Universal Cables Q1 FY27: PAT up 91%, revenue 58% YoY

Key takeaway from the June 2026 quarter

Universal Cables reported a strong set of unaudited results for the quarter ended June 30, 2026 (Q1 FY27), with growth visible across revenue, operating profit, and earnings. Standalone net profit after tax (PAT) rose to ₹37.18 crore, up 90.65% year-on-year from ₹19.50 crore in Q1 FY26. Revenue from operations grew 57.50% to ₹945.06 crore from ₹600.19 crore in the year-ago quarter. The company linked the performance to higher sales volumes, an improved product mix, and expansion in Extra-High Voltage (EHV) cables and capacitors. It also reported a sharp increase in export traction during the quarter. The numbers were part of the outcome of a Board meeting that considered the quarterly financial results and corporate decisions.

Board approval and audit review status

The Board of Directors approved the unaudited standalone and consolidated financial results in a meeting held on August 7, 2026. The meeting was chaired by Chairman Harsh V. Lodha. Statutory auditors BGJC & Associates LLP issued unqualified limited review reports for both standalone and consolidated financial results, reflecting a clean opinion. The company had earlier indicated that the results would undergo a limited review by statutory auditors. Alongside the results process, it was disclosed that the trading window for dealing in the company’s securities would remain closed for designated persons and their immediate relatives until August 9, 2026, 48 hours after the declaration of financial results.

Q1 FY27 financial performance: strong YoY growth

Standalone revenue from operations increased to ₹945.06 crore in Q1 FY27, up 57.50% YoY. Standalone EBITDA was reported at ₹94.57 crore versus ₹60.20 crore, a 57.10% rise. Profit before tax (standalone) rose 66.80% to ₹45.90 crore from ₹27.52 crore. Standalone PAT increased 90.65% to ₹37.18 crore from ₹19.50 crore. Earnings per share (basic and diluted) increased to ₹10.72 from ₹5.62, up 90.75%.

Consolidated snapshot and what it indicates

On a consolidated basis, revenue from operations was reported at ₹945.06 crore for Q1 FY27. Consolidated profit before tax (PBT) was ₹84.84 crore, and consolidated PAT was ₹70.14 crore. Another consolidated data point in the release set also showed Q1 FY27 consolidated net profit of ₹70.14 crore compared with ₹33.60 crore in Q1 FY26, indicating 108.76% YoY growth. Consolidated EPS was reported at ₹20.22 in Q1 FY27 versus ₹9.68 in Q1 FY26. Other equity on a consolidated basis was disclosed at ₹1,866.90 crore as of March 31, 2026.

Export momentum and mix improvement

Export business revenue grew about 187% YoY to ₹120.01 crore in Q1 FY27. Exports contributed 12.70% of total revenue from operations, as per the disclosed mix. The company also stated that growth was supported by an improved product mix and robust expansion in its EHV cable and capacitor businesses. The power capacitor division recorded revenue growth of 63.10% during Q1 FY27. Taken together, these disclosures suggest that the quarter’s growth was not only volume-led but also mix-led, with higher contribution from segments that typically carry different margin profiles.

Order book strength and pipeline details

Universal Cables reported a pending order book of about ₹2,860 crore as of July 1, 2026. Export orders of about ₹485 crore were included within this order book. In addition, the company disclosed an export pipeline of around ₹390 crore. This combination of domestic and export visibility is a key operational indicator for cable manufacturers where project delivery cycles can be long and working capital intensity can vary by customer and geography.

Capacity augmentation plans and investment changes

The company increased the total outlay for ongoing Medium Voltage and High Voltage power cable capacity augmentation from ₹550 crore to about ₹617 crore. It also disclosed a ₹74 crore EHV facility upgrade as part of its plans. Separately, it referred to a threefold optical fiber capacity increase via its joint venture, with a stated target of USD 500 million (₹4,800 crore) by 2028. These disclosures were presented alongside the quarterly results and corporate decisions, indicating that capacity and capability expansion remains a parallel focus with growth in execution.

Borrowing capacity raised via shareholder approval

Shareholders approved a special resolution to increase the company’s borrowing capacity to ₹4,500 crore at the 81st Annual General Meeting held on August 3, 2026. The borrowing-limit enhancement is a corporate action that can support larger working capital needs, capex funding, or longer project cycles, depending on how the company chooses to deploy it. The disclosure did not specify immediate drawdowns or changes in debt levels for the quarter, but it establishes a higher ceiling for future financing. No dividend declarations, share splits, bonus issues, or buybacks were announced in the disclosed update.

Market context: stock and market-cap references in disclosures

A price point of ₹1,170.90 was cited with a one-day move of -4.20% as of July 3 (NSE timestamp shown as 4:00 PM). Another cited reference point showed the stock at ₹1,141 with a market capitalisation of ₹4,064 crore, while a separate line referenced market cap at ₹4,850.93 crore. These market datapoints were presented alongside the broader results-season context in the provided material, and they highlight that the stock was being tracked actively ahead of the August 7, 2026 results announcement.

Key numbers table

Why the update matters for investors and the sector

The quarter’s disclosure combines three investor-relevant elements: sharp YoY growth in revenue and profits, a reported jump in export revenue, and a large order book that can provide near-term execution visibility. Capacity augmentation moving from ₹550 crore to ₹617 crore adds another layer, because it implies that the company is adjusting investment plans as demand and opportunities evolve. The shareholder-approved borrowing capacity of ₹4,500 crore is also material in capital-intensive segments such as power cables, where receivables and inventory can rise alongside scale. The clean limited-review opinion from BGJC & Associates LLP reduces uncertainty around the quarterly numbers from a reporting standpoint.

Conclusion

Universal Cables’ Q1 FY27 results showed revenue from operations at ₹945.06 crore and standalone PAT at ₹37.18 crore, alongside export revenue of ₹120.01 crore and an order book of about ₹2,860 crore. The Board approved the results on August 7, 2026, and the company also disclosed a higher ₹617 crore capacity outlay and an increased borrowing limit approved at the August 3, 2026 AGM. The next trackable milestones in the public disclosures are the post-results trading window reopening timeline after August 9, 2026 and updates on execution of the capacity augmentation and order book conversion.