Universal Cables Ltd delivered stellar Q3 FY26 results: consolidated profit soared 72% to 271.9 million rupees, revenue climbed 26% to 7.68 billion rupees. Expansion capex revised upward to 5.5 billion rupees for enhanced power cable capacity. Strong order book and EBITDA growth signal robust future in India's booming cables sector.
Universal Cables Ltd reported robust Q3 FY26 performance, with consolidated net profit rising to 271.9 million rupees and revenue from operations hitting 7.68 billion rupees. The company revised its expansion capital outlay to 5.5 billion rupees amid strong demand for power cables. Key growth drivers include a hefty order book and capacity enhancements, signaling sustained revenue surge in cables sector.
Financial Highlights
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Consolidated net profit for Q3 FY26 stood at 271.9 million rupees, up 71.7% year-over-year from 158.3 million rupees.
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Revenue from operations grew 26.4% to 7.68 billion rupees, fueled by domestic and export demand for power cables.
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Standalone net profit jumped 93% to 187.4 million rupees, with EBITDA up 44.4% to 665 million rupees.
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Nine-month consolidated profit soared 171.6% to 1.078 billion rupees, revenue up 25.83% to 21.82 billion rupees.
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EBITDA margin expanded 176 basis points to 9.64%.
Expansion and Operational Key Points
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Revised aggregate capital outlay for expansion plan to 5.5 billion rupees from 4.82 billion, due to tech upgrades and forex impacts.
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Completion targeted by September 2026 in phases, boosting power cables capacity to 31,575-32,850 km annually at Satna facility.
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Two of four CCV lines commissioned, achieving near-full utilization; rest by May and September 2026.
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Order book at 2.95 billion rupees as of December 31, 2025, targeting over 25% FY26 revenue growth.
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New manufacturing tie-up with TS Conductor Corp for high-performance conductors.
Strategic Outlook
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Universal Cables eyes 20-25% revenue CAGR through FY28, driven by EHV cables market share and JV optical fibre demand.
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Company Secretary Sudeep Jain to resign effective February 28, 2026.
Sources: Reuters, ScanX Trade.