Delton cables Ltd. [BOM: 504240], the 70+ year old Indian manufacturer of electrical and telecommunication cables, has announced its standalone financial results for the quarter ended September 30, 2021.
Analysis of Delton Cables Financial Results
YoY Comparison of Delton Cables Results: Q2 FY22 and Q2FY21
Delton cables total revenue for the quarter ended September 30, 2021 was ₹ 39.80 Crore, almost flat against ₹ 40.04 Crore in the corresponding 2nd quarter of FY21.
Net profit of Delton cables for Q2 FY22 has increased by 14.16%, and stood at ₹1.41 Crore against ₹1.24 crore in the corresponding quarter of the previous year.
QoQ Comparison of Delton Cables Results: Q2 FY22 and Q1 FY22
Delton’s revenue increased by 30.56% in Q2 FY22 compared to ₹30.41 Crore in the 1st quarter of FY22. Net Profit of the company has also gone up by 198%, touching ₹ 1.41 Crore in Q2 FY22 as compared to a loss of ₹ 1.61 Crore incurred in Q1 FY22.
Other Financial Metrics of Delton Cables
Debtor days of Delton cables increased by 32% to 99 days in FY21, up from 75 days for FY20. Debtor days are the average number of days required for a company to receive payments from its customers.
Inventory days have also increased to 259 days in FY21, an increase of 5.7%, up from 245 days of FY20. Inventory days indicates the average time in days that a company takes to turn its inventory or how fast a company is moving its inventory.
Days Payable of Delton cables have decreased by 14.4% touching at 89 days in March 2021, down from 104 days in March 2020. Days Payable indicates the average time (in days) that a company takes to pay its bills and invoices.
About Delton Cables: Delton cables is headquartered in Faridabad, Haryana. It was established in 1948. Delton Cables is engaged in manufacturing and supply, primarily of electrical and telecommunication cables.