Operating EBITDA stood at Rs 20.5 crore in Q1 FY24, registering the growth of 44.37% as compared with Rs 14.2 crore recorded in corresponding quarter last year.

Operating EBITDA margin in this quarter has increased to 11.3% as against 10.6% in Q4FY23 and 9% in Q1FY23 on account of favorable revenue mix and softening of input cost.

Debtors outstanding as on 30 June 2023 was Rs 180.5 crore. Receivable days (calculated on trailing 6 months gross sales) were at 77 days vs 83 days in Q4FY23.

The company's order book stands at Rs 394 crore vs Rs 331 crore as on 31st March 2023.

The company's total borrowing decreased to Rs 143.7 crore as on 30 June 2023, compared with Rs 163.5 crore in 31st March 2023.

Ashish Mangal, managing director of Dynamic Cables commented: "In the quarter gone by we did exports of Rs. 57.5 Crs which was significantly higher as compared to our historical trends. We foresee a healthy business environment and long-term demand growth for power cables driven by multiple macro tailwinds."

In its outlook, the company said that the government's budget allocation, policy initiatives, and reforms have provided fiscal support to industries like the cable industry. The emphasis on infrastructure development projects, including highways, energy, railways, and metro constructions, has increased the demand for wires and cables. The government's focus on renewable energy and the target of achieving net zero emissions by 2070 will further boost the demand for cables and wires. The private sector has also increased its investment in capacity enhancement and expansion. The demand environment remains encouraging, particularly in energy-intensive industries such as iron and steel, aluminum, cement, fertilizers, and refineries. The company's new product portfolio is contributing to sales growth and margins, and they plan to focus on sustainable revenue growth. The company sees opportunities in segments such as electric vehicles, exports, railway electrification, and renewable energy.

Dynamic Cables is manufacturer of power infra cables that includes LV, HV, MV, EHV, power control & instrumentation cables, and signaling cables. It supplies cables to government discoms, private distribution companies, private EPC contractors, industrial and export clients. The company has 3 manufacturing plants are situated at Jaipur and Reengus. Business operations are managed through corporate office in Jaipur and 5 regional sales offices across India.

Shares of Dynamic Cables have surged 27% in one month, +150% in three months and +187% in 1 year.