Universal Cables Q2 Revenue Rises 25% to ₹1,020 Crore

Universal Cables Limited reported Q2 FY2027 revenue of about ₹1,020 crore, up 25.3% from ₹814 crore a year earlier, supported by order execution in industrial cables and capacitors. The company also reported a pending order book of about ₹2,890 crore as of September 30, 2026, including ₹637 crore of export orders.

What did Universal Cables report for Q2 FY2027?

Universal Cables reported Q2 FY2027 revenue of ₹1,020 crore, compared with ₹814 crore in Q2 FY2026. The company separately stated standalone revenue from operations of ₹1,018.57 crore for the quarter ended September 30, 2026, a 25.1% year-on-year increase. The difference reflects rounding in the reported headline revenue figure.

The reported Q2 performance was supported by continued execution of the company's cable and capacitor orders. Universal Cables said its expansion programme in high-voltage cable manufacturing and a robust order pipeline supported operating momentum during the quarter. Exports rose 139% year-on-year to ₹137.72 crore, adding to quarterly revenue growth.

The company reported Q2 EBITDA of ₹94.32 crore, up 12.7% year-on-year, with an EBITDA margin of 9.30%. Standalone net profit was stated at ₹70.30 crore, up 25.4% year-on-year. The source also reported consolidated net profit of ₹133.99 crore for the first half of FY2027, a 63.7% increase from the corresponding prior-year period.

How did the quarter build on Universal Cables' first-quarter performance?

Universal Cables' Q2 revenue built on Q1 FY2027 turnover of ₹945.06 crore. Using the reported standalone Q2 revenue of ₹1,018.57 crore, revenue was about 7.8% higher than the Q1 turnover figure. The company had reported Q1 revenue growth of 57.5% year-on-year, indicating that the first-half revenue base was already elevated before the September quarter.

For the first half of FY2027, Universal Cables reported its highest-ever half-year revenue of ₹1,963.63 crore, up 38.8% year-on-year. The company said the half-year performance reflected export momentum and a strengthening order book. These disclosures point to broad activity across domestic execution and export deliveries rather than a revenue contribution from a single reported project.

The first-quarter result had also drawn a market response. Universal Cables shares rose 15.88% to ₹1,635.30 after the June 2026 quarter results, when consolidated net profit was reported at ₹70.14 crore, up 108.8% year-on-year and 27.5% quarter-on-quarter. That share-price movement followed the Q1 announcement and should not be treated as a reaction to the Q2 figures.

What is supporting Universal Cables' order execution?

Universal Cables' reported order book stood at about ₹2,890 crore on September 30, including export orders of ₹637 crore. Earlier, the company had disclosed a pending order book of ₹2,860 crore as of July 1, 2026. The September figure indicates that the order pipeline remained substantial through the second quarter despite ongoing execution.

The company has outlined capacity-expansion spending of about ₹525 crore, focused on increasing high-voltage cable manufacturing throughput. Such capital expenditure is relevant because high-voltage cables require specialised manufacturing capacity and their delivery schedules can shape revenue recognition. Universal Cables has linked its current execution momentum to these capacity additions and its industrial cables and capacitors operations.

Higher finance costs were reported during the period due to expansion capital expenditure. Even so, the company said the bottom line remained resilient. The available disclosures do not provide a detailed split of finance costs, project spending, or capacity commissioned during Q2, so the direct quarterly financial effect of the expansion cannot be quantified from the information provided.

What does the Q2 update mean for investors and operations?

For investors, the Q2 update provides evidence of year-on-year top-line growth and a larger reported export contribution. Revenue growth of 25.3% year-on-year, alongside a ₹2,890 crore order book, gives a factual view of the work available for execution. However, the reported 9.30% Q2 EBITDA margin shows that revenue growth should be assessed together with profitability and financing costs.

For customers and industry operations, the data indicates continued activity in industrial cable supply, high-voltage manufacturing and exports. The company's capacity programme is intended to support throughput, while the order book includes both domestic and export orders. No specific customer names, project locations, delivery timelines or contract-wise values were disclosed in the supplied information.

Universal Cables' board was scheduled to meet on November 4, 2026, to consider and approve the unaudited standalone and consolidated results for the quarter and half-year ended September 30, 2026. The results were subject to a limited review by statutory auditors. The company also disclosed that the trading window for designated persons and immediate relatives would remain closed until November 6, 2026, 48 hours after the results declaration.

What corporate actions accompanied the results update?

Universal Cables' board approved the appointment of Sutirtha Bhattacharya as an Additional Director and Non-Executive Independent Director for a five-year term beginning November 4, 2026. The supplied corporate-action record also lists a final dividend of ₹4.50 per share with an ex-date of July 27, 2026.

The company has asked shareholders to register email addresses with their depository participant or its registrar and transfer agent, MUFG Intime India Private Limited, for communications. These administrative disclosures do not change the reported Q2 operating figures, but they form part of the company's shareholder and governance updates around the results period.

Conclusion

Universal Cables' reported Q2 FY2027 revenue of about ₹1,020 crore represents 25.3% year-on-year growth, supported by order execution and a sharp rise in export revenue. The ₹2,890 crore order book and planned high-voltage capacity expansion provide context for the company's operating activity, while the 9.30% EBITDA margin and higher finance costs remain relevant to profitability assessment.

The next point to watch is the formal unaudited Q2 and half-year results approval and limited-review disclosure associated with the November 4 board meeting. Investors can also monitor whether the company provides further details on capacity commissioning, order-book conversion, exports and the impact of expansion-related financing costs.