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Dynamic Cables Reports Q2: Revenue Up by 52.53% Year-on-Year

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Highlights

  • The presented financial data is Standalone to provide a comprehensive overview of the company performance.
  • Sales over the Year and quarter: The company experienced a substantial growth of 52.53 % in the past year, substantial increase in net sales/revenue by 12.27 %.
  • Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 135.99 %. Marginal increase in other income during this quarter, up by 48.03%.
  • Profit over the Year and quarter: Significant improvement in profitability for Dynamic Cables Limited. Notable increase of 172.23 % in net profit Year to Year, Dynamic Cables Limited’s profitability increased by 19.44 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 147.62 % Year to Year. EPS increased by 9.79 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Dynamic Cables Limited‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 153.507 Cr Rs. 208.548 Cr Rs. 234.145 Cr + 12.27 % + 52.53 %
Expenses Rs. 140.14 Cr Rs. 186.68 Cr Rs. 210.41 Cr + 12.71 % + 50.14 %
Operating Profit Rs. 13.37 Cr Rs. 21.87 Cr Rs. 23.74 Cr + 8.55 % + 77.56 %
OPM % 8.71 % 10.49 % 10.14 % -0.35 % + 1.43 %
Other Income Rs. 0.764 Cr Rs. 1.218 Cr Rs. 1.803 Cr + 48.03 % + 135.99 %
Interest Rs. 4.73 Cr Rs. 4.95 Cr Rs. 4.53 Cr -8.48 % -4.23 %
Depreciation Rs. 2.18 Cr Rs. 2.52 Cr Rs. 2.66 Cr + 5.56 % + 22.02 %
Profit before tax Rs. 7.22 Cr Rs. 15.62 Cr Rs. 18.35 Cr + 17.48 % + 154.16 %
Tax % 29.62 % 25.74 % 24.48 % -1.26 % -5.14 %
Net Profit Rs. 5.09 Cr Rs. 11.6 Cr Rs. 13.85 Cr + 19.4 % + 172.1 %
EPS in Rs Rs. 2.31 Rs. 5.21 Rs. 5.72 + 9.79 % + 147.62 %


Today, we’re looking at Dynamic Cables Limited’s financial performance for the Q2(Sep 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 52.53 %. However, it did see a marginal increase of 12.27 % from the previous quarter. Expenses ticked up slightly by 12.71 % quarter-on-quarter, aligning with the annual rise of 50.14 %. Operating profit, while up 77.56 % compared to last year, faced a quarter-on-quarter increase of 8.55 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.43 %, but a shrinkage of -0.35 % sequentially. Other income rose by 48.03 % compared to the last quarter, despite an annual growth of 135.99 %. Interest expenses dropped significantly by -8.48 % from the previous quarter, yet the year-over-year decrease remains at a moderate -4.23 %. Depreciation costs climbed by 5.56 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 22.02 %. Profit before tax grew annually by 154.16 % but saw an increase from the preceding quarter by 17.48 %.
Tax expenses as a percentage of profits decreased slightly by -5.14 % compared to last year, with a more notable quarter-on-quarter decrease of -1.26 %. Net profit rose by 172.1 % year-on-year but experienced a 19.4 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 147.62 % but a quarterly rise of 9.79 %. In summary, Dynamic Cables Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 153.507 Cr Rs. 208.548 Cr Rs. 234.145 Cr + 12.27 % + 52.53 %
Expenses Rs. 140.14 Cr Rs. 186.68 Cr Rs. 210.41 Cr + 12.71 % + 50.14 %
Operating Profit Rs. 13.37 Cr Rs. 21.87 Cr Rs. 23.74 Cr + 8.55 % + 77.56 %
Net Profit Rs. 5.09 Cr Rs. 11.6 Cr Rs. 13.85 Cr + 19.4 % + 172.1 %
EPS in Rs Rs. 2.31 Rs. 5.21 Rs. 5.72 + 9.79 % + 147.62 %


In reviewing Dynamic Cables Limited’s 2024(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 52.53 % year-on-year growth, however, there was a minor increase of 12.27 % from the previous quarter. Expenses rose by 50.14 % compared to the previous year, with a 12.71 % increase quarter-on-quarter. Operating Profit surged by 77.56 % annually, and saw a 8.55 % increase from the last quarter.
Net Profit showed yearly increase of 172.1 %, and experienced a 19.4 % increase from the previous quarter. Earnings Per Share (EPS) rose by 147.62 % annually, however rose by 9.79 % compared to the last quarter. In essence, while Dynamic Cables Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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