Dhoot Transmission shares jumped over 8% after the company reported its Q2 results on Tuesday. Revenue rose 61% to ₹1,827 crore, helped by the Multilink acquisition. While EV revenue surged 108%, higher copper and PVC costs hit margins. The stock now trades at ₹1,504.60, showing steady growth for investors.
Dhoot Transmission shares have jumped over 8% after the company reported its Q2 results on Tuesday. In its results for the September-bound quarter, the automotive and industrial electrical systems maker saw healthy growth, but margins dipped sharply.
Delving further into the results for the second quarter, the headline growth was aided by the acquisition of Multilink. When Multilink are excluded, the revenue growth stood at 47%. Coming to the aforementioned margin, the company's margin was impacted by higher copper and PVC costs. The company's EV revenue has surged 108%, contributing 31% to total revenue.
When we look at the fine print, the company saw a 61% rise in revenue at ₹1,827 crore, compared the previous cycle ₹1,137 cr. The company's Earnings Before Interest, Taxes, Depreciation, and Amortisation or EBITDA, came in at ₹262 crore, rising 31% from the previous year's ₹201 crore. The company's margin came in at 14.3%, lower than Q2FY26's 17.6%. The adjusted profit was up 30% to ₹162 crore, compared to ₹124 crore.
Dhoot Transmission are trading with modest gains in morning trade today, quoted at ₹1,504.60, up +1.09% (+₹16.20) from its previous completed session close of ₹1,488.40 on Tuesday, November 03. The stock opened at ₹1,502.00 and has moved within an intraday high of ₹1,524.50 and an intraday low of ₹1,495.00 so far in today's session.
The shares of the company are surging with gains of over 8.44% or ₹125.60 from the previous close of ₹1,488.40. In the past month of trading, the shares have risen over 6%.
The shares are trading 6.99% below their 52-week high of ₹1,735.30. The stock is 42.71% above its post-listing 52-week low of ₹1,131.00. The stock has closed 6 of the last 10 sessions.