Press Release issued by the Company after the conclusion of the Board Meeting dated 23rd May, 2026.
UNIVCABLES · price
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Universal Cables Ltd reported strong financial performance for FY2026 with standalone revenue from operations growing 25.5% to Rs. 302,267.33 lakhs from Rs. 240,838.62 lakhs in FY2025. Standalone Profit After Tax increased significantly by 68.5% to Rs. 9,652.87 lakhs from Rs. 5,727.96 lakhs. Consolidated PAT grew 82.5% to Rs. 16,310.92 lakhs. The Board recommended a dividend of Rs. 4.50 per share (45%) for FY2026. The company approved two capacity expansion initiatives: an ongoing organic expansion of Rs. 550 crores and technological upgradation of the EHV Cable facility at Satna for Rs. 73 crores. The Board also approved raising funds up to Rs. 200 crores via Non-Convertible Debentures. Notably, a Non-Executive Independent Director will cease to hold office upon attaining age 75 years as his continuation resolution was not passed with requisite majority.
Strong revenue and profit growth demonstrates operational strength, but the company is taking on significant debt (total borrowings of Rs. 117.6 billion) for capacity expansion while working capital pressure reduced operating cash flow by 64%. Shareholders can expect dividend income pending AGM approval.