Dynamic Cables Limited , a leading player in the power cable industry, has reported its highest-ever first half revenue and profitability for H1 FY26, demonstrating robust growth despite challenging market conditions.

Financial Highlights

The company's performance for H1 FY26 showcases significant year-on-year improvements:

Order Book and Business Mix

As of September 30, 2025, Dynamic Cables' order book stands at Rs 721.00 crores, providing strong revenue visibility for the coming quarters. The company's customer-wise contribution for H1 FY26 reflects a diverse mix:

In terms of product mix, the company reported:

Operational Updates

The company has successfully enhanced its monthly production capacity from Rs 100.00 crores to Rs 135.00 crores through debottlenecking initiatives. This expansion, completed with a CAPEX of approximately Rs 15.00 crores, positions Dynamic Cables to meet growing market demand more effectively.

Challenges and Outlook

Management noted a temporary slowdown in demand due to an extended monsoon affecting EPC execution. However, they expect improvement in the third and fourth quarters as weather conditions normalize and project execution picks up pace.

Expansion Plans

Dynamic Cables' ongoing capacity expansion plan remains on schedule for commissioning in the second half of FY26. This includes a new greenfield plant featuring an E-beam facility for solar DC cables, aligning with the company's focus on the renewable energy sector.

Management Commentary

Ashish Mangal, Managing Director of Dynamic Cables, commented on the results: "Our robust order book continues to reflect the deep trust and confidence that our customers place in our capabilities, reaffirming our strong market position. We believe that our new growth initiatives will lay a solid foundation for long-term sustainable expansion."

He added, "Looking ahead, we remain optimistic about the long-term opportunities in India's power infrastructure sector, supported by strong tailwinds from renewable energy, rural electrification, underground cabling, and the transition to higher voltage lines driven by rising per capita power consumption."

Dynamic Cables' strong performance in H1 FY26, coupled with its strategic expansion plans and focus on high-growth sectors like renewable energy and smart metering, positions the company well for continued growth in the evolving power infrastructure landscape. As the company navigates short-term challenges such as extended monsoons, its robust order book and operational improvements provide a solid foundation for future success.

Dynamic Cables Limited (DCL), a leading player in the Indian cable manufacturing sector, has reported robust financial results for the second quarter of fiscal year 2026, along with several significant corporate actions.

Financial Performance

DCL has demonstrated impressive growth in its Q2 FY26 results:

The company's revenue from operations saw a significant increase of 20.25% year-over-year, rising from Rs. 23,414.50 lakhs in Q2 FY25 to Rs. 28,155.68 lakhs in Q2 FY26. Net profit for the quarter stood at Rs. 1,918.91 lakhs, marking a substantial growth of 38.51% compared to Rs. 1,385.40 lakhs in the same period last year.

Bonus Share Issuance

DCL issued bonus equity shares in a 1:1 ratio on July 15, 2025. This corporate action has resulted in an increase in the company's paid-up capital from Rs. 2,422.93 lakhs to Rs. 4,845.86 lakhs.

Corporate Governance

The Board of Directors has approved amendments to the company's "Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information." This step aims to enhance transparency and ensure compliance with regulatory requirements.

Trading Window

DCL has announced that the trading window for designated persons will open from October 31, 2025. This information is crucial for those involved in trading the company's securities.

Balance Sheet Highlights

As of September 30, 2025, DCL reported:

The company's strong balance sheet position, with total assets of Rs. 60,708.62 lakhs and a robust equity base of Rs. 41,035.38 lakhs, indicates financial stability and potential for future growth.

Dynamic Cables Limited continues to show resilience and growth in the competitive cable manufacturing industry. The company's strong financial performance, coupled with shareholder-friendly actions like bonus share issuance, positions it favorably in the market.