Dynamic Cables Limited — Interim / Quarterly Report 2025

Jan 28, 2025

Naina Digitally signed by Naina Gupta Date: 2025.01.28 16:44:50 +05'30' Gupta

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Powering Growth Momentum

 Highest Ever 9 Month Revenue & PAT  Ever Highest Order Book

 Debottlenecking initiatives to improve productivity

January 28[th] , 2025, Jaipur: Dynamic Cables Limited (DCL), today announced its result for Q3 & 9M FY25

Q3 Financial Performance Snapshot (YoY)

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Revenue from Operating Profit Operating Margin Profit After Tax
Operations
₹ 251.5 Crs ₹ 25.6 Crs 10.2% ₹ 15.8 Crs
+31% +42% +79 bps +110%
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Financial Performance:

(Rs. Crs)

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Particulars Q3FY25 Q2FY25 Q3FY24 9MFY25 9MFY24 FY24
Operating Revenue 251.5 234.1 192.3 694.2 527.1 768.0
Operating Profit 25.6 23.7 18.02 71.2 51.8 77.3
Operating Profit % 10.2% 10.1% 9.4% 10.3% 9.8% 10.1%
Finance Cost 3.8 4.5 6.1 13.2 15.2 20.7
Depreciation 2.8 2.7 2.5 8.0 6.6 9.3
Other Income 2.1 1.8 0.9 5.1 2.5 3.5
PBT 21.0 18.3 10.3 55.0 32.5 50.8
Income Tax 5.2 4.5 2.8 13.7 8.5 13.0
PAT 15.8 13.9 7.5 41.3 24.0 37.8
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Sharing insights on the results, Mr. Ashish Mangal, Managing Director of Dynamic Cables Limited commented: “We are pleased to share a strong and consistent performance this quarter, achieving our highest-ever revenue and profits. This milestone reflects our commitment to our meticulous execution and compliance framework. The strong order book reflects the trust and confidence our customers have in our capabilities, underscoring our solid market presence. Our new growth areas will serve as a firm foundation for driving sustained growth. Our focus on financial discipline has yielded positive results, enabling us to achieve a meaningful reduction in company’s overall debt. Simultaneously, our capacity debottlenecking initiatives have enhanced our production efficiency and ensured that we are wellprepared to meet our supply schedules.

We are positive on the long-term growth opportunity within the power infrastructure investments driven by strong tailwinds related to rural electrification, underground cabling, and migration to high voltage lines to cater the increased per capita power consumption. Power distribution has attracted large investments from private sector in last decade, which has been beneficial for us due to our long-term association with the large private corporate groups active in our space. Our robust order book, should ensure the momentum of sustain growth and create consistent value for all our stakeholders.”

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Key operational highlights:

• Revenue growth was ~ 32% for 9MFY25 as compared to 9MFY24

• Operating margins were stable @ 10.3% for 9MFY25

• PAT margins improved to ~ 6 %

• Receivable days (calculated on trailing 6 months gross sales) were ~ 67 days in Q3FY25 vs 70 days in Q2FY25.

• Order book stands at ~Rs 682.92 Crores.

• Borrowing:

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Particulars (Rs. In Crs) 31 [st] Dec 2024 30 [th] Sep 2024 30 [th] June 2024
Term Loans from Banks/FIs 5.0 6.9 8.0
Other Loans 0.5 0.9 2.0
Working Capital Loans 89.6 110.0 127.6
Total On-balance sheet Debt 95.1 117.7 137.6
LC Creditors (Off- balance sheet) 29.5 43.7 53.1
Total Borrowing 124.6 161.4 190.7
Less: Cash & equivalents 88.2 107.8 82.5
Net Debt 36.4 53.6 108.2
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*Includes FDR amount of Rs 30.9 Crs earmarked against BG & LC limits

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.