Universal Cables Q1 PAT jumps 91% YoY to Rs 37 cr; 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 posted highest-ever Q1 standalone revenue of Rs 945.06 cr, up 57.5% YoY. PAT rose 90.7% to Rs 37.18 cr; PBT grew 66.8% to Rs 45.90 cr. EBITDA was Rs 94.57 cr. Exports surged 187% to Rs 120 cr. Order book stands at Rs 2,860 cr. Board raised cable capex outlay from Rs 550 cr to Rs 617 cr. JV Birla Furukawa approved USD 500 mn optical fibre expansion. CFO Agarwal exits Sept 30; Saigal to join as CFO Oct 21.
Strong Q1 beat on revenue and profit; large capex and JV expansion back growth. CFO transition smooth, no alarm signals.