Universal Cables' Profits Skyrocket 109% in Q1 FY27

Universal Cables announced robust financial results for the quarter ending June 30, 2026, with its stock price surging 15.88%. The company's consolidated net profit experienced a remarkable year-on-year increase of 108.8%, reaching Rs 70.14 crore. This strong profitability was accompanied by record revenue from operations for a first quarter, amounting to Rs 945.06 crore.

Further highlighting its global reach, Universal Cables saw its export revenue skyrocket by 187% year-on-year to Rs 120.01 crore, representing 12.7% of its total revenue from operations. The power capacitor division also showed strong growth, with a 63.1% year-on-year revenue increase during the quarter.

Looking ahead, Universal Cables maintains a positive outlook, bolstered by an order book of approximately Rs 2,860 crore as of July 1, 2026. The company forecasts revenue growth of 25% or more for the fiscal year 2027. Significant investments are planned, including an expanded capacity expansion program and technological upgrades for its EHV cable facility.

Additionally, its joint venture, Birla Furukawa Fibre Optics, is proposing a substantial expansion of optical fibre capacity, involving an investment of around $500 million (approximately Rs 4,800 crore) with a targeted completion by December 31, 2028.