Synopsis:
Shares of this small cap cable company came in focus after strong Q2 results & appointment of a new CFO.
The company engaged in the business of manufacturing a large range of power cables has announced strong Q2 results with the profit increasing by 160 percent YoY and changes in KMPs.
With a market capitalisation of Rs. 2,727.06 crore, Universal Cables Ltd‘s shares closed at Rs. 781.75 up 8 percent from its previous close of Rs. 725.20 per share, also surging by 17 percent making an intraday high of Rs. 848.75. With a massive return of 48 percent within just a period of 6 months.
QoQ view
The Company recorded its highest ever quarterly revenue from operation of Rs. 814.28 crore in Q2 FY26, a growth of 35.6 percent from Rs. 600.19 crore in Q1 FY26. Total income of Rs. 824.26 crore in Q2 FY26, supported by increase in other income by 317 percent & revenue growth. Accompanied by Net Profit of Rs. 47.68 crore in Q2 FY26, reporting a growth of 44.8 percent from Rs. 32.91 crore.
YoY view
In Q2 FY26, revenue from operations amounting to Rs.814.29 crore during the quarter ended September 30, 2025 as against Rs.638.12 crore reported in the corresponding quarter of previous fiscal year, which represents a growth of around 27.60%. Where, EBITDA margin grew by 152 basis points year-on-year to 10.28% during Q2 as against 8.76% during the corresponding quarter of previous fiscal year. In addition, Net profit grew by 160.9 percent YoY from Rs.18.27 crore in Q2 FY25.
Business Highlights
Company’s revenue growth largely due to favourable product mix and continued strong export momentum and EBITDA boosted by broad-based expansion in Cables & Capacitors business, better operational efficiency and favorable business mix.
The Pending order book of the firm stands at Rs. 2945 crore, includes a prestigious EHV cable project from Andhra Pradesh. The Company recently secured a $38 million export order for 400 kV EHV cables from the Middle East, the first by an Indian cable firm. It was also declared the lowest bidder for a $25 million 110 kV and 161 kV cable project in Latin America.
The Company’s capacity expansion project, with an investment of around ₹525 crore, is progressing well and achieving key milestones. Two of four new CCV lines are fully operational, with the rest to be commissioned by FY26–27. Additionally, the new LV Cable Plant at Satna and Goa expansion will boost future growth.
KMP change
Shri Gopal Agarwal who was senior management personnel is Appointed as CFO, with effect from November 12, 2025. He is a qualified CA with experience of 19 years in accounting, finance & commercial functions such as audit, M&A, etc.His expertise will help in financial strategy execution and investor relation with banks, govt. etc.
About the company
Universal Cables Limited, an MP Birla Group Company, founded in 1962. A pioneer in the power cables industry, Universal Cables Limited is engaged in manufacturing and sale of Electrical and other Cables, wires, conductors, Accessories for Cables and Conductors, Product for quality power Solutions eg. Capacitors and Capacitor Banks, Harmonic Filters, etc.
Turnkey Projects predominantly relating to Electrical Cables, Conductors, Capacitors & Capacitor Banks, etc. and has over time developed cutting edge products in technical collaboration with renowned global companies. Universal Cables’ production facilities are located at Satna (Madhya Pradesh) and Verna (Goa).
Written by Gourav Pratap SIngh
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