The company’s PAT in Q4FY21 increased to Rs5.4cr compared to Rs0.1cr in Q3FY21. During H2FY21, PAT rose to Rs5.5cr from Rs3.3cr in H2FY20. For the fiscal FY21, PAT declined to Rs9.8cr compared to Rs18.2cr in FY20.
“Ebitda margins improved from 7.2% in H2FY20 to 7.6% in H2FY21. Ebitda margins improved from 6.5% in Q3FY21 to 8.3% in Q4FY21. Finance cost during FY21 decreased to Rs11.9cr in FY21 as compared to Rs15.3cr in FY20. Debtors decreased from Rs150.3cr in FY20 to 127.7cr in FY21. Receivable days (calculated on H2 gross sales) decreased from 106 days in FY20 to 86 days in FY21,” company said.
Commenting on the results, Ashish Mangal, MD of Dynamic Cables Limited said: “While the first half of FY21 was disrupted by Covid related lockdowns and shut down in economic activities, there was strong recovery in the domestic institutional business during the second half of the year. FY21 was a true test of our resilience, compassion and transformation and I am happy to state that we have come out even better & stronger post disruptions.
Dynamic Cables as emerged as one of the most energy efficient companies post captive roof top solar power generation and implementation of Industry 4.0. During the pandemic, Dynamic cables shifted its focus on improving its operations enabled by investment in ERP and other technological support. These investments will improve productivity and bring in efficiencies over the long run.”
At around 11.52am, Dynamic Cables Ltd. was trading at Rs50.80 per piece up Rs1.10 or 2.21% on the BSE.