Dynamic Cables Limited — Earnings Release 2024

Jul 31, 2024

Naina Digitally signed by Naina Gupta Date: 2024.07.31 17:36:59 +05'30' Gupta

==> picture [344 x 83] intentionally omitted <==

Expanding. Growing. Progressing

 Continuing growth momentum  Robust Order Book

 Capacity expansion

July 31[st] , 2024, Jaipur: Dynamic Cables Limited (DCL), today announced its result for Q1FY25

Q1 Financial Performance Snapshot (YoY)

==> picture [440 x 93] intentionally omitted <==

----- Start of picture text ----- Revenue from Operating Profit Profit After TaxOperations₹ 208.5 Crs ₹ 21.9 Crs ₹ 11.6 Crs+15% +7% +2%----- End of picture text -----

Financial Performance:

(Rs. Crs)

==> picture [444 x 125] intentionally omitted <==

----- Start of picture text ----- Particulars Q1FY25 Q4FY24 Q1FY24 FY24Operating Revenue 208.5 240.9 181.3 768.0Operating Profit 21.9 25.4 20.5 77.3Operating Profit % 10.5% 10.6% 11.3% 10.1%Finance Cost 5.0 5.5 4.4 20.7Depreciation 2.5 2.6 2.0 9.3Other Income 1.2 1.0 0.9 3.5PBT 15.6 18.3 15.0 50.8Income Tax 4.0 4.5 3.6 13.0PAT 11.6 13.8 11.4 37.8----- End of picture text -----

Sharing insights on the results, Mr. Ashish Mangal, Managing Director of Dynamic Cables Limited commented: “I am delighted to announce that our company has achieved its highest ever Quarter 1 revenue, marking a strong start to the year. This robust performance is a testament of our team's unwavering dedication and tireless efforts to deliver superior power cables and exemplary customer service.

I would also take this opportunity to thank to all our investors, more so ever to those who participated in the recently concluded preferential issue. Our endeavor will be to generate higher incremental return on the growth capital received by the company.”

Key operational highlights: Q1FY25

• Revenue growth was ~15.0% for Q1 as compared to same quarter previous year

• Operating margins were stable @ 10.5%. As communicated in Q1FY24 press release, the margin was exceptional in Q1FY24 due to certain high margin supplies, now returning to normalcy.

• Receivable days (calculated on trailing 6 months gross sales) were ~ 80 days in Q1FY25 vs 91 days in Q4FY24.

• Order book stands at ~Rs 468 Crores.

==> picture [344 x 83] intentionally omitted <==

 Borrowing:

==> picture [423 x 113] intentionally omitted <==

----- Start of picture text ----- Particulars (Rs. In Crs) 30 [th] June 2024 31 [st] March 2024 31 [st] December 2023Term Loans from Banks/FIs 8.0 10.0 12.1Other Loans 2.0 2.9 2.4Working Capital Loans 127.6 106.2 120.9Total On-balance sheet Debt 137.6 119.1 135.4LC Creditors (Off- balance sheet) 53.1 60.7 63.5Total Borrowing 190.7 179.8 198.9Less: Cash & equivalents 82.5 31.0 33.5Net Debt 108.2 148.8 165.4----- End of picture text -----

Key strategic developments:

• Conclusion of the preferential allotment of equity shares amounting to Rs 96 crores.

• Expansion of our plant capacity by ~20% with a capex outlay of up to Rs 35 crores at our Reengus plant

About Dynamic Cables Ltd.:

Dynamic Cables Ltd. is manufacturer of power infra cables that includes LV, HV, MV, Power control & instrumentation cables, and signaling cables. It supplies cables to Government Discoms, Private Distribution companies, Private EPC contractors, industrial and Export clients. Company has 3 manufacturing plants are situated at Jaipur and Reengus. Business operations are managed through corporate office in Jaipur and 5 regional sales offices across India.

Disclaimer:

Certain statements in this press release may be forward-looking statements and/or based on management’s current expectations and beliefs concerning future developments and their potential effects upon Dynamic Cables. The forward-looking statements are not a guarantee of future performance and involve risks and uncertainties and there are important factors that could cause actual results to differ, possibly materially, from expectations reflected in such forward-looking statements. Dynamic Cables does not intend, and is under no obligation, to update any forwardlooking statement contained in this press release.