Universal Cables reports 68% profit growth on rising volumes
FY26 standalone net profit reached ₹96.5 crore as revenue climbed 25% to ₹3,023 crore. The company is raising ₹200 crore via NCDs to support expansion.
— 2 earlier stories on Universal Cables Ltd. →What's new
- Standalone net profit grew 68.5% year-on-year to ₹96.5 crore.
- The board approved a ₹73 crore upgrade for its extra-high voltage cable plant.
- Management authorised a ₹200 crore non-convertible debenture issuance for capex.
Why this matters
The jump in profitability is tied to volume gains and a better product mix. By pouring money into its EHV cable facility, the company is betting its future on higher-margin export markets.
What we're watching
- The timeline for the ₹73 crore plant upgrade to reach operational status.
- Export order growth as the company pivots toward international quality standards.
- The cost and timing of the ₹200 crore NCD issuance.
The full read
Universal Cables ended FY26 with a 68.5% surge in net profit to ₹96.5 crore. Revenue hit ₹3,023 crore, climbing 25.5% as the firm leaned on higher volumes and a shift in product mix.
Everything is changing. The order book is now ₹3,025 crore, with ₹495 crore coming from exports. Management is clearly preparing for a higher-spec market, having cleared a ₹73 crore overhaul for the extra-high voltage cable plant to chase international quality standards. To pay for this ambition, the company authorized a ₹200 crore non-convertible debenture issue. A ₹4.50 dividend per share keeps the return of capital in the mix, but the real story here is the pivot toward export-grade capacity. It is an aggressive play for market share. The next test is how quickly that capital investment converts into high-margin revenue.
Questions answered
- What drove the company's growth in FY26?
- Universal Cables cited higher volumes and an improved product mix as the main drivers for its 25.5% revenue increase to ₹3,023 crore.
- How large is the company's current order book?
- The order book stood at ₹3,025 crore at the end of the year, with export orders accounting for ₹495 crore of that total.
- What is the new capital expenditure being planned?
- The board approved a ₹73 crore technology upgrade for its extra-high voltage cable plant to meet international quality standards.
- How does the company plan to fund this growth?
- It has authorised a ₹200 crore non-convertible debenture issuance specifically to fund capital expenditure.
- What is the dividend payout for shareholders?
- The board recommended a dividend of ₹4.50 per share.
Story so far
All notes on UNIVCABLES →- 23 May 2026 · 11:17 PM IST Universal Cables reports 68% profit growth on rising volumes
- 3d ago Universal Cables reports annual profit jump of 68.5% to ₹96.53 crore
- 3d ago Universal Cables hits record revenue as board backs ₹73 cr upgrade