Dynamic Cables Ltd
P&L
Quarterly Standalone
vs Q3 FY26
Dynamic Cables FY26 Revenue Up 17% to ₹1198 Cr
12 May 2026 · 12 May, 1:11 pm
Summary
Dynamic Cables Limited (DCL) announced a strong operational and financial performance for Q4 and the full financial year ended March 31, 2026. For FY26, the company's Operating Revenue grew by 17% to ₹1,197.8 crore, with Profit After Tax (PAT) surging 30% to ₹84.4 crore. Operating margins improved to 10.8% for the full year, driven by a focus on core high-value-add products and reduced financial costs. Managing Director Mr. Ashish Mangal noted sustained healthy order inflows and expressed confidence in sustaining steady growth by capitalizing on long-term opportunities in the power T&D capex, despite some delays in capacity expansion project implementation.
Key Highlights
- 1
Dynamic Cables Limited reported a 17% year-on-year increase in Operating Revenue, reaching ₹1,197.8 crore for the financial year ended March 31, 2026.
- 2
Profit After Tax (PAT) for FY26 surged by 30% year-on-year to ₹84.4 crore, with PAT margins improving to 7.0% from 6.3% in the previous fiscal year.
- 3
The company achieved its highest-ever order book of ₹808 crore as of March 31, 2026, demonstrating healthy order inflows.
- 4
Core product categories, including LV & HV power cables, renewable cables, and other niche products, delivered a strong growth of 25% for FY26.
- 5
Operating Margins for the full fiscal year improved to 10.8% in FY26, up from 10.3% in FY25, reflecting enhanced profitability.
- 6
Q4FY26 Operating Revenue grew by 7% year-on-year to ₹355.5 crore, while Profit After Tax for the quarter increased by 3% to ₹24.2 crore.
Management Comments
Ashish Mangal
I am pleased to share that the Company delivered a steady operational and financial performance during the quarter and the full financial year despite a volatile macroeconomic environment. During the last financial year, we focused on our core high value add products which resulted in higher profitability during the year. Also, there was a marked reduction in financial cost resulting from continued financial discipline and lower interest/charges driven by credit rating enhancement. We continued to witness healthy order inflows. During the year, we also strengthened our positioning through enhanced product capabilities, customer approvals, and continued focus on quality and execution standards. On the capacity expansion front, project implementation has picked up pace following receipt of key statutory approvals. While the project implementation witnessed delays due to approval-related timelines and disruption in imported machinery deliveries arising from the ongoing Iran war-related logistics situation, the new capacities will be available ahead of the seasonally stronger second half of FY27. With a healthy order book and strong execution capabilities, we remain confident of sustaining steady growth and capitalizing on long-term opportunities in the power T&D capex.
Informational and educational content only. Not investment advice.