Dynamic Cables
Dynamic Cables Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Dynamic Cables achieved a 28% volume growth in the latest quarter. - The company aims to grow at 1.5x the industry growth rate, targeting around 25% revenue growth versus industry’s 15%-20%. - Maximum monthly sales from current capacity reached Rs. The company reported a 26% year-on-year revenue growth and a 23% increase in operating profit in Q1 FY '26, indicating strong core operations and cost discipline. - Operating margin is expected to remain stable around 10% to 10.5% in the near term. - Profit after tax grew by 57% in Q1 FY '26, reflecting earnings strength. - The company expects to ramp up new plant capacity (with incremental revenue potential of Rs.
From Dynamic Cables's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Dynamic Cables achieved a 28% volume growth in the latest quarter.
- The company aims to grow at 1.5x the industry growth rate, targeting around 25% revenue growth versus industry’s 15%-20%.
- Maximum monthly sales from current capacity reached Rs. 125 crores (March 2025), indicating potential annualized revenue of Rs. 1,500 crores.
- Optimum capacity utilization expected at 80%-90%.
- New plant commissioned with Rs. 35 crores CAPEX, expecting incremental revenue of Rs. 200-250 crores, to be ramped up by FY '26/FY '27.
- Continuous debottlenecking exercises are underway to enhance current plant capacity.
- Solar cable market (a key growth segment) TAM estimated at Rs. 6,000-7,000 crores and expanding rapidly.
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Profitability & Margins
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Capital Expenditure Plans
- Current CAPEX: A new plant with a total CAPEX of around Rs. 35 crores is being commissioned in H2 FY '25.
- New plant details: The plant focuses on HV cables, solar cables (including E-beam facility), and AL59 conductors.
- Revenue potential: Expected peak revenue from this new capacity is approximately 6x to 7x of the investment (around Rs. 200-250 crores).
- Land availability: New land of around 15,000 square meters purchased last year near existing plants for future CAPEX.
- Expansion potential: The 35,000 sq. meters plant area has 10,000-15,000 sq. meters still available for further CAPEX.
- Timeline for future CAPEX: New projects typically take 9 months to 1.5 years to commercialize depending on cable type.
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Dynamic Cables said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book: Rs. 734 crores (Q1 FY '26), up 57% year-on-year.
- Order execution visibility: Orders generally have a 6 to 9 months execution timeline.
- Order book breakup: 62% from power distribution, 15% exports, 12% government entities, and 11% from solar.
- Export order book: Around 15%, mainly Asia and Africa; U.S. market entry expected end of FY '26 or FY '27 after approvals.
- Management indicates healthy order book growth and strong future sales outlook.
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Dynamic Cables — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹355 Cr, net profit ₹24 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Dynamic Cables Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Dynamic Cables Q1 FY26 results?
Dynamic Cables achieved a 28% volume growth in the latest quarter. - The company aims to grow at 1.5x the industry growth rate, targeting around 25% revenue growth versus industry’s 15%-20%. - Maximum monthly sales from current capacity reached Rs. The company reported a 26% year-on-year revenue growth and a 23% increase in operating profit in Q1 FY '26, indicating strong core operations and cost discipline. - Operating margin is expected to remain stable around 10% to 10.5% in the near term. - Profit after tax grew by 57% in Q1 FY '26, reflecting earnings strength. - The company expects to ramp up new plant capacity (with incremental revenue potential of Rs.
What is Dynamic Cables share price analysis?
Dynamic Cables currently shows a neutral. The stock trades at a P/E of 23.9 with a market cap of ₹2,182 Cr. Investors should review the full earnings analysis for detailed insights.
Is Dynamic Cables planning capital expenditure?
Current CAPEX: A new plant with a total CAPEX of around Rs.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.