Delton Cables Q2 FY23 Financials: Revenue shows Steady Growth, up by 49.55% YoY
Delton Cables Limited [BOM: 504240], an Indian manufacturer of cables and switchgear, has announced its financial results for the quarter ended 30th September 2022.
Delton Cables’ Financial Performance
YoY Comparison of Delton’s Q2 Results: Q2 FY23 vs. Q2 FY22
Delton Cables’ reported Rs. 59.52 crore as revenue from operations for Q2 of the current financial year. This figure is 49.55 % higher YoY than the revenue of Rs. 39.80 crore which the company had clocked for the same period in FY-22, and represents a steady growth.
On a Year-over-Year (YoY) basis, Q2 net profit of the company declined by 33.80%, to Rs. 0.94 crore in FY-23 from Rs. 1.42 crore in FY-22.
QoQ Comparison of Delton Cables’ Financial Performance: Q2 FY23 vs. Q1 FY23
Delton Cables’ revenue dipped by 7.64% on a Quarter-over-Quarter (QoQ) basis from Rs. 64.44 crore, which was registered for the first quarter of the current fiscal.
Net profit earned by the company also showed a downward trend and exhibited a 60.83% slump from the Rs. 2.40 crore profit for Q1 of FY-23.
About Delton Cables Ltd.: Delhi-headquartered Delton Cables Ltd. is a manufacturer of electric cables, communication cables and switchgear products. The company was established in 1948. Delton’s clientele spans several sectors including telecommunication, defence, power and mining, cement, oil and gas, steel and infrastructure.