Dynamic Cables Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 05, 2024 at 04:53 pm IST
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Dynamic Cables Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 1,923.19 million compared to INR 1,587.95 million a year ago. Revenue was INR 1,931.79 million compared to INR 1,592.63 million a year ago. Net income was INR 75.24 million compared to INR 66.38 million a year ago. Basic earnings per share from continuing operations was INR 3.42 compared to INR 3.02 a year ago. Diluted earnings per share from continuing operations was INR 3.42 compared to INR 3.02 a year ago.
For the nine months, sales was INR 5,270.98 million compared to INR 4,901.68 million a year ago. Revenue was INR 5,295.87 million compared to INR 4,921.4 million a year ago. Net income was INR 239.97 million compared to INR 210.31 million a year ago. Basic earnings per share from continuing operations was INR 10.9 compared to INR 9.55 a year ago. Diluted earnings per share from continuing operations was INR 10.9 compared to INR 9.55 a year ago.
Dynamic Cables Limited is an India-based wire and cable manufacturer serving the energy and power sector both locally and abroad. It is engaged in the business of manufacturing of conductors and cables, which includes manufacturing of low-voltage (LV), medium-voltage (MV) and high-voltage (HV) power cables, aerial bunched cables, all aluminum conductors, all aluminum alloy conductors, railway signaling cables, and others. Its products include Bare Conductors, Insulated Conductors, 66KV Power Cables, MV Aerial Bunched Cables, MV Power Cables Copper, MV Power Cables Aluminium, LV Aerial Bunched Cables, LV Power Cables Copper, LV Power Cables Aluminium, LV Control Cables, LV Concentric Cables, PVC Power Cables, XLPE Power Cables, Railway Signaling Cables, Galvanized Stay Wire/ Earth Wire, and UL Certified Cables. Its range of wires, cables and conductors are used for projects in power generation, and electricity transmission and distribution, airports, railways and residential projects.