Dynamic Cables Shares Plummet 20% Following Q4 Earnings Report
Multibagger small-cap stock Dynamic Cables plunges 20% after Q4 results
Mint
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Dynamic Cables, a small-cap stock, saw its shares drop by 20% to ₹325 after reporting modest Q4 results. Despite a 3% year-on-year growth in net profit, investor sentiment soured, marking the stock's largest single-day decline in recent times.
- 01Dynamic Cables' stock fell 20% to ₹325 after Q4 results.
- 02The company reported a 3% year-on-year growth in net profit at ₹24 crore.
- 03Revenue from operations increased by 7% to ₹356 crore.
- 04The order book rose to ₹808 crore, up from ₹787 crore in the previous quarter.
- 05Despite the drop, the stock is still up 244% over the last three years.
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Dynamic Cables experienced a significant 20% drop in its share price, reaching ₹325 on May 12, following the announcement of its Q4 financial results. The company reported a modest 3% year-on-year growth in net profit, totaling ₹24 crore, while revenue from operations increased by 7% to ₹356 crore. For the full financial year 2025-26, Dynamic Cables achieved a 17% increase in revenue, reaching ₹1,198 crore, and a 30% rise in net profit, which climbed to ₹84 crore from ₹64.8 crore the previous year. Despite the recent decline, the stock remains 244% higher over the past three years and has surged nearly 1,200% over the last five years. The company’s order book has also seen an increase, now standing at ₹808 crore. Managing Director Ashish Mangal highlighted the company’s focus on high-value products and financial discipline as key factors contributing to its performance amidst a volatile economic environment.
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The drop in share price could affect investor confidence and market perception of Dynamic Cables, potentially leading to reduced investment interest.
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