Dynamic Cables Q4 profit up 18% to Rs 10 cr, income grows to Rs 179.60 cr

Dynamic Cables said on Tuesday that its consolidated net profit increased by 17.92 per cent to around Rs 10 crore during the quarter ended March 31, buoyed by higher income.

The company said in a regulatory filing that it posted a net profit of Rs 8.48 crore in the January-March quarter of FY22.

The company’s total income rose to Rs.179.60 crore from Rs.173.28 crore in the fourth quarter of last year.

Company expenses were at Rs.166.54 crore, as against Rs.161.90 crore a year earlier.

The company’s board of directors has approved a final dividend of Rs 0.50 per share of Rs 10 each for FY23, according to a statement.

In a separate statement, the company said, “It had sales of Rs. 178.5 crore for the fourth quarter of FY23 and Rs. 668.6 crore for FY23. During the fourth quarter, EBITDA margin was 10.6 per cent compared to 9.3 per cent in the quarter. Previous (October-December 2022).

“We have concluded the financial year 2023 on a positive note. Achieving such growth despite the elevated and volatile commodity price environment demonstrates the demand environment that exists in the industry,” said Ashish Mangal, Managing Director, Dynamic Cables Limited.

Dynamic Cables Ltd is a manufacturer of power cables which includes power and instrument control cables, flexible and industrial cables, solar cables and railway signaling cables.