Universal Cables Limited has informed the Exchange regarding Change in Auditors of the company.
UNIVCABLES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Universal Cables announced audited financial results for Q4 and FY ended March 31, 2025, with statutory auditors BGJC & Associates LLP issuing an unmodified opinion. Standalone Q4 revenue hit a record Rs. 674.03 crores, up 16% year-on-year, while Q4 net profit rose about 4% YoY to Rs. 27.01 crores (up 178% sequentially). For the full year, net revenue grew 19% to Rs. 2,408.39 crores and net profit rose roughly 6% to Rs. 57.28 crores, with standalone EPS of Rs. 16.51. The Board recommended a 40% dividend (Rs. 4 per share), totaling about Rs. 13.88 crores, subject to shareholder approval. New Secretarial Auditors (R.K. Mishra & Associates, 5-year term) and Internal Auditors for the Satna unit (P K M B & Co.) were also appointed for FY 2025-26. Management highlighted ~90% capacity utilization, Rs. 126.31 crores spent on capex in FY25 (part of a Rs. 505 crore Satna-Goa plan), and guided for 20-25% revenue CAGR over the next five years.
Record quarterly revenue, healthy full-year growth, and a consistent dividend underscore operational strength, while the 20-25% revenue CAGR guidance and ongoing Rs. 505 crore capex plan signal management's confidence in future expansion. The statutory auditor change referenced in the headline relates only to newly appointed Secretarial and Internal Auditors; the existing statutory auditor BGJC remains with a clean opinion, so there is no governance red flag for shareholders.