Q1 FY27 transcript: record Q1 revenue up 33% YoY, US entry begins, new plant in September
DYCL · price
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Dynamic Cables reported highest ever Q1 revenue up 33% YoY. EBITDA rose 41 percent to INR38 crore with margin improving to 10.9 percent. PAT grew 37 percent to INR25 crore. Order book stood at INR811 crore. Company made first shipments to the US, marking entry into a new geography. New INR45 crore plant to commission in September 2026, targeting 80 to 85 percent utilization by end of FY28. Solar cables contribute 20 percent of revenue. Volume growth was only 5 to 6 percent as most growth was price-led by higher aluminum. Long term growth guidance maintained at 18 to 20 percent.
Record quarter with margin expansion. US entry and new capacity add long term growth optionality. Volume growth modest, watch order book and aluminum prices.