Universal Cables clocks highest ever turnover in FY 2025-26 with Rs 3,023 Crs

Universal Cables Limited, a leading manufacturer of power cables and capacitors, on Saturday reported a standalone net profit of Rs. 96.53 crores for the year ended 31st March, 2026, which represents a growth of approximately 68.520/o compared with the same period of FY 2024-25. The Company recorded Revenue from Operations amounting to Rs 3022.67 crores during the year ended 31st March, 2026 as against Rs 2408.39 crores reported in the previous fiscal year. It represents a growth of around 25.50%, driven by higher volumes and improved products mix combined with sustained momentum in Extra-High Voltage cable business and steep growth in capacitors & allied quality power solution business. The EBITDA margin recorded a revival and improved by 120 basis points year-on-year to 9.60% during FY 2025-26 as against 8.40% during the previous fiscal year. Despite near term strained operating conditions due to ongoing crisis in the Middle-East disrupting supply chain and causing the shortage of critical raw materials while elevating the input costs, the EBITDA margin for the financial year 2026-27 is expected to be around 10%.

The Revenue from Operations for the quarter ended 31st March, 2026 stood at Rs. 840.27 crores as against Rs. 674.03 crores for the corresponding period of previous year representing an overall growth of 24.66%. The standalone Profit before Tax (PET) for the Quarter ended 31st March, 2026 grew 3.60% to Rs. 35.08 crores from Rs. 33.87 crores during the corresponding quarter of previous financial year.

The Revenue from Exports during the year stood at Rs.169.04 crores representing approx. 5.59% of Revenue from Operations which is likely to exceed 15% of targeted revenue in FY 2026-27. In addition to regular export orders from Europe, Australia and Middle East regions, the Company continues to expand its reach in new overseas markets despite persistent trade uncertainties and geo-political tension on ongoing conflicts which threaten to upend the existing status quo on many fronts including trade, supply chain disruptions, borrowing costs and volatility in foreign currency exchange rate(s). Despite these uncertainties, the revenue from export is expected to steadily accelerate in coming period based on healthy order book particularly for EHV cables and expected flow of business from global markets. The Company has also commenced supplies against the prestigious high-volume 400 kv EHV cable order from Middle-East, with deliveries scheduled to continue through Q3 of the FY 2026-27. The Company also made significant progress in obtaining UL certification of its products and registration with leading power utilities of Europe, which are expected to further strengthen its presence in European Market and unlock opportunities in the newly targeted lucrative US Market.

The Company's Power capacitor division continued its strong performance and recorded a revenue growth of 78.30%. With a healthy order book and stable margins, the division is well positioned to make a meaningful contribution to both the top line and bottom line of the Company in the coming period.

Pending Order Book of the Company for products and projects stood at approximately Rs 3025 crores on 31st March, 2026 including export orders amounting to approximately Rs. 495 crores. In addition, export orders exceeding Rs. 300 crores are currently in the pipe line. Based on the st.rong Order Book and expected inflow of orders, the Company is projected to achieve sustained growth in revenue during the ongoing financial year 2026-27. F\irther, with the final phase of the ongoing capacity expansion project scheduled to be fully commissioned in Q2 of the current financial year, the Company is upbeat on consistent growth by further consolidating its market share in LV, MV and EHV Cables segment.

The global electricity demand is accelerating faster than supply propelled by the combined forces, interalia, of digitalisation (AI and data storage increase demand for reliable power), electrification and industrialisation. As a strategic imperative, governments are, therefore, increasingly prioritising energy security and domestic supply, reinforcing investment in renewables, nuclear and gas, alongside upgrades to grid infrastructure utilities and grid operators are planning significant levels of transmission investment. Scaling these in tandem will require significant investment in infrastructure in the foreseeable future. In this environment, the Company sees opportunity for sustained growth in its power cables and quality power solution products business which shall be adequately met from ramp-up of production capacity at its Satna and Goa facilities.

The Company's ongoing capacity expansion project, with a total outlay of approx,. Rs 550 crores has witnessed slight delay. Out of the four CCV (Continuous Catenary Vulcanization) Lines planned to augment the manufacturing capacity of Medium Voltage (MV) and High Voltage (HV) cables, two CCV Lines along with the associated process machinery were commissioned at the end of Q2 of the FY 2025-26 and have achieved near maximum capacity utilization during Q3. The commissioning of the remaining two CCV Lines alongwith balancing process machinery observed minor delays and are now expected to be commissioned by end of August, 2026 and September, 2026 respectively. Upon completion, the additional capacity shall further strengthen the Company's capabilities in terms of volume growth in the MV and HV cable business. In addition, the commissioning of new Low Voltage (LV) Cable facilities at Satna and capacity expansion of the wires/ flexible cable facility at Goa during the financial year 2025-26 will serve as a key catalyst for growth in revenue from operations in large volume LV and wire/fl.exible cable market. Alongside ongoing capacity expansion, the Company has also planned for technological upgradation and modernisation of its EHV cable facility at Satna with an outlay of approximately Rs.73.00 crores by investing in precision manufacturing and flexibility to meet use case specific quality standards, etc. with an aim to overcome the challenges of evolving international quality, safety and environmental standards and becoming more competitive and export oriented.

The Company's joint venture viz. Birla Furukawa F`ibre Optics Private Limited has recorded a stellar financial performance during the year under review and achieved highest ever profitability since inception, in the backdrop of global demand of its products fundamentally outstripping supply capacity. The global optical fibre market has firmly exited its historical cyclicality and entered a long structural super cycle driven by an unprecedented convergence of AI hyperscale buildouts, robust government broadband stimulus, and massive usage of optical fibre in defence procurement. The strong demand is likely to sustain in the foreseeable future as a result of which the JV may witness a sustained optimum capacity utilization with improved profitability going forward.

The Board of Directors in its meeting held on 23rd May, 2026 has recommended dividend of Rs. 4.50 per share (i.e. 45 %) on 3,46,95,381 fully paid-up equity shares of face value Rs. 10/-each of the Company for the financial year 2025-2026, subject to the approval of the shareholders in the ensuing Eighty-First (81 st) Annual General Meeting of the Company based on improved financial performance while also maintaining a prudent and balanced approach towards conservation of resources for future business requirements.

Shares of Universal Cables Limited was last trading in BSE at Rs. 1010.05 as compared to the previous close of Rs. 996.65. The total number of shares traded during the day was 4868 in over 532 trades.

The stock hit an intraday high of Rs. 1028.95 and intraday low of 990.10. The net turnover during the day was Rs. 4940675.00.

Source : Equity Bulls

Keywords

UniversalCables INE279A01012 Q4FY26 Q4FY2026 FY26 FY2026 ResultUpdate