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Delton Cables Announces Q2 FY24 Results: Revenue Jumps 50.99%, PAT Grows 2.4 Times

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Delton Cables Limited [BOM: 504240], Indian cable and switchgear manufacturing company, has announced its financial results for second quarter of FY-24.

Delton Cables’ Q2 FY-24 Financial Figures

YoY Comparison of Delton Cables’ Financials: Q2 FY-24 vs. Q2 FY-23

Comparison of Delton’s Financials: Q2 FY-23 vs. Q2 FY-24 vs. Q1 FY-24

Delton Cables reported Rs. 89.87 crore as its revenue from operations for Q2 of FY-24. This shows an impressive 50.99% YoY jump in revenue Rs. 59.52 crore clocked during Q2 of FY-23.

PAT of the company increased to Rs. 3.33 crore which is 2.4 times the company’s Q2 FY-23 profit of Rs. 0.93 crore.

Earnings Per Share (EPS) of the company increased to Rs. 3.86 during Q2 of FY-24 from Rs. 1.08 in Q2 of FY-23.

QoQ Comparison of Delton’s Financial Figures: Q2 FY-24 vs. Q1 FY-24

On a Quarter-over-Quarter (QoQ) basis, Delton’s revenue from operations increased by 29.25% from Rs. 69.53 crore logged during Q1 of FY-24.

Delton’s PAT displayed a remarkable growth QoQ, with Q2 profit jumping to 2.06 times of company’s Q1 PAT in FY-24. Delton’s Q1 FY-24 PAT stood at Rs. 1.27 crore.

About Delton Cables Limited: Delton Cables Ltd. was founded in 1948. The company manufactures electrical cables, communication cables and switchgear products. Delton Cables caters to the requirements of several sectors, including power and mining, defence, oil and gas, cement and steel, telecommunication, and infrastructure.