Dynamic Cables Q4 net profit zooms 18% to ₹10 Cr, 5% final dividend declared

Dynamic Cables Q4 net profit grows 18 pc to 10 crore

PTI
Published23 May 2023, 10:26 PM IST
Dynamic Cables on Tuesday said its consolidated net profit climbed a 17.92 per cent to around  <span class='webrupee'>₹</span>10 crore during the quarter ended March 31, boosted by higher income.
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.

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.

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First Published:23 May 2023, 10:26 PM IST
Business NewsCompaniesCompany ResultsDynamic Cables Q4 net profit zooms 18% to ₹10 Cr, 5% final dividend declared

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