UCAL returns to Rs 8.18 crore consolidated Q2 profit in 2026

UCAL Limited reported a consolidated profit of Rs 8.18 crore for the quarter ended September 30, 2026, compared with a Rs 6.01 crore loss a year earlier. Revenue from operations rose to Rs 230.59 crore from Rs 194.52 crore, while profit before tax turned to Rs 11.06 crore from a Rs 4.76 crore loss.

What were UCAL's consolidated second-quarter results?

UCAL made a Rs 8.18 crore consolidated profit in the September 2026 quarter, against a Rs 6.01 crore loss in the September 2025 quarter. Profit before tax was Rs 11.06 crore, compared with a loss before tax of Rs 4.76 crore a year earlier, and the tax charge was Rs 2.88 crore, compared with Rs 1.25 crore previously.

Revenue from operations reached Rs 230.59 crore in the quarter ended September 30, 2026, up from Rs 203.15 crore in the preceding June 2026 quarter and Rs 194.52 crore in the year-earlier quarter. Other income was Rs 1.05 crore, below Rs 2.90 crore a year earlier, while total comprehensive income was Rs 8.39 crore compared with a Rs 5.86 crore comprehensive loss in September 2025.

How did UCAL's half-year performance change?

UCAL's consolidated profit before tax for the half year ended September 30, 2026 was Rs 18.96 crore, reversing a Rs 6.81 crore loss before tax in the corresponding half year. The September-quarter result accounted for Rs 11.06 crore of the six-month pretax profit, while the June quarter contributed Rs 7.90 crore.

Revenue from operations for the six months was Rs 433.74 crore, compared with Rs 405.82 crore in the corresponding 2025 period. The Rs 27.92 crore increase in half-year revenue was accompanied by total expenses of Rs 417.54 crore, compared with Rs 415.29 crore a year earlier, leaving a Rs 18.96 crore profit before exceptional items and tax.

The reported half-year profit after tax was Rs 14.02 crore and basic earnings per share were Rs 6.34, compared with a loss per share of Rs 4.74 in the corresponding prior-year period. Paid-up equity share capital remained Rs 22.11 crore at September 30, 2026, unchanged from March 31, 2026.

Which costs changed in UCAL's September quarter?

UCAL's material-consumption cost increased to Rs 131.05 crore in the September 2026 quarter from Rs 86.76 crore a year earlier, alongside the higher revenue figure. Other expenses rose to Rs 51.76 crore from Rs 42.93 crore, while total expenses increased to Rs 220.59 crore from Rs 202.18 crore.

Employee-benefit expense fell to Rs 20.02 crore from Rs 44.17 crore in the September 2025 quarter. Finance cost declined to Rs 6.43 crore from Rs 8.28 crore and depreciation and amortisation expense fell to Rs 6.43 crore from Rs 9.59 crore, while purchases of stock-in-trade were Rs 4.98 crore compared with Rs 5.42 crore a year earlier.

The expense lines moved in different directions. Materials costs increased by Rs 44.29 crore and other expenses by Rs 8.83 crore, whereas employee benefits decreased by Rs 24.15 crore; these changes accompanied the move from a prior-year operating loss before exceptional items and tax to a Rs 11.06 crore profit.

What changed in UCAL's working capital and cash balances?

UCAL's trade receivables increased to Rs 136.79 crore at September 30, 2026 from Rs 102.67 crore at March 31, 2026. Inventories rose to Rs 85.98 crore from Rs 72.16 crore over the same six-month period, while other current assets increased to Rs 37.51 crore from Rs 14.99 crore.

Cash and cash equivalents on the consolidated balance sheet declined to Rs 3.74 crore at September 30 from Rs 8.32 crore at March 31. The consolidated cash-flow statement reported Rs 21.53 crore of net operating cash flow for the half year, Rs 17.84 crore used in investing activities and Rs 8.45 crore used in financing activities, producing a reported net cash outflow of Rs 4.76 crore. The filing states that cash-flow cash equivalents include cash in hand, scheduled-bank balances, term deposits and cash-credit facilities repayable on demand.

Current borrowings were Rs 89.11 crore at September 30, 2026, compared with Rs 85.34 crore at March 31, while non-current borrowings were Rs 101.49 crore compared with Rs 100.21 crore. Trade-payable dues to micro and small enterprises rose to Rs 81.77 crore from Rs 53.06 crore, and dues to other creditors rose to Rs 75.82 crore from Rs 66.14 crore.

What does UCAL disclose about its business and reporting basis?

UCAL reports one operating segment, Automotive Components, and presents its results on a single-segment basis. The consolidated financial statements were prepared under Indian Accounting Standards, or Ind AS, as notified under the Companies Act, 2013, according to the accompanying notes.

UCAL's audit committee reviewed and recommended the unaudited standalone and consolidated results, and its board approved them on October 30, 2026. The company said the September-quarter figures represent balancing figures between the unaudited six-month results to September 30, 2026 and the previously published first-quarter results that underwent limited review.

Other equity increased to Rs 318.26 crore at September 30, 2026 from Rs 304.05 crore at March 31, while total equity rose to Rs 340.37 crore from Rs 326.16 crore. The filing gives no revenue guidance, profit target or new operating plan beyond the disclosure that the business is reported as Automotive Components.

Conclusion

UCAL's September 2026 consolidated quarter shows a reported turnaround: revenue increased to Rs 230.59 crore and profit after tax reached Rs 8.18 crore, after a Rs 6.01 crore loss in September 2025. The half-year pretax result also shifted to a Rs 18.96 crore profit from a Rs 6.81 crore loss, with lower employee, finance and depreciation costs reported alongside higher material consumption and other expenses.

The filing does not set out a future revenue or profit target, leaving working-capital movements as an unresolved item to watch. At September 30, receivables were Rs 136.79 crore, inventories were Rs 85.98 crore and balance-sheet cash and cash equivalents were Rs 3.74 crore, while UCAL continued to report only the Automotive Components segment.