In a recent exchange filing on October 11th, Dynamic Cables revealed that they have been awarded a new work order by the Northern Railways. The contract encompasses the supply of PVC insulated, armored unscreened underground railway signaling copper conductor cables, valued at 95.91 crore rupees. The company is expected to complete this order and make the delivery within a span of six months.
Commenting on the acquisition of the order, Ashish Mangal, the Managing Director of Dynamic Cables, expressed his enthusiasm and pride. He stated, “This order reflects our dedication to providing innovative solutions that cater to our clients’ needs. We are geared up to work in collaboration with the Northern Railways to ensure the successful execution of this project.”
Furthermore, the company’s financial performance has been noteworthy. For the first quarter of FY24 (Q1FY24), the company observed a year-on-year growth in revenue by 15%. The earnings escalated from 157 crores rupees from the same period last year to a commendable 181 crores rupees. Additionally, the net profit also surged by 57% annually in Q1FY24, amounting to 11 crore rupees, which is a significant leap from the 7 crore rupees reported in Q1FY23.
About Dynamic Cables: Dynamic Cables specializes in the manufacture of power infra cables, which include LV, HV, MV, EHV, power control, instrumentation, and signaling cables. The company caters to a diverse clientele, ranging from government discoms, private distribution companies, private EPC contractors, to industrial and export clients. With a commitment to excellence and innovation, the company operates out of three manufacturing plants situated in Jaipur and Reengus.