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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.
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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