Q1 revenue up 57.5% YoY; CFO change approved; capex raised to Rs 617 cr
UNIVCABLES · price
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On the reaction day the stock moved 30.3 pts more than Nifty Microcap 250 and 29.6 pts more than its Cables - Electricals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Universal Cables reported highest-ever Q1 revenue of Rs 945.06 cr, up 57.5% YoY. PAT grew about 90.65% to Rs 37.18 cr. Exports surged 187% to Rs 120 cr. Order book at about Rs 2860 cr. Board raised capex outlay from Rs 550 cr to Rs 617 cr for MV/HV cable expansion. JV Birla Furukawa approved USD 500 million (about Rs 4800 cr) optical fibre capacity expansion by Dec 2028. CFO Gopal Agarwal resigns effective Sept 30; Nishant P. Saigal appointed CFO from Oct 21.
Strong Q1 with sharp revenue and PAT growth. Major capex plans signal confidence in long-term cable and optical fibre demand. Smooth CFO transition planned.