Financial Performance Summary (₹ in Crores)

| Particulars | Q2FY27 | Q1FY27 | Q2FY26 | H1FY27 | H1FY26 | FY26 |

| Operating Revenue | 363.2 | 349.1 | 281.6 | 712.3 | 543.6 | 1197.8 |

| Operating Profits | 36.3 | 38.0 | 30.8 | 74.3 | 57.8 | 129.6 |

| Operating Margins % | 10.0% | 10.9% | 11.0% | 10.4% | 10.6% | 10.8% |

| Finance Cost | 4.2 | 2.9 | 2.9 | 7.1 | 5.5 | 11.5 |

| Depreciation | 3.5 | 2.9 | 2.8 | 6.3 | 5.5 | 11.8 |

| Other Income | 1.0 | 1.2 | 1.2 | 2.2 | 3.9 | 6.8 |

| PBT | 29.7 | 33.5 | 26.3 | 63.1 | 50.7 | 113.1 |

| Income Tax | 7.5 | 8.5 | 6.7 | 16.0 | 12.9 | 28.6 |

| PAT | 22.1 | 25.0 | 19.6 | 47.1 | 37.9 | 84.4 |

| EPS | 4.6 | 5.2 | 4.0 | 9.7 | 7.8 | 17.4 |

Performance Analysis

Revenue Growth:

  • Q2FY27 operating revenue reached ₹363.2 Cr, showing 29% YoY growth from ₹281.6 Cr in Q2FY26
  • H1FY27 revenue stood at ₹712.3 Cr, representing 31% growth from ₹543.6 Cr in H1FY26

Profitability Metrics:

  • Operating margins were 10.0% in Q2FY27, slightly lower than 11.0% in Q2FY26
  • H1FY27 operating margins at 10.4% compared to 10.6% in H1FY26
  • PAT for Q2FY27 was ₹22.1 Cr, up 13% from ₹19.6 Cr in Q2FY26
  • H1FY27 PAT reached ₹47.1 Cr, showing 24% growth from ₹37.9 Cr in H1FY26
  • EPS for Q2FY27 was ₹4.6 compared to ₹4.0 in Q2FY26

Cost Structure:

  • Finance cost increased to ₹4.2 Cr in Q2FY27 from ₹2.9 Cr in Q2FY26
  • Depreciation rose to ₹3.5 Cr in Q2FY27 from ₹2.8 Cr in Q2FY26
  • Other income decreased to ₹1.0 Cr in Q2FY27 from ₹1.2 Cr in Q2FY26

Management Commentary

Mr. Ashish Mangal, Managing Director, commented that growth momentum has continued and is expected to persist due to strong industry tailwinds in domestic and export markets. The new manufacturing plant is going on stream and will start contributing from the second half. The business environment has improved despite crude price volatility and geopolitical disruptions. The company follows a disciplined approach toward execution and expanding market reach. Export markets are expected to gain momentum as global macros normalize.

Key Operational Highlights

  • Strong growth momentum from both government and private sector players
  • Receivable days (calculated on trailing six-month gross sales) was approximately 59 days in Q2FY27
  • Export sales were approximately ₹56 Crores in H1FY27
  • Order book stands at approximately ₹829 Crores
  • Plant and Machinery have been installed at the newly established manufacturing facility

Borrowing Position (₹ in Crores)

| Particulars | 30th Sep 2026 | 30th June 2026 | 31st Mar 2026 |

| Term Loans from Banks/FIs | 2.3 | 2.5 | 2.6 |

| Other Loans | 2.7 | 4.3 | 2.2 |

| Working Capital Loans | 32.3 | 64.4 | 35.6 |

| Total On-balance sheet Debt | 37.3 | 71.2 | 40.4 |

| LC Creditors (Off-balance sheet) | 77.7 | 64.6 | 76.6 |

| Total Borrowing | 115.0 | 135.8 | 117.0 |

| Cash & equivalents | 33.2 | 47.0 | 58.8 |

| Net Debt | 81.8 | 88.7 | 58.2 |

Company Background

Dynamic Cables Limited manufactures power infrastructure cables including LV, HV, MV, power control & instrumentation cables, and signaling cables. The company supplies to Government Discoms, Private Distribution companies, Private EPC contractors, industrial clients, and export markets. The company has 4 manufacturing plants located at Jaipur and Reengus, with business operations managed through corporate office in Jaipur and 5 regional sales offices across India.