Dynamic Cables Limited reported strong Q2 FY26 results with 20.25% year-on-year growth in revenue at ₹281.56 crore. The firm posted a net profit of ₹19.64 crore, rising 41.81% from the same quarter last year, reflecting firm operational efficiency and demand from the market.
The revenue growth of 20.3% was boosted by healthy sales across power infrastructure cables such as LV, MV, HV, and instrumentation cables to government discoms, industrial and export customers. Operating profit improved 30% YoY to ₹30.8 crore, with operating margins widening by 90 basis points to 11.0% for the quarter.
As of September 30, 2025, Dynamic Cables' order book was healthy at ₹721 crore, indicating robust business visibility. The company increased its capacity from ₹100 crore to ₹135 crore per month through de-bottlenecking and capex. Commissioning of a new plant under construction is expected by end of FY26, with fresh capacity in FY27.
Managing Director Ashish Mangal predicted confidence in the sustained momentum of growth for the company, fuelled by strong capabilities and customer trust. He highlighted the company's focus on financial prudence and good margins as production capacities increase.
Broking companies greeted Dynamic Cables' Q2 numbers as solid with growth exceeding sector norms. Margin improvement and order book strength support a benign medium-term outlook, with still some caution on raw material prices and working capital management. The stock performed well, indicating investor confidence in the company's growth run supported by the growing power infrastructure space in India.
Dynamic Cables' Q2 FY26 results reflect strong revenue expansion, strong profit improvement, and good order visibility. With its capacity growth plans in line and strategic emphasis on fiscal prudence, the company is well placed to take advantage of the increasing demand for power cables due to infrastructure development and electrification efforts in India.
