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Jaipur (Rajasthan) : A major power cable manufacturer, Dynamic Cables Limited (DCL), based in Jaipur, has released its financial results for the third quarter and first nine months of fiscal year 2023. With a healthy growth of 11% and 25.4% year-over-year, respectively, the company reported sales of Rs 158.8 Crs for Q3 FY23 and Rs 490.2 Crs for 9Months FY23. Management has signalled that the growth momentum will continue on the back of a healthy demand scenario, and the headwind of raw material price volatility due to increasing geo-political tensions is behind us, so margins are returning to normal, and with satisfactory progress towards the development of new products, there will be further improvement in the margins.
The September/October 2022 issue of Wire & Cable India magazine included an article on dynamic cables.
Dynamic Cables won the Pride of India Brands Award, 2023 on January 19th. This award was presented by exchange 4 media agencies. Because of its leadership, strategic accomplishments, creativity, and continuous innovation in its products, processes, and marketing practises, as well as its contribution to the New Bharat economy, the company was selected as Pride of India Brands-The Best of North.
Dynamic Cables Limited’s Managing Director, Mr. Ashish Mangal, made the following statement in response to the news: “We are delighted to report that we have sustained our growth and were able to deliver the highest ever nine months of revenue in the company’s history. We attribute our success to our efficient operations and the buoyant demand in the home market. Looking ahead, we anticipate a path to growth in the medium to long term, thanks to the government’s ongoing push towards infrastructure development and an uptick in private capex. This year’s Pride of India Award, 2023, is also a significant recognition. As a result of our dedication to building our brand, we have been recognised with this award.
About Dynamic Cables Ltd.:
Dynamic Cables Ltd. is a manufacturer of power infra cables that includes LT, HT, EHVC, Power control & instrumentation cables, flexible & industrial cables, solar cables, and railway signaling cables. It supplies cables to Government Discoms, Private Distribution companies, Private EPC contractors, and industrial and Export clients. The company has 3 manufacturing plants are situated at Jaipur and Reengus. Business operations are managed through a corporate office in Jaipur and 5 regional sales offices across India.
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