Strong Q1 results, capex raised to Rs 617 cr, Rs 4800 cr JV fibre expansion
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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Q1 FY27 standalone revenue up 57.5 percent YoY at Rs 945 cr, PAT up about 91 percent at Rs 37 cr. Board raised ongoing cable capacity expansion outlay from Rs 550 cr to Rs 617 cr for MV and HV cables. Approved massive optical fibre and preform capacity expansion at JV Birla Furukawa worth about USD 500 million (around Rs 4800 cr), 3x current capacity, targeted by December 2028. CFO Gopal Agarwal resigns effective Sept 30, 2026; Nishant P. Saigal appointed CFO from Oct 21, 2026.
Strong Q1 performance plus aggressive capex signals growth push; massive Rs 4800 cr JV outlay raises future funding and execution risk.