Universal Cables hits record revenue as board backs plant upgrades
The company posted a 68.5% jump in annual profit to ₹96.5 crore, supported by a record ₹3,023 crore in revenue and a fresh ₹200 crore debt raise.
— 2 earlier stories on Universal Cables Ltd. →What's new
- Annual revenue climbed 25.5% to a record ₹3,023 crore.
- Net profit rose 68.5% to ₹96.5 crore on higher volumes and product mix.
- The board approved ₹73 crore for EHV plant upgrades and a ₹200 crore NCD issuance.
Why this matters
Universal Cables is using its strongest year ever to fund a push into international markets. The combination of record earnings and new debt capacity suggests management is betting that current demand levels are sustainable.
What we're watching
- The execution timeline for the ₹73 crore EHV plant upgrade.
- Whether the export order book of ₹495 crore expands following the facility improvements.
- The interest rate and tenure of the proposed ₹200 crore NCD issuance.
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 surged 68.5% to ₹96.5 crore, a result of higher volumes and a shift in product mix. The company enters the new fiscal year with an order book of ₹3,025 crore, of which ₹495 crore is tied to exports. To capture further international demand, the board approved a ₹73 crore upgrade for its extra-high voltage cable plant. It also authorized a ₹200 crore non-convertible debenture issuance to fund growth. Shareholders will receive a dividend of ₹4.50 per share. The company is clearly moving to scale its export capabilities. With record cash generation and new debt capacity, the next test is whether the facility upgrades translate into higher margins in the coming quarters.
Questions answered
- What drove the company's profit growth this year?
- Profit grew 68.5% to ₹96.5 crore, which the company attributes to higher sales volumes and an improved product mix.
- How large is the company's current order book?
- The order book stands at ₹3,025 crore as of year-end, which includes ₹495 crore in export orders.
- 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.
- What is the dividend payout for shareholders?
- The board has recommended a dividend of ₹4.50 per share.
Story so far
All notes on UNIVCABLES →- Today · 10:50 PM IST Universal Cables hits record revenue as board backs plant upgrades
- today Universal Cables files audited FY26 results with no new surprises
- today Universal Cables profit jumps 68% as it eyes export growth