{"id":173855,"date":"2026-01-22T10:35:43","date_gmt":"2026-01-22T15:35:43","guid":{"rendered":"https:\/\/alphastreet.com\/india\/dynamic-cables-ltd-540795-q1-2026-earnings-call-transcript\/"},"modified":"2026-01-22T10:35:43","modified_gmt":"2026-01-22T15:35:43","slug":"dynamic-cables-ltd-540795-q1-2026-earnings-call-transcript","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/dynamic-cables-ltd-540795-q1-2026-earnings-call-transcript\/","title":{"rendered":"Dynamic Cables Ltd (540795) Q1 2026 Earnings Call Transcript"},"content":{"rendered":"

Dynamic Cables Ltd (BSE: 540795) Q1 2026 Earnings Call dated Jul. 23, 2025<\/span><\/strong><\/p>\n

Corporate Participants:<\/h2>\n

Unidentified Speaker<\/strong><\/p>\n

Ashish Mangal<\/strong> \u2014 Managing Director<\/em><\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Analysts:<\/h2>\n

Unidentified Participant<\/strong><\/p>\n

Natasha Jain<\/strong> \u2014 Analyst<\/em><\/p>\n

Piyush Sevaldasani<\/strong> \u2014 Analyst<\/em><\/p>\n

Balasubramanian<\/strong> \u2014 Analyst<\/em><\/p>\n

Aakash Jha<\/strong> \u2014 Analyst<\/em><\/p>\n

Naman Parmar.<\/strong> \u2014 Analyst<\/em><\/p>\n

Amit Agicha<\/strong> \u2014 Analyst<\/em><\/p>\n

Venkat<\/strong> \u2014 Analyst<\/em><\/p>\n

Raman KV<\/strong> \u2014 Analyst<\/em><\/p>\n

Khadija Mantri<\/strong> \u2014 Analyst<\/em><\/p>\n

Balasubramanian<\/strong> \u2014 Analyst<\/em><\/p>\n

Presentation:<\/h2>\n

operator<\/strong><\/p>\n

It. That’s it. Ram. Ladies and gentlemen, good day and welcome to Dynamic Cables Limited Q1FY26 earnings conference call. As a reminder, all participant lines will be in the listen only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing Star then zero on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Natasha Jain from Philip Capital. Thank you. And over to you ma’. Am.<\/p>\n

Natasha Jain<\/strong> \u2014 Analyst<\/em><\/p>\n

Thank you Shubham and good afternoon everyone. I on behalf of Philip Capital, welcome all of you to the first quarter FY26 earnings conference call of Dynamic Reviews Ltd. From the management today we have Mr. Ashish Mangal, Mandy Director, Mr. Murari Lal Poda, Chief Financial Officer and Mr. Govind Sabu, IR Advisor. I would request the management to give their opening remarks post which we shall open the floor for Q and A. Thank you and over to you sir.<\/p>\n

Ashish Mangal<\/strong> \u2014 Managing Director<\/em><\/p>\n

So good afternoon everyone. I, Ashish Mangal, Managing Director of Dynamic Cables extend a warm welcome to all of you joining us for Q1FY26 earnings conference call. I am pleased to report that Dynamic Cables has sustained growth trajectory from a previous quarter and delivered yet another quarter of consistent and robust performance achieving our highest ever quarter one revenue and profitability. This milestone is a reflection of our disciplined execution, strong demand of our products and unwavering focus on customer satisfaction. Our growing order book is testament to the trust placed in us by our clients reaffirming our execution capabilities.<\/p>\n

We remain confident that our focused expansion into new growth areas will form a solid foundation for sustained value creation. Looking ahead, we are optimistic about the structural growth opportunity within the power infrastructure sector. We see strong tailwinds from rural electrification, underground cabling, renewable energy and shift towards high voltage networks resulting in from vertical growth in TND infrastructure to meet rising per capita power consumption. Notably, the private DISCOMS has made substantial investments in distribution infrastructure over the last decade A trend that benefits us given our long standing partnership with leading corporates in the space. Our robust order book currently at 734crores as of June 30th, 2025 provides strong visibility for the quarters ahead.<\/p>\n

Ashish Mangal<\/strong> \u2014 Managing Director<\/em><\/p>\n

We are making steady progress on our capacity expansion plan with machinery currently in transit. The project remains on schedule and is expected to be commissioned in the second half of FY26. With that I would now like to invite our CFO Mr. Podrat to present the financial highlight for quarter quarter. Thank you.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Thank you as and good afternoon to everyone, we are pleased to report our highest ever first quarter revenue and record position in Q1FY26. Total revenue grew by 26% year on year while operating profit increased by 23% to 26.9 crore. Operating margin remained stable at 10.3% aligned with our long term guidance after Ted grew wise 57% reflecting our continued strength of our core operations and cost discipline. Customer mix of Q1 government sales 9% private sector sales 82% export 9% product mix of Q1 high voltage cable 51% low voltage cable 39% conductors 8% thank you and we are now open for questions.<\/p>\n

operator<\/strong><\/p>\n

Thank you very much. We’ll now begin with the question and answer session. Anyone who wishes to ask a question may press star and one on the Touchstone phone. If you wish to remove yourself from the question queue, you may press star and 2. Participants are requested to use handsets while asking a question. Ladies and gentlemen, we will wait for a moment while the question queue assembles. The first question is from the line of Piyush Sevaldasani from Sundaram. Alternates please go ahead.<\/p>\n

Piyush Sevaldasani<\/strong> \u2014 Analyst<\/em><\/p>\n

Yeah. Hi sir. Thank you for the opportunity and congrats for a great set of numbers. So my first question is if you can help me understand what was the volume growth in this quarter?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Volume growth was 28%.<\/p>\n

Piyush Sevaldasani<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay. So my second question is on the capacity because I think you mentioned that it will come up in the second half of this year. So considering that we are doing the bottlenecking exercise also. So do you think we would face any capacity constraint in the second half or 20% kind of growth is possible in FY26.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

So Piyush, we. I mean from the current setup the highest sales which we have done on a monthly basis is 125 crores which was done in March 25. So that is what is the delivery which we have already achieved in the past from the current setup and continuously we are investing in debottle making exercise for our current plants. And in the meantime till the time our current capacity gets saturated we believe that our new plant setup would come on board.<\/p>\n

Piyush Sevaldasani<\/strong> \u2014 Analyst<\/em><\/p>\n

Sure. Sir. Just one bookkeeping question. On the other expenses that has come by 45% year on year. Can you help me define why there’s a very big jump.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Can you repeat the question please?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Other expenses have increased almost by 45% year on year. If you can help me understand what is left to that. So this is largely this. Consider the freight expenditure, the sales commission, the all these power and manufacturing expenses. So this Is I think more to do with freight and sales and marketing experience.<\/p>\n

Piyush Sevaldasani<\/strong> \u2014 Analyst<\/em><\/p>\n

So for full year should we assume this 14 crore quarterly numbers going forward or you think this will come down going forward?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Generally around 5% of the revenue. You can assume that.<\/p>\n

Piyush Sevaldasani<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay. Yeah. Answer just one last question. Just one data point which you mentioned. LC creditors of balance sheet that has jumped again in first quarter to 90 crores. What is the reason for that? And also if you can help us what is the working capital days as of the end of first quarter?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

So these LC creators are basically. It is in the normal course of our business and whenever we want to. It’s just the kind of our working capital financing. So it keeps on varying on quarter on quarter basis. So it’s nothing fixed on that that front. So it’s in our routine course of business. And the working Capital is around 192. 100 days. Around 100 days for the quarter.<\/p>\n

Piyush Sevaldasani<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay, sure. Thank you, sir.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

So we have done on this quarter basis. Our sales to net working capital has been around. I mean you can just calculate it around four times.<\/p>\n

operator<\/strong><\/p>\n

Thank you. The next question comes from the line of Bala Subramanian from Arihant Capital. Please go ahead.<\/p>\n

Balasubramanian<\/strong> \u2014 Analyst<\/em><\/p>\n

Good afternoon sir. Thank you so much for the opportunities. I think sir, our order book raised around 57% year on year to 734 crore in this quarter. And what’s the breakup between low margin orders like LB cables versus high margin orders like HP solar cables.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

There is in the. We can give the order book. But just to clarify there is no margin differentiating low voltage and high voltage cable. It all depends upon the product specification of which the order is coming. So there may be a possibility that cable and there is no distinction as such. So that’s the clarifications of the management and.<\/p>\n

Balasubramanian<\/strong> \u2014 Analyst<\/em><\/p>\n

We. Okay, sir, our new plan is focused on like HVN solar cables and AL59 conductors. I just want to understand about that total addressable markets and RVR contribute going in terms of supplies.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Yeah. So solar cable Tam. We understand that it should be around 600,000 and it is expanding very rapidly. That is what we understand. And that that would be that. That is also a key growth area for us as a company. So we are. We are coming up with the E beam facility and in the new plant which will help us in increasing our market share in the solar cables.<\/p>\n

Balasubramanian<\/strong> \u2014 Analyst<\/em><\/p>\n

Thank you, sir. I’ll come back in queue.<\/p>\n

operator<\/strong><\/p>\n

Sure. Thank you. The next question comes from the line of Akash Jha from AJ Wealth. Please go ahead.<\/p>\n

Aakash Jha<\/strong> \u2014 Analyst<\/em><\/p>\n

Yes. Hi sir. So quarter on quarter Revenue is down around 20 21%. So is this purely seasoned or any execution or delay?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

So quarter on quarter this is a little bit seasonal business where Q4 is the highest and Q1 is the lowest. Traditionally the power sector behaves in this manner and that is why in line with the industry our revenue also behaves in the same way.<\/p>\n

Aakash Jha<\/strong> \u2014 Analyst<\/em><\/p>\n

So this is purely seasonal.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Yeah, traditionally it is, it is seasonal and it is all across the sector not only to us.<\/p>\n

Aakash Jha<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay and out of this 734 crore order group what is the execution visibility for next 2, 3\/4?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

So these all orders would. I mean the, the execution time is six to nine months.<\/p>\n

Aakash Jha<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay. And what is our EBITDA margin outlook?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Sir we have always maintained that we our EBITDA margin would be in the range of 10 to 10 and a half percent. That is the corridor where we would. Be operating<\/p>\n

Aakash Jha<\/strong> \u2014 Analyst<\/em><\/p>\n

in medium term also next to two to three years.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

It’s difficult to say about what will happen after two, three years. But yes in the term it will be 10, 10 and a half percent.<\/p>\n

Aakash Jha<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay and and last month on this new plant that will be commissioned in H2. So what is the total capex?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Total capex is around 35 crore.<\/p>\n

Aakash Jha<\/strong> \u2014 Analyst<\/em><\/p>\n

35 crore. And what is the expected peak revenue from this capacity?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

So we do around six to seven times of our investment as revenue capacity.<\/p>\n

Aakash Jha<\/strong> \u2014 Analyst<\/em><\/p>\n

And, and I mean how much time it will take to reach optimum capacity.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

We’Ll try to reach as soon as possible.<\/p>\n

Aakash Jha<\/strong> \u2014 Analyst<\/em><\/p>\n

I mean any timeline, two years or three years.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

It’S difficult to predict. But you can go by our order book. I think that is the better position to kind of assess our deliverable sales rather than going into other things.<\/p>\n

Aakash Jha<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay. Okay, thank you.<\/p>\n

operator<\/strong><\/p>\n

Thank you. The next question comes from the line of Naman Parmar from Nivisha Investments. Please go ahead.<\/p>\n

Naman Parmar.<\/strong> \u2014 Analyst<\/em><\/p>\n

Yeah. Good afternoon sir. Thank you so much for the opportunity and congratulations on great side number. So firstly I wanted to understand after this 35 crore capex that you are going to spend and it will be live by chat enough how, how much land is available for further capex? Is any land available for us to.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Increase the capex we have in the last quarter we have actually bought one land also around 15,15,000 square meters for future CAPEX. Keeping in mind the future capex outlet it is very near to our existing plants only. And this all this land is also quite a large chunk of land. It is around 35,000 square meters where the, where the new plant is coming. And this 35 crore capex we are talking about is just the first phase of the capex. So there is a scope of further expansion in the existing plant existing land itself.<\/p>\n

Naman Parmar.<\/strong> \u2014 Analyst<\/em><\/p>\n

So out of 100% how much land has been utilized for 35 crore for 35,000 square feet area. Almost 16 to 20,000 meters of land will be used. Okay, so another 15,000 and 10,000 square meter of land is available for the CAPEX.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Exactly, exactly.<\/p>\n

Naman Parmar.<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay. And how much time it used to take?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Okay, no problem.<\/p>\n

Naman Parmar.<\/strong> \u2014 Analyst<\/em><\/p>\n

Yeah, correct. Okay. And how much time it will used to take to commence the capex? If you announced today only then how much time it used to take to commercialize the operation.<\/p>\n

Ashish Mangal<\/strong> \u2014 Managing Director<\/em><\/p>\n

So normally CAPEX is defined by the type of the cables what we intend to do in that capex. So there are a lot of government permissions required in for different type of cables. So for solar the new plant we have already defined timelines and for whatever new Capex it comes, it will come with a prescribed timelines as per the new project. Because it may be HT cable, it may be LT cable. So there are different categories of cable according to which the timelines are there.<\/p>\n

Naman Parmar.<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay, then also it will be taking around how much? Five to six months or anywhere between seven to eight months.<\/p>\n

Ashish Mangal<\/strong> \u2014 Managing Director<\/em><\/p>\n

I think not less than nine months but vary from nine months to one and a half year.<\/p>\n

Naman Parmar.<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay. And lastly on the any new product we are launching during the quarter already.<\/p>\n

Naman Parmar.<\/strong> \u2014 Analyst<\/em><\/p>\n

This solar DC cable is in pipeline and other few products are at R and D stage which once we are at a stage where we can disclose it, we will definitely disclose it.<\/p>\n

Naman Parmar.<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay. And lastly on the export side what is your outlook? And after the tariff how is the changes that happen? Even the US is not major for us. Then also overall what is your outlook for the export Outlook seems good.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

I guess your numbers are much better than the last year numbers and we expect a good number growth in overall FY26 and that will be apart from us. So for our US upcoming US market we can expect the numbers to come in end of FY26 to or in FY27.<\/p>\n

Naman Parmar.<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay. Okay. Thank you so much for answering. Thank you. Thank you.<\/p>\n

operator<\/strong><\/p>\n

Thank you. The next question comes from the line of Amit Ageha from EDG Hawa. Please go ahead.<\/p>\n

Amit Agicha<\/strong> \u2014 Analyst<\/em><\/p>\n

Good afternoon sir. Thank you for the opportunity. My question was connected to the current size and mix of the order book. The domestic versus exports.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Export is around around 12 13% of our order book.<\/p>\n

Amit Agicha<\/strong> \u2014 Analyst<\/em><\/p>\n

And would it be possible for you to.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Sorry, 15% is our export order book and 85% is our domestic order book.<\/p>\n

Amit Agicha<\/strong> \u2014 Analyst<\/em><\/p>\n

15% which geographies are you covering?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Mostly currently we are only in Asia and Africa. Mostly we don’t export to west as of now.<\/p>\n

Amit Agicha<\/strong> \u2014 Analyst<\/em><\/p>\n

The current debt levels in expected trajectory by the year end.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Current debt levels we have already mentioned in our press release. So on a net debt basis we are having a 60 crores debt level currently and I think there would not be much increase. It has, it has much, much variation in the debt levels from the current levels.<\/p>\n

Amit Agicha<\/strong> \u2014 Analyst<\/em><\/p>\n

Which will be doing for the new plan like that will be from the internal accruals.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Internal accruals, absolutely. So from the long term debt angle we should be, we should be free by year end from our all our long term debt and then it will just be only working capital debt which will be on the. On our books.<\/p>\n

Amit Agicha<\/strong> \u2014 Analyst<\/em><\/p>\n

Thank you for answering my question sir. All the best for the future.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Thank you.<\/p>\n

operator<\/strong><\/p>\n

Thank you. Thank you. The next question comes from the line of Venkat from Three Sigma financials. Please go ahead.<\/p>\n

Venkat<\/strong> \u2014 Analyst<\/em><\/p>\n

Thanks for the opportunity and congratulations for good set of numbers. My first question is in the last quarter you mentioned we have order book of 726 crores. And you just mentioned that our capacity is 125 crores per month. So why couldn’t we meet? I’m just trying to understand what prevented us from meeting the 375 crores this quarter.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

It is the potential capacity which is there number one and number two the order book, the delivery schedules and the dispatch schedule and the offtake depends upon the customer requirement. But as and when we get that delivery schedule the customer off takes based on. Based on his requirement.<\/p>\n

Venkat<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay, so will that leave some capacity for us? Unutilized. Capacity for us?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Unutilized?<\/p>\n

Venkat<\/strong> \u2014 Analyst<\/em><\/p>\n

Yeah.<\/p>\n

Venkat<\/strong> \u2014 Analyst<\/em><\/p>\n

So say for instance you know if we don’t get the delivery schedule or for some period then will we have like unutilized capacity?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

It means it may, it may remain so Optimum capacity utilization should be, should be 90, 80. 90%. 80 to 90%.<\/p>\n

Venkat<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay, the next question is we said like us we are going to start from end of this last quarter of this year or early next quarter next year. So wanted to understand are there some approvals we are waiting for?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Yes sir. Yes sir. So we have, there are, there is an approval pipeline. We have got approval for two products and we are expecting that there is pipeline of further new products which we should be expecting. Once we get the approval process completed then we will be able to set up or approach the distribution channel in us.<\/p>\n

Venkat<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay, thank you. That’s all from my.<\/p>\n

operator<\/strong><\/p>\n

Thank you. The next question comes from the line of Natasha Jain from Philip Capital. Please go ahead, ma’.<\/p>\n

Natasha Jain<\/strong> \u2014 Analyst<\/em><\/p>\n

Am. Thank you. My first question is on the volume board that you said that we’ve done 28% volume growth. Just trying to understand is there any pricing pressure in terms of the EPC contract prices?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

No, it’s not about pricing pressure, Natasha. I think it is the aluminium prices year on year. If you look at it, they were 3, 4% down. That is the main reason.<\/p>\n

Natasha Jain<\/strong> \u2014 Analyst<\/em><\/p>\n

Got it. That’s clear. And my second and last question is on the distribution side. So I understand that dynamic cables is more concentrated on the distribution leg of the power value chain. So I wanted to understand that. See there is a one, one and a half year delay in terms of the entire transmission distribution capex that the government is doing. Can we expect any lumpy orders from the previous delays plus the ongoing orders?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

So I mean the order book which we are witnessing is very healthy and order book growth is also very healthy. You can see from our numbers. So basically we are quite. I mean our order book is very encouraging for future growth. So we are not experiencing any kind of. I mean even if you are saying that there is a delay, it’s more on the transmission side than on the distribution side. Because whatever experience we are getting we are getting quite a healthy order book growth for our business.<\/p>\n

Natasha Jain<\/strong> \u2014 Analyst<\/em><\/p>\n

Got it? Understood. Thank you so much. That’s all.<\/p>\n

operator<\/strong><\/p>\n

Thank you. The next question comes from the line of Raman KV Frequent Investments. Please go ahead.<\/p>\n

Raman KV<\/strong> \u2014 Analyst<\/em><\/p>\n

Hello sir, just a clarification on the initial question. You said the new plant was built. The area. Where the new plant is going to commence it was 35,000 square meter. And you still have 10 to 15,000 square meter of the neighborhood. Right?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

So the land area is 35,000. We are using almost 15 to 20,000. And the rest of the land will be kept for the future CAPEX plan.<\/p>\n

Raman KV<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay, sir. And sir, my next question is with respect to the new plant. You said you will be getting to solar cables and hexing cables. What is the TAM with respect to reducing cables? And who are the two leading, like who are the competitor when it comes to solar DC cables. So solar cables we expect, we estimate the TAMP to be around 6 to 7,000 crores as of now. And in terms of competitors, I think Polycap, Sinolex, Apar, these are, these are our key competitors. And sir, my last question is with respect to the margins.<\/p>\n

So this quarter the margins were impacted by increase in site and sales expenditure. And Q3, your new plant will also be commissioned. So in Q2 also will there be a margin compression because of the cost of from the new plant. So we’ve always said that margins are more, more. More driven by the product mix and the revenue mix of our company. And we believe that we would be able to maintain our margin between 10 to 10 and a half percent going forward. Also my understanding is from the current capacity you can do around 1100 crores of revenue, right? Not including the new plant.<\/p>\n

So I think what we had disclosed somewhat some couple of quarters back was that from our current capacity we can achieve around 1150-1200 crores and that. That is what we had. That, that and the new plan which you commissioned you’ll be having an incremental revenue of 200. Can we expect this to the new plan to be ramped up to 200 levels by.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

26, 27. Right? Okay.<\/p>\n

Raman KV<\/strong> \u2014 Analyst<\/em><\/p>\n

Thank you sir.<\/p>\n

operator<\/strong><\/p>\n

Thank you. The next question comes from the line of Priyanshi Kankani from Brighter Mind Asset Management. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Congratulations sir for setting good setup number. Sir, I have a few questions to ask. So the first one is how we are differentiating ourselves from peers like Kai, Polycab and other peers in the cable segment.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

So Dynamic Cables is offering a variety of cables and we are purely into B2B business. If you see the other players like Polycab and Kei or say Pheronix or Havel, most of these are mix of B2C and B2B and whereas we are purely B2B player so we offer a bunch of products to these EBC contractors and utilities wherein they are very comfortable buying all the products under one umbrella. So I think this is one differentiating factor and second is the execution capabilities and the customer satisfaction we believe is much higher in case when Dynamic Cables is supplying the material in comparison to the other competitors at the moment.<\/p>\n

So these two things majorly I see as a differentiating one.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Understood sir. RB have any plan to extend future.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

So there is always a pipeline of some products in R and D and so we have a team of couple of people who always keep on exploring new products and some diversification in current cable types also. So that wherever we see the feasibility and the right market and the right market size for us there and then we decide to go in for and that that is formally announced thereafter along with the Capex plan.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Understood sir. So how we are managing volatility in copper and aluminum price in this quarter?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

So ma’, am, most of our orders carry a price variation clause. We try to avoid firm price orders for a very long term and for all orders other Than that we have a variable clause wherein the price escalation or downwards are both covered under the po. So there is more volatility for us.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

So one last question. Do we have any plan for backward integration or any other strategic tie up in the future?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Not at the moment.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Thank you so much. Thank you sir.<\/p>\n

operator<\/strong><\/p>\n

Thank you. The next question comes from the line of Khadija Mantri from Capri. Go ahead.<\/p>\n

Khadija Mantri<\/strong> \u2014 Analyst<\/em><\/p>\n

Yeah. Good afternoon sir. Congratulations on a good set of numbers. One observation that I have is that the gross margins have improved from 18.9% in last year’s corresponding quarter to 19.2%. Now we are seeing that the aluminum prices have declined. So does it mean that our product mix is getting better towards high value, high margin products and whether this trend will continue?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

It is very, I mean these are all very small variations which keep on happening based on revenue mix of on which again varies from quarter to quarter. So we have our gross margins vary between 18% to 20%. That has been a traditional trend and this is how we wish to work on future also. So this is our strategy and quarter on quarter day you may see some variation here and there. Half a percentage here and there due to the revenue mix.<\/p>\n

Khadija Mantri<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay sir. And also the 97 crore funds that we raised through prep and shares. Can you give us the breaker that how, how much has been utilized so far and what.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

I think the entire detailed disclosure is there on the, along with the, on the, on the, on the stock exchange we have utilized around 71 crores of funds which were raised and till the 30th of June and most of them is used in working capital and around 19 crores is used in the capex.<\/p>\n

Khadija Mantri<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay sir, thanks.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

And also if you can once again give the breakup of sales between HTLT and conductors.<\/p>\n

Khadija Mantri<\/strong> \u2014 Analyst<\/em><\/p>\n

Yeah, sure. So ST sales was around 50, 50%, 51% and LT sales was around 40%.<\/p>\n

Khadija Mantri<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

And that is conductance. And, and just to give a clarification, these LT sales also include the solar cable sales.<\/p>\n

Khadija Mantri<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay, got it sir.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Yeah. So LT lt the solar cables are classified under lt.<\/p>\n

Khadija Mantri<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

And. And the share of solar cable was around. I’ll just give you 10%.<\/p>\n

Khadija Mantri<\/strong> \u2014 Analyst<\/em><\/p>\n

10%. Okay. 10% of the total hundred percent or out of 40% share of solar it’s 10%.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

No, out of the 100%.<\/p>\n

Khadija Mantri<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay. Okay. So that’s all from my side. Thank you.<\/p>\n

operator<\/strong><\/p>\n

Thank you. The next question comes from the line of Kushal from Invade Research. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah, hi, thanks for taking a question. Just to follow up on the Previous session. How do you classify LT and hd? In what case do you say it is?<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Can you come again?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

LT and LT capacity.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

So capacity of the rating. Rating.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

So it is 1.1kV all cable up to 3kV, 1.1 to 3kV comes under low voltage for us above. Then 3kV up to 33 and 66 which are our manufacturing rate comes under high voltage and medium voltage.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Understood? Understood. Thanks. Also sir, I am seeing that as for government in the transmission last year versus this year the overall transmission meter lines disclosed are doubling. I’m not sure about what is happening on distribution side. Looks like you have like major focus on the distribution side of things. So I just need to understand is the distribution side growth happening? The transmission is getting 2x. So this growth is much lower than transmission growth. And are losing market share market or are we market share.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Distribution is a byproduct of transmission. So as the transmission capacity grows up then it is followed by distribution capacity ramp up.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Transmission is grow, is growing and distribution will. Is what you’re saying.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

It has to follow up. Otherwise how will the electricity get consumed?<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. Can you tell me about a proxy market share which you have and whether to gaining or losing market.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Your voice is not audible. Yeah.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Yeah. Is it better now or should I?<\/p>\n

Unidentified Participant<\/strong><\/p>\n

So I wanted to know out of the total distribution growth which India is seeing, are we losing market share in this market or are we gaining? Because it is roughly around 25 26% market also known in this line.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

So we have been growing and we intend to grow at 1.5 times the industry growth.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. So for one point time, so current maybe industry is growing at 15, 20%. You are growing at 25%. Yes.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Yes. Yes. Yes.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. Fair enough.<\/p>\n

operator<\/strong><\/p>\n

Thank you. The next question comes from the line of Bala Subramanian from Ariant Capital. Please go ahead.<\/p>\n

Balasubramanian<\/strong> \u2014 Analyst<\/em><\/p>\n

Thank you, sir. So what is the margin difference between domestic and export orders? And UL approval is in progress. Post approval. Like what kind of effective we have on the export side? This is my first question.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Margins are almost common in margin profile takes on the order. So it varies from order to order. So it has nothing to do with export. Or on the UL side we are getting the approvals. We have a healthy approval pipeline, product pipeline which are under the approval process. And as we discussed earlier in the call, we expect the Facebook is.<\/p>\n

Balasubramanian<\/strong> \u2014 Analyst<\/em><\/p>\n

Hello.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Sir. Sorry to interrupt. You were not audible what you said before. Can you please repeat it again?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

So the margin profile is almost similar in export versus domestic. So there is not much difference. However it varies from Order to order depending upon the product mix in a particular order. Secondly, on the UL side there is a healthy product pipeline which is under approval. And we expect the sales in us to kick off by end of this financial year or the early part of next financial year. This is what the plan is.<\/p>\n

Balasubramanian<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay sir. So on that E team technology side what are the advantages and cost efficiencies we have in our plant?<\/p>\n

Balasubramanian<\/strong> \u2014 Analyst<\/em><\/p>\n

Can you repeat the question?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

So on that we are using E beam technologies, what are the advantages and cost efficiencies we have in our plant?<\/p>\n

Balasubramanian<\/strong> \u2014 Analyst<\/em><\/p>\n

E beam is produces a particular type of that can be external exposure.<\/p>\n

Ashish Mangal<\/strong> \u2014 Managing Director<\/em><\/p>\n

So I think it has nothing to do with cost rationalization. It is a basic requirement. When you manufacture any solar DC cable you need a EB process to make it more stronger and more lifelong cables.<\/p>\n

Balasubramanian<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay sir. So post yield approval we can able to supply to es. And right now the tariff risk are there. How we are going to manage whether we have to entirely absorb the tariffs or we have to pass through to the customers.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

So I think we will be coming or era. So whatever would be the market trend at that particular point of time we will have to adopt our business also accordingly.<\/p>\n

Balasubramanian<\/strong> \u2014 Analyst<\/em><\/p>\n

Okay sir. Thank you.<\/p>\n

operator<\/strong><\/p>\n

Thank you. The next question comes from the line of mehul Panjwani from 40 cents. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Thank you so much for the opportunity. In earlier question you mentioned that primarily dynamic cable is into B2B. So are we not doing any retail sales at all? Household?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Yeah, we are not into household buyers. We are hundred percent into B2B sales.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. I mean right now some work is going on in my house. So our contractor has got polycap. So that means for household there is no product which is manufactured by dynamic, is it?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Yes. Yes. Yes.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. And what the margins are higher in B2B compared to detail.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

I mean it’s difficult to kind of comment on the business which we are not doing. So we can only talk about the business which we are doing.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

What is the strategy behind not doing retail? Any particular strategic decision?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Because it is a completely different way of doing business. It’s more distributor LED sales, branding led which we are not into. We are into principal to principle business.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

So how many such principles do you have on your panel? I mean how many contractors have been.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

I mean there are many contractors. We are working. We are working with almost every. Every big contractor or every meaningful contractor who is there in our country.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, so can you name a couple of them? I mean I just because of my ignorance, I just want to understand lnp,<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Adani, bses Right.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, answer. You also mentioned that you are in the solar space as well. So is there any difference in competition in the solar visa with the normal traditional energy?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Yes, there is a. There is competition.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

No, no, the competition is different in both the areas.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

No, it’s almost. I mean there are few players, fewer of our competition. Some of our other peer cable manufacturers also manufacture solar cables as we are doing.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

But some of them don’t mention. Right. Don’t manufacture. I think Kei doesn’t do. Kei doesn’t do solar. Right?<\/p>\n

Ashish Mangal<\/strong> \u2014 Managing Director<\/em><\/p>\n

Not sure, not sure about.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

I know, I. I know you cannot count. Sorry and thank you so much for patiently answering the question.<\/p>\n

operator<\/strong><\/p>\n

Thank you. The next question comes from the line of Soham from RV Investments. Please go ahead. Hello, Soham sir, you’re not audible.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Hello, Am I audible?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Yes, yes, yes<\/p>\n

Unidentified Participant<\/strong><\/p>\n

sir, my question is answered. But I had a doubt sir, when we say that our current capacity is like 111 to 1100 to 1200 crores per annum. So that is like roughly 9200 crores per month. And you also mentioned that in a month like March we did 125 crores. So when we, you know, do this 125 crore, the product mix is such that our EBITDA margins get hurt. Is it that way?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Just to give a clarification for all the listeners, just let me know that there is no particular measurement of our capacity, of the capacity in our business because all our machines are fungible and all our products or the orders are customized. So it’s not a standard production which is going on the machines 24 hours. It is more. Each and every order is a different order which we get. And we have to customize our production based on the order specification, on the product specification which we receive under the order. So it is a very, very indicative number which we can comment on our capacity.<\/p>\n

But what we are indicating to the investors or for the benefit of the investors and our stakeholder is that we have done the maximum sales which we have achieved or delivered up till now is 125 crores. And we are able to achieve around 80 to 90% of our optimum capacity on a year round basis. Because that is what an indication which we can provide to our customers, to all our investors.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay sir, understood. Understood. That was helpful.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

So if you, if you multiply 125 by 12 it comes to around 1500 crores and optimum capacity which we can, which, which is achievable, keeping in mind year round, year around seasonality, it is around 80 to 90%.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay sir. Understood.<\/p>\n

operator<\/strong><\/p>\n

Thank you. The next question comes from the line of Garvita from seven islands pm. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Hello sir. Good afternoon sir. I wanted to understand about the geographical expansion of the manufacturing facilities. If I’m not wrong, green expansion which we are doing is in the same facility, right?<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

No, it’s not in Sabai Madhura. It is in Ringas. It is almost 60 km away from Jaipur where already we have a running plant.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. And are we planning to expand the manufacturing facilities either towards north northern India or southern part of India? Like I want to know about the geographical expansion that we are planning.<\/p>\n

Murari Lal Poddar<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Not in near term. Not in near term. Not in the autumn. So the new land which we have purchased last year, that. That is also around the current. Current plant which we have. Yes, yes, yes, yes.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

All right. Thank you so much.<\/p>\n

operator<\/strong><\/p>\n

Thank you. The next question comes from the line of Bhavya Dadia from Chris pms please. Word.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Thank you for the opportunity and congratulations on a great set of numbers. I wanted to ask about our products of like cover conductors, EV cables, railway signaling. Like what kind of progress is happening in these products and what kind of growth are we seeing? So we are currently doing lot of medium voltage covered conductors which you just said railway cables. Definitely the volumes have dipped down a lot because we see a good margin in the future. And the third thing was the EV cables. So.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Right. We are not manufacturing and supplying any cables.<\/p>\n

operator<\/strong><\/p>\n

Thank you ladies and gentlemen. In the interest of the time that was the last question. I would like to hand over the conference over to the management for closing comments. Thank you. And over to you sir.<\/p>\n

Aakash Jha<\/strong> \u2014 Analyst<\/em><\/p>\n

Thank you. Thank you everyone.<\/p>\n

operator<\/strong><\/p>\n

On behalf of Dynamic Cables Ltd. That concludes this conference. Thank you for joining us. And you may now disconnect your lines. It.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dynamic Cables Ltd (BSE: 540795) Q1 2026 Earnings Call dated Jul. 23, 2025 Corporate Participants: Unidentified Speaker Ashish Mangal \u2014 Managing Director Murari Lal Poddar \u2014 Chief Financial Officer Analysts: Unidentified Participant Natasha Jain \u2014 Analyst Piyush Sevaldasani \u2014 Analyst Balasubramanian \u2014 Analyst Aakash Jha \u2014 Analyst Naman Parmar. \u2014 Analyst Amit Agicha \u2014 Analyst […]<\/p>\n","protected":false},"author":2377,"featured_media":147581,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6349],"tags":[10169,9175,9104,9092,14492,13842,10089],"class_list":["post-173855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transcripts","tag-earnings","tag-earnings-call","tag-earnings-conference","tag-earnings-transcripts","tag-financial-results","tag-motherson","tag-quarterly-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":109778,"url":"https:\/\/alphastreet.com\/india\/infosys-limited-infy-q4-2021-earnings-call\/","url_meta":{"origin":173855,"position":0},"title":"Infosys Limited (INFY) Q4 2021 Earnings Call","author":"Sahil Anand","date":"April 21, 2021","format":false,"excerpt":"Infosys Limited (NYSE: INFY) Q4 2021 earnings call dated\u00a0Apr. 14, 2021 Corporate Participants: Sandeep Mahindroo\u00a0\u2014\u00a0Vice President, Financial Controller & Head \u2013 Investor Relations Salil Parekh\u00a0\u2014\u00a0Chief Executive Officer and Managing Director Pravin Rao\u00a0\u2014\u00a0Chief Operating Officer and Whole-time Director Nilanjan Roy\u00a0\u2014\u00a0Chief Financial Officer Analysts: Ankur Rudra\u00a0\u2014\u00a0JPMorgan \u2014 Analyst Diviya Nagarajan\u00a0\u2014\u00a0UBS \u2014 Analyst\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":130692,"url":"https:\/\/alphastreet.com\/india\/lupin-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":173855,"position":1},"title":"Lupin Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"June 17, 2022","format":false,"excerpt":"https:\/\/youtu.be\/KuHcJgOThAg Key highlights from Lupin Ltd (LUPIN) Q4 FY22 Earnings Concall \u00a0 Q&A Highlights: Pritesh Vora - Mission Street India - Analyst Total investment made in the biosimilar pipeline till now? Ramesh Swaminathan -- Executive Director, Global CFO A lot of LUPIN\u2019s biosimilars is under partner programs. The risk of\u2026","rel":"","context":"In "Concall Highlights"","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":41715,"url":"https:\/\/alphastreet.com\/india\/wipro-limited-wit-q2-2020-earnings-snapshot\/","url_meta":{"origin":173855,"position":2},"title":"Wipro Limited (WIT): Q2 2020 Earnings Snapshot","author":"Toby","date":"October 15, 2019","format":false,"excerpt":"-- Wipro Limited (NYSE: WIT) reported second-quarter 2020 earnings of $0.06 per share, in line with Wall Street projection -- Revenues grew 4% to $2.14 billion, vs. $2.13 billion expected. -- In Q2, IT Services revenue grew 2.5% to $2.05 billion. -- Wipro expects IT Services revenue to be $2.065\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"Earnings Update by AlphaStreet","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-Coverage-5.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-Coverage-5.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-Coverage-5.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-Coverage-5.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-Coverage-5.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":142292,"url":"https:\/\/alphastreet.com\/india\/kpr-mill-ltd-kprmill-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":173855,"position":3},"title":"KPR MILL LTD (KPRMILL) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 21, 2023","format":false,"excerpt":"KPR MILL LTD (NSE:KPRMILL) Q3 FY23 Earnings Concall dated Feb. 7, 2023. Corporate Participants: P L Murugappan\u00a0--\u00a0Chief Financial Officer Analysts: Abhishek Nigam\u00a0--\u00a0B&K SECURITIES -- Analyst Kapil Jagasia\u00a0--\u00a0Nuvama -- Analyst Muthu Kumar\u00a0--\u00a0Fidelity Ventures -- Analyst Unidentified Participant\u00a0--\u00a0-- Analyst Presentation: Operator Ladies and gentlemen, good day and welcome to the KPR Mill\u2026","rel":"","context":"In "Consumer"","block_context":{"text":"Consumer","link":"https:\/\/alphastreet.com\/india\/category\/consumer-stocks\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":145428,"url":"https:\/\/alphastreet.com\/india\/shakti-pumps-india-limited-shaktipump-q4-fy23-earnings-concall-transcript\/","url_meta":{"origin":173855,"position":4},"title":"Shakti Pumps (India) Limited (SHAKTIPUMP) Q4 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"May 9, 2023","format":false,"excerpt":"Shakti Pumps (India) Limited (NSE:SHAKTIPUMP) Q4 FY23 Earnings Concall dated May. 08, 2023. 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