity expansion provide growth levers. Order book growth slowing at 10% YoY is a watch point.