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Dynamic Cables Ltd’s share price surged after the company reported a 58 per cent increase in profit for the quarter ended June 30, 2023, at ₹113.84 crore compared to ₹7.17 crore during the corresponding quarter last year.
The company’s revenues were up by 14 per cent to ₹181.27 crore compared to ₹157.97 crore last year.
Sequentially, the company’s profits were higher by 14 per cent compared to ₹9.9830 crore in the previous quarter.
The shares went up 8.55 per cent to ₹526 at 11.00 a.m. on BSE.
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