Dynamic Cables Reports Strong Q3 FY24-25 Results with Significant Growth Across Metrics

Dynamic Cables has reported a very positive financial performance for the third quarter of FY24-25, showcasing significant growth across various metrics. The company's score has undergone an adjustment in evaluation, reflecting a shift from 19 to 27 over the past three months.
In terms of profitability, the Profit Before Tax (PBT) reached Rs 18.96 crore, marking a substantial year-on-year growth of 101.27%. Similarly, the Profit After Tax (PAT) stood at Rs 15.80 crore, with a remarkable increase of 110.1% compared to the previous year. The operating profit has also shown strength, with the highest quarterly figure recorded at Rs 25.56 crore.

Sales performance has been robust, with net sales hitting Rs 251.50 crore, representing a year-on-year growth of 30.77%. This figure is the highest in the last five quarters, indicating a positive trend in sales activity. Additionally, the company's ability to manage interest payments is improving, as evidenced by an operating profit to interest ratio of 6.82 times.

Dynamic Cables has also demonstrated prudent financial management, achieving the lowest debt-equity ratio of 0.35 times in the last five half-yearly periods, alongside a strong debtors turnover ratio of 4.36 times.

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