Business News/ Companies / Company Results/  Dynamic Cables Q4 net profit zooms 18% to 10 Cr, 5% final dividend declared

Dynamic Cables on Tuesday said its consolidated net profit climbed a 17.92 per cent to around 10 crore during the quarter ended March 31, boosted by higher income.

It had clocked a net profit of 8.48 crore in the January-March quarter of FY22, the company said in a regulatory filing.

The company's total income rose to 179.60 crore, from 173.28 crore in the fourth quarter a year-ago.

The expenses of the company stood at 166.54 crore, as against 161.90 crore a year ago.

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

In a separate statement, the company said, "its sales were at 178.5 crore for Q4 FY23 and 668.6 crore for FY23. During Q4, the EBITDA margin was 10.6 per cent as compared to 9.3 per cent in the previous quarter (October-December 2022)."

"We have concluded the financial year 2023 on a positive note. Achieving this growth despite a high base and volatile commodity pricing environment demonstrates the demand environment that exists in the industry," Ashish Mangal, Managing Director of Dynamic Cables Limited, said.

Dynamic Cables Ltd is a manufacturer of power cables that includes power control and instrumentation cables, flexible and industrial cables, solar cables and railway signalling cables.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Updated: 23 May 2023, 10:26 PM IST
Next Story
Recommended For You
Get alerts on WhatsApp
Set Preferences My Reads Watchlist Feedback Redeem a Gift Card Logout