logo
Dynamic Cables' Q1 net profit drops 22.75 pc to Rs 18.2 crore; revenue falls nearly 21 pc

Dynamic Cables' Q1 net profit drops 22.75 pc to Rs 18.2 crore; revenue falls nearly 21 pc

Hans India2 days ago
Mumbai: Jaipur-based Dynamic Cables Limited on Wednesday reported a decline in its financial performance for the first quarter (Q1) of FY26, with net profit falling by 22.75 per cent quarter-on-quarter (QoQ) to Rs 18.2 crore, compared to Rs 23.56 crore in the previous quarter (Q4 FY25).
The company also saw its revenue from operations drop by 20.88 per cent, standing at Rs 262.03 crore in Q1, down from Rs 331.17 crore in Q4 FY25, according to its stock exchange filing.
Total income for the quarter came in at Rs 264.77 crore, showing a decline of 20.39 per cent QoQ.
On the expenses side, the company recorded Rs 240.4 crore in total expenses in Q1, a decrease of 20.37 per cent from Rs 301.9 crore in the previous quarter, the company stated in its regulatory filing.
The company's total expenses included Rs 233.3 crore towards cost of materials consumed, Rs 10.01 crore on employee benefits, Rs 2.66 crore in finance costs, Rs 2.65 crore in depreciation and amortisation, and Rs 13.82 crore under other expenses.
As of June 30, Dynamic Cables' order book stood at approximately Rs 734 crore, a significant rise from Rs 468 crore a year earlier.
The company said this growth was largely driven by strong demand in the power utilities/EPC, export, and renewable energy segments.
Dynamic Cables' Managing Director, Ashish Mangal, attributed this to strong domestic demand from both government and private sector projects in power distribution and renewable energy, along with consistent export contributions of around 10 per cent, even amid geopolitical challenges.
He expressed optimism for the upcoming quarters, saying the company is well-positioned to capitalise on growth opportunities thanks to supportive policies and increased infrastructure investments.
'With a robust order book, a clear growth roadmap, and a strong emphasis on execution, we are confident in our ability to maintain this momentum and create long-term value for all stakeholders,' Mangal added.
Dynamic Cables Limited manufactures a wide range of power infrastructure cables including low voltage, medium voltage, high voltage, control, instrumentation, and signalling cables.
It supplies to government discoms, private utilities, EPC contractors, industrial clients, and exports markets.
The company operates three manufacturing units in Jaipur and Reengus, with its corporate office and five regional sales offices based across India.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

GST's identity crisis: One nation, multiple headaches
GST's identity crisis: One nation, multiple headaches

Time of India

time18 minutes ago

  • Time of India

GST's identity crisis: One nation, multiple headaches

Academy Empower your mind, elevate your skills Rajesh Sodhi still remembers the night of June 30, 2017. The Ludhiana-based textile manufacturer had stayed up past midnight, watching Parliament TV as the Goods and Services Tax (GST) was announced. 'One Nation, One Tax' was the clarion call. It sounded like music to his years on, Sodhi's enthusiasm has morphed into frustration. His factory now employs three accountants just to handle GST compliance . "We were promised simplicity," he says. "Instead, we got something more complicated than what we had before."Sodhi's story isn't unique. Across India, individuals and corporates alike are grappling with a tax framework that seems to have developed a mind of its complexity starts with the basics. Instead of 'One Tax', today's GST comes with five different tax rates: 0%, 5%, 12%, 18%, and 28%. Add in numerous exemptions, differential rates for services, and sector-specific rules, and you have a system that's making the old tax regime look something as basic as determining which rate applies to popcorn, which is still a hot-button issue months after the December 2024 GST Council meeting. Is it taxed at 5%, 12%, or 18%? The answer depends on factors so nuanced that even tax lawyers disagree, but the lowdown is: it's 5% if sold loose (such as in a movie theatre), 12% if packaged and savoury-flavoured, and 18% if caramelised. But if your popcorn comes bundled with your movie ticket, the GST would be 18% because this would be treated as a composite such as these have prompted entrepreneurs and companies, regardless of industry, to reclassify their products and services after routine audits, resulting in demands for additional tax ranging from lakhs to crores of rupees."There has to be a philosophy to taxation that informs decision-making. GST is far from the good and simple tax it was supposed to be," says former Finance Minister (FM) Yashwant Sinha. "When I was FM, I rationalised the multiple central excise rates down to three. GST has a rate multiplicity problem. It's creating classification, implementation, and filing issues. The slabs must be reduced— ideally to one."The digitalisation of the Indian economy has revealed another vital limitation in the implementation of GST. App-based services, digital payments, and e-commerce platforms have created a whole new category of tax disputes that the system wasn't designed to Karnataka, vendors are protesting after having received GST notices for UPI-based transactions exceeding ₹40 lakh a year. They are currently demanding that the state revoke such notices, and that enforcement of such rules be relaxed for small-scale consider fintech entrepreneurs whose lending platforms are embroiled in disputes over whether algorithmic credit scoring should be taxed as a software solution or a financial service, a distinction that could mean the difference between 0% and 18% tax rates. Software as a Service (SaaS) companies are unclear and thus unable to determine whether they're selling goods or services. There's confusion over e-commerce platforms' marketplace versus inventory models, and skill-based online gaming companies are still contending with the massive retrospective demands rising from the hike from 18% to 28%, on par with chance-based activities such as gambling and there's the 'luxury' classification. As Aarin Capital Chairman and former Infosys executive Mohandas Pai puts it:"Air conditioners and TVs larger than 32 inches are taxed at 28%, but these aren't luxury items. They're mass goods today. Two-wheelers and sedans are also not considered luxury goods in 2025. Cement, which is critical for building India, also falls in the 28% bracket. The number of slabs should be reduced, and classifications revised."A concern on GST's complexity is the volume of disputes it has generated. There were significant judgments pertaining to GST in 2024, rendered by High Courts across the nation. And 2025 is even busier, as evidenced by recent multinational corporations across sectors have taken the international arbitration route to seek relief from retrospective tax claims. Several disputes are ongoing. Two, online real money gaming platforms are challenging retrospective GST notices amounting to ₹1.12 lakh crore, which exceed the industry's turnover of approximately ₹20,000 crore. The Supreme Court heard their arguments on July 15 and has scheduled its final hearing for July 25. Three, food delivery aggregators are wondering whether delivery charges attract 5% or 18% GST, which could further dent make or break their razor-thin margins. Four, airlines and shipping companies were mired in compliance issues around 'place of supply rules' that confused rather than clarified. Lastly, life and health insurance companies contended with 18% GST, a move that was passed on to already-burdened cases highlight that retrospective tax actions, especially those related to indirect taxes like GST, may impact not only compliance but also business overall "pay first, argue later" approach is also a hurdle for micro, small, and medium enterprises (MSMEs), which have minimal resources, including cash flows, to sustain specialised tax compliance teams. And the paperwork doesn't help. This includes mandatory multi-factor authentication for GST portal access and restrictions on E-Way Bill (EWB) generation to curb fraudulent practices, which have added yet another layer of complexity to daily operations. As Rajesh Sodhi, the entrepreneur from Ludhiana, says:'Tax refund delays are my biggest problem. I'm spending most of my time on GST-related tasks. I became a businessman to sell hosiery and other textiles, not to become a tax expert. But that's what this system has forced me to become."Although India's foreign direct investment (FDI) performance has shown resilience, recent data indicates moderation in investment momentum. In FY25, net FDI inflows dropped to a record 96.5%, as reported by The Economic Times. This has everything to do with investors exiting lucrative IPOs here and Indian firms ramping up overseas investments. But here's something to consider: the retrospective application of tax laws also undermines the principle of legal certainty, which is critical for investor confidence. Such enforcement imposes additional due diligence requirements and risk assessment protocols on foreign investors, particularly in sectors with complex supply chains and cross-border Financial Times reported that disputed tax demands, totalling around ₹13.4 lakh crore (as of March 2024), may have contributed to the decrease in net FDI inflows. Automaker Volkswagen is contesting a tax demand of approximately ₹12,000 crore related to import duties stemming from a 12-year investigation. Similarly, Maruti Suzuki (~₹20,000 crore) and Hyundai (~₹4,000 crore) are also among the top companies. Such prolonged battles and uncertainty surrounding tax obligations could raise concerns among investors about the predictability of India's tax are signs that policymakers are finally acknowledging pain points. Owing to Budget 2025, enterprises can expect some GST rate rationalisation in the 56th GST Council meeting, to be held later this month. Two major measures reportedly being considered are the elimination of the 12% slab and the abolition of GST altogether for term for businesses like Sodhi's, the question isn't whether reforms will come. It's whether they'll arrive soon enough. After eight years of promises and patches, India's entrepreneurs are running out of patience with the great tax answer, it seems, is written in the stars… or perhaps in the next GST Council meeting.

India's first hydrogen-powered train coach successfully tested at ICF Chennai: Union Minister Ashwini Vaishnaw
India's first hydrogen-powered train coach successfully tested at ICF Chennai: Union Minister Ashwini Vaishnaw

The Hindu

time18 minutes ago

  • The Hindu

India's first hydrogen-powered train coach successfully tested at ICF Chennai: Union Minister Ashwini Vaishnaw

Union Railway Minister Ashwini Vaishnaw on Friday (July 25, 2025) announced that the Indian Railways has successfully tested the country's First hydrogen-powered coach at the Integral Coach Factory (ICF) in Chennai. According to the Minister's social media X post, the country is working on a 1,200 horsepower hydrogen train, which will help India to place itself amongst the leaders in hydrogen-powered train technology ."First Hydrogen powered coach (Driving Power Car) successfully tested at ICF, Chennai. India is developing 1,200 HP Hydrogen train. This will place India among the leaders in Hydrogen powered train technology," Mr. Vaishnaw posted on 'X' .In 2023, Mr. Vaishnaw informed Rajya Sabha that Indian Railways has envisaged running 35 Hydrogen trains under "Hydrogen for Heritage" at an estimated cost of ₹80 crore per train and ground infrastructure of Rs 70 crore per route on various heritage and hill routes. Additionally, the Indian Railways has also awarded a pilot project for retrofitment of a Hydrogen Fuel cell on an existing Diesel Electric Multiple Unit (DEMU) rake along with ground infrastructure at the cost of ₹111.83 crores, which is planned to be run on the Jind-Sonipat section of Northern Railway. The running cost of a Hydrogen fuel-based train is not established in IR scenario. It is estimated that the initial running cost of the Hydrogen fuel train set will be higher, which will subsequently reduce with an increase in the number of trains. Further, the use of Hydrogen as fuel provides larger benefits in the direction of green transportation technology to support zero carbon emission goals as a clean energy source. Last year, in a significant step towards promoting sustainable transportation solutions, Hardeep Singh Puri, Minister of Petroleum & Natural Gas, showcased India's advancements in green hydrogen mobility by demonstrating a hydrogen-fuelled bus powered by India's oil PSU Indian Oil to the Prime Minister of Bhutan, Shri Tshering Tobgay and his delegation.

Phoenix Mills to buy CPP Investments' 49% stake in joint retail realty platform for Rs 5,450 cr
Phoenix Mills to buy CPP Investments' 49% stake in joint retail realty platform for Rs 5,450 cr

Time of India

time18 minutes ago

  • Time of India

Phoenix Mills to buy CPP Investments' 49% stake in joint retail realty platform for Rs 5,450 cr

The Phoenix Mills Ltd is set to acquire a 49% stake in its joint venture, Island Star Mall Developers Pvt Ltd (ISMDPL), from CPP Investments for Rs 5,450 crore. This move will increase The Phoenix Mills' ownership in ISMDPL to 100%. The transaction, aimed at consolidating ownership in high-performing assets, will be completed over three years. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Phoenix Mills Ltd will buy a 49% stake in its joint venture firm Island Star Mall Developers Pvt Ltd (ISMDPL) from CPP Investments for Rs 5,450 crore as part of its growth present, The Phoenix Mills and Canada Pension Plan Investment Board (CPP Investments) hold 51 per cent and 49 per cent stake in ISMDPL, completion of this deal, the company's stake in ISMDPL will rise to 100 per cent from the current 51 per company develops retail-led mixed-use to a regulatory filing on Thursday, The Phoenix Mills, CPP Investments and ISMDPL have entered into an arrangement to provide an exit to CPP Investments from this company's board has approved this agreement."CPP Investments shall receive an aggregate cash consideration of Rs 5,449.16 crore from the company and/or ISMDPL," the filing amount will be paid to CPP Investments in four tranches over a period of three Phoenix Mills might acquire 49 per cent equity stake of CPP Investments in the ISMDPL, or the JV firm could choose from options like dividend, share buyback and selective capital total portfolio of ISMDPL is around 4.5 million sq ft. ISMDPL owns 'Phoenix MarketCity Bengaluru' while its three subsidiaries own mix-use development in Pune, Bengaluru and JV firm posted a turnover of Rs 919.73 crore during the last fiscal."The proposed transaction is aligned with the company's strategic vision to consolidate ownership in high-performing assets comprised in the ISMDPL platform, with a clear long-term growth trajectory and generate sustainable long-term value," The Phoenix Mills company's developments are spread across retail, hospitality, commercial offices, and residential asset classes across major cities.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store