Dynamic Cables Ltd - 540795 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Information regarding Corrigendum to Notice of Extra Ordinary General Meeting to be held on June 12, 2024.31-05-2024
31-05-2024
Dynamic Cables Ltd - 540795 - Corrigendum To The Notice Of The Extra Ordinary General Meeting Of The Company Scheduled To Be Held On Wednesday, June 12, 2024
Corrigendum to the Notice of the Extra Ordinary General Meeting of the company to be held on Wednesday, June 12 ,202430-05-2024
Dynamic Cables Ltd - 540795 - Compliances-Reg.24(A)-Annual Secretarial Compliance
We hereby submit Annual Secretarial Compliance Report for the financial year ended March 31, 2024.27-05-2024
Dynamic Cables Ltd - 540795 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Intimation under Regulation 30 of SEBI(Listing Obligations & Disclosure Requirements) Regulations, 2015-Newspaper Publication.20-05-2024
Dynamic Cables Ltd - 540795 - Notice Of The Extra-Ordinary General Meeting (''EGM'') To Be Held On June 12, 2024.
We hereby submit a Notice of Extra-Ordinary General Meeting of the company scheduled to be held on June 12, 202418-05-2024
Dynamic Cables Ltd - 540795 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Intimation under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations,2015- Newspaper Publication18-05-2024
Dynamic Cables Ltd - 540795 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Intimation for Favourable GST order issued to the company under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 201516-05-2024
Dynamic Cables Ltd - 540795 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Intimation under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 201515-05-2024
Dynamic Cables Ltd - 540795 - Board Meeting Outcome for Outcome Of Board Meeting Eld On May 15, 2024 To Consider And Approve Fund Raising
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we wish to inform you that the Board of Directors of the Company in their Meeting held today i.e., Wednesday, May 15, 2024 approved the approved the following: 1)Increase in Authorized Share Capital2)Preferential issue of Equity shares 3)Convening the Extra Ordinary General Meeting of the Company 4) Appointment of scrutinizer for the purpose of e-voting.15-05-2024
Q4FY24 Quarterly & FY24 Annual Result Announced for Dynamic Cables Ltd.
Electrical Products company Dynamic Cables announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue growth was ~35% for Q4 as compared to same quarter previous year and ~25% on QoQ basis. Operating margins have expanded to 10.6% in Q4, increasing sequentially from 9.4% in Q3FY24 PAT have grown ~ 38% to Rs 13.8 crore as compared to previous quarter. Receivable days (calculated on trailing 6 months gross sales) were ~ 91 days in Q4FY24. Order book stands at ~Rs 521 Crores as on 31st March 2024. Healthy order book indicates continuation of growth momentum. FY24 Financial Highlights: Completed brownfield expansion of Reengus plant, thereby increasing manufacturing capacity by ~25% of our existing capacity. ROCE and ROE for the year was 21.5% and 17.7% respectively Export sales contributed ~12% of total sales Received credit rating upgrades from Crisil and India Ratings, now standing at A-, up from BBB+. Company has recommended a final dividend of 5% of face value. i.e, Rs 0.50/- per share, subject to shareholders approval Inventory increased by Rs 38 crores [Rs 126.60 crore as on 31.03.2024 v/s 88.60 crore 31.03.2023], was commensurate with increase in the order book to Rs 521 crore v/s Rs 331 crore. Sharing insights on the results, Ashish Mangal, Managing Director of Dynamic Cables Limited commented: “We are delighted to announce the conclusion of the financial year 2024 on a strong foothold, marking a robust foundation for our future endeavors. Throughout the year, we have set new benchmarks and achieved strong revenue growth, reaffirming our position in the market. Our team showcased remarkable resilience and adaptability, capitalizing on industry demand dynamics. We are increasing our focus on cost management and working capital management. During last year, our endeavors to reduce finance cost fructified with enhancement in credit rating resulting in significant reduction in our financing cost. Moreover, we expect our solid performance to remain steadfast, supported by substantial investments in power infrastructure development by Government alongside private sector players. The upward trend observed in sectors such as infrastructure, construction, railways, electric vehicles and both renewable and non-renewable energy is fueling the demand for power and power cables. At Dynamic Cables, our wide-ranging product portfolio, nationwide presence, and global reach, coupled with approvals from various domestic and international agencies, position us favorably to make significant contributions to these national development initiatives. Furthermore, our continually expanding order book, reflects the trust our clients have in our capabilities, further strengthening our outlook for sustained growth. The resilience demonstrated by the power cables sector in recent quarters indicates strong potential for continuous growth in the foreseeable future.” Result PDF15-05-2024