Universal Cables hits record revenue as board approves plant upgrades
The company posted a 25.5% jump in annual revenue to ₹3,023 crore, while net profit climbed 68.5% to ₹96.5 crore for FY26.
— 2 earlier stories on Universal Cables Ltd. →What's new
- Annual revenue grew 25.5% to ₹3,023 crore; net profit rose 68.5% to ₹96.5 crore.
- Board approved a ₹73 crore upgrade for its extra-high voltage cable plant.
- Company authorized a ₹200 crore non-convertible debenture issuance to fund growth.
Why this matters
The record revenue and profit growth indicate that Universal Cables is scaling its volumes. The commitment to plant upgrades and debt financing shows management is pursuing export market share.
What we're watching
- Execution of the ₹73 crore plant upgrade to meet international standards.
- The timeline and interest costs associated with the ₹200 crore NCD issuance.
- Conversion of the ₹3,025 crore order book into revenue in FY27.
The full read
Universal Cables delivered its strongest financial performance to date in FY26. Revenue reached ₹3,023 crore and net profit climbed to ₹96.5 crore. This 68.5% profit growth reflects a shift in product mix and higher volumes. The company is now pivoting toward international markets. It approved a ₹73 crore upgrade to its extra-high voltage cable facility. To fund this expansion, the board authorized a ₹200 crore non-convertible debenture issuance. With an order book of ₹3,025 crore, including ₹495 crore in exports, the company has a clear path for the coming year. Dividends are ₹4.50 per share. Growth is accelerating. The next test is whether the plant upgrades can translate that order book into sustained gains.
Questions answered
- What drove the company's financial performance in FY26?
- The growth came from higher sales volumes and an improved product mix. This resulted in a 25.5% revenue increase and a 68.5% rise in net profit.
- How much is the company investing in its manufacturing capacity?
- The board approved a ₹73 crore investment to upgrade its extra-high voltage cable facility to meet international quality standards.
- How does the company plan to fund its growth initiatives?
- The board authorized the issuance of non-convertible debentures worth ₹200 crore to support its growth plans.
- What is the current status of the company's order book?
- The order book stood at ₹3,025 crore at the end of the fiscal year. Export orders account for ₹495 crore of that total.
- What dividend did the board recommend?
- The board proposed a dividend of ₹4.50 per share for the year.
Story so far
All notes on UNIVCABLES →- Today · 10:50 PM IST Universal Cables hits record revenue as board approves plant upgrades
- 1d ago Universal Cables files audited FY26 results with no new surprises
- 1d ago Universal Cables profit jumps 68% as it eyes export growth