Cable stock skyrockets 12% after announcing strong Q3 results; Check details

Synopsis: Shares of Dynamic Cables jumped sharply after the company reported a 42% YoY growth in net profit, despite revenue growing by only 19%, mainly aided by improved cost control.

The shares of this company, engaged in manufacturing power infrastructure cables, including LT, HT, EHVC, Power control & instrumentation cables, flexible & industrial cables, solar cables, and railway signalling cables, are in focus after it reported a stellar financial performance. In this article, we will dive more into the details of it.

With a market capitalisation of Rs 1,360 crore, the shares of Dynamic Cables Ltd reached a day high of Rs 315 per share, up 12 percent from its previous day’s closing price of Rs 281.10 per share. Over the past five years, the stock has delivered a multibagger return of 1,990 percent, outperforming NIFTY 50’s return of 83 percent.

Q3 Highlights

The revenue from operations for Dynamic Cables stands at Rs 299 crores in Q3 FY26 compared to Q3 FY25 revenue of Rs 252 crores, up by 19 per cent YoY. Additionally, on a QoQ basis, it reported a slight growth of 6 percent from Rs 282 crore. 

Coming down to its profitability, the company’s net profit stood at Rs 22.42 crore in Q3 FY26, a staggering growth of 42 percent as compared to Rs 15.80 crore in Q3 FY25. Additionally, on a QoQ basis, it reported a growth of 14 percent from Rs 19.64 crore.

Coming down to its expenses side, the company’s total expenses stood at Rs 271 crore in Q3 FY26, a growth of 16 percent as compared to Rs 233 crore in Q3 FY25. Additionally, on a QoQ basis, it grew by 5.5 percent from Rs 256 crore.

Dynamic Cables saw a 19 percent increase in revenue this year, but the real headline is profit, which surged by 42 percent during the same period. This was mainly aided by improved cost efficiencies, particularly for raw materials, leading to improved gross margins. With higher sales, fixed costs became less burdensome, showing the benefits of operating leverage. 

Additionally, lower interest payments meant finance costs didn’t take as much out of profits. Ultimately, stronger cost control and smarter operations allowed profits to outpace sales.

Dynamic Cables produces and provides a variety of cables and conductors for the power and energy industries in India and overseas. Its product offerings include bare and insulated conductors, LV/MV/66KV power cables, aerial bunched and control cables, railway signalling cables, and instrumentation wires. It deals with government and private utilities, EPC contractors, solar schemes, industrial customers, and railways.

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