Delton Cables Shows Remarkable Q1 FY23 Results: Revenue Up 111.90% YoY
Delton Cables Limited [BOM: 504240], a Delhi-based cable manufacturing company, has announced its financials for the first quarter of the 2022-23 financial year.
Delton Cables’ Standalone Financial Results for Q1 of FY-23
Y-o-Y Comparison of Delton’s Q1 Financial Performance: Q1 FY-23 vs. Q1 FY-22
Delton Cables reported Rs. 64.44 crore as its revenue from operations during Q1 of the current fiscal. This figure amounts to a staggering 111.90% increase from Rs. 30.41 crore revenue, which was reported for the first quarter of FY-22.
Net Profit of the company also increased Year-over-Year (Y-o-Y) remarkably by 249.07% to Rs. 2.39 crore for Q1 of FY-23. Delton Cables had recorded a loss of Rs. 1.61 crore during the same period in the previous fiscal.
Q-o-Q Comparison of Delton’s Financial Results: Q1 FY-23 vs. Q4 FY-22
Comparison of Delton’s financials for Q1 of FY-23 with its financial performance during Q4 of FY-22 reveals an increase of 34.33% in revenue from operations. In the fourth quarter of the previous fiscal, the company had recorded a revenue of Rs. 47.97 crore.
Net Profit of the company plummeted by 18.36% to Rs. 2.39 crore in Q1 of FY-23 from Rs. 2.94 crore in the last quarter of 2021-2022.
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.