Delton Cable’s Q1 FY-24 Financial Numbers
YoY Comparison of Delton’s Financial Results: Q1 FY-24 vs. Q1 FY-23
Delton Cables reported a revenue of Rs. 69.53 crore from operations during Q1 of FY-24 against Rs. 64.44 crore clocked in Q1 of FY-23. This represents a sluggish YoY growth in revenue, with the company’s Q1 top line growing merely by 7.9%.
Profit of the company took a major hit, sliding by 47.08% to Rs. 1.27 crore in Q1 of FY-24 as compared to Rs. 2.40 crore clocked in Q1 of FY-23.
Delton’s Earnings Per Share (EPS) dropped to Rs. 1.47 in Q1 of FY-24 from Rs. 2.77 in Q1 of FY-23.
QoQ Comparison of Delton’s Financials: Q1 FY-24 vs. Q4 FY-23
From Q4 FY-23 to Q1 FY-24, Delton Cables’ revenue dropped by 13.63% from Rs. 80.50 crore, which was logged for Q4 of FY-23.
The company, however, reported net profit in Q1 of FY-24 after reporting a net loss of Rs. 4.33 crore in Q4 of FY-23.
Delton’s Share Price Drops 5% Post Announcement of Financials
Delton Cables’ share price dropped by 4.97% after the company announced its financials for the opening quarter of FY-24.
The company’s 10-year Compound Annual Growth Rate (CAGR) stands at 9% for revenue and 11% for profit respectively.
About Delton Cables Ltd.: Delhi-headquartered Delton Cables Ltd. is a manufacturer of electric cables, communication cables, and switchgear products. Established in 1948, the company’s clientele comprises several sectors including telecommunication, defence, power and mining, cement, oil and gas, steel, and infrastructure.