Universal Cables hits record revenue as board backs plant upgrade
The company posted a 68.5% jump in annual profit to ₹96.5 crore, supported by a ₹3,025 crore order book and new plans for debt-funded growth.
— 2 earlier stories on Universal Cables Ltd. →What's new
- 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.
Why this matters
Universal Cables is using its record year to fund a push into higher-margin export markets. The combination of a strong order book and fresh debt capital suggests management is betting on sustained demand for its high-voltage products.
What we're watching
- The execution timeline for the ₹73 crore plant upgrade.
- Whether the ₹200 crore NCD issuance attracts institutional interest.
- Maintenance of margins as the company scales its export volumes.
The full read
Universal Cables closed FY26 with its highest-ever revenue of ₹3,023 crore, a 25.5% increase over the prior year. Net profit grew even faster, climbing 68.5% to ₹96.5 crore. The company enters the new year with an order book of ₹3,025 crore, of which ₹495 crore is for export. To capitalize on this, the board approved a ₹73 crore upgrade to its extra-high voltage cable plant to meet international standards. It also authorized a ₹200 crore non-convertible debenture issuance to support growth. Shareholders will receive a dividend of ₹4.50 per share. While these results were largely anticipated, the combination of record earnings and a clear plan for debt-funded expansion provides a solid foundation for the coming quarters. The company is prioritizing export-led growth, and the upcoming plant upgrade is the next test of that strategy.
Questions answered
- What drove the company's profit growth this year?
- Profit surged 68.5% to ₹96.5 crore, primarily due to higher sales volumes and a shift toward a more profitable product mix.
- How much of the order book is tied to international markets?
- Of the total ₹3,025 crore order book, export orders account for ₹495 crore.
- What is the purpose of the ₹73 crore capital expenditure?
- The board approved this investment to upgrade the extra-high voltage cable facility to meet international quality standards, aimed at boosting export competitiveness.
- What dividend did the board declare?
- The board recommended a dividend of ₹4.50 per share, which represents a 45% payout.
Story so far
All notes on UNIVCABLES →- Today · 10:50 PM IST Universal Cables hits record revenue as board backs plant upgrade
- today Universal Cables reports FY26 profit growth of 68.5%
- today Universal Cables profit jumps 68% as it eyes export growth