Universal Cables Announces Q2 FY 22 Results, PAT Rises 125.42% YoY
Universal Cables Limited [NSE: UNIVCABLES, BOM: 504212] belonging to M.P Birla group of Companies reported its Second Quarter FY 22 Results.
Quarterly Numbers for Universal Cables Q2 FY22 vs Q2 FY21
Universal Cables reported quarterly Net Sales at ₹ 451.16 crore in September 2021, up 59.02% from ₹ 283.71 crore in September 2020.
Quarterly Net Profit touched ₹ 2.66 crore in September 2021, which is up by 125.42% from ₹ 1.18 crore in quarter ending September 2020.
Quarterly Numbers for Universal Cable Q2 FY22 v/s Q1 FY22
The revenues of ₹ 451.16 crore in second quarter of FY22 and up by 62.19% in comparison to ₹ 278.16 crore reported in the previous quarter of FY22.
Net Profit of Universal Cables Ltd in Q2 FY22 has gone down drastically by 64.34% at ₹ 2.66 crore as compared to ₹ 7.46 crore in Q1 FY22.
More Financial Insight of Universal Cables
Debtor Days of Universal Cables has risen by 22.45% to 229 days for year ended March 2021 from 187 days for FY20. Debtor Days are the average number of days required for a company to receive payments from its customers.
Inventory Days also increased. For FY21 Inventory days were at 101 days for against 89 days for FY20. Inventory Days indicates the average time in days that a company takes to turn its inventory.
Days Payable of Universal Cables have increased to 124 days in FY21 from 106 days in FY20. Days Payable indicate the average time (in days) that a company takes to pay its bills and invoices.
About Universal Cable Limited
Universal Cable Limited was established in 1962 by late Shri M.P. Birla. It is one of the leading Indian manufacturers of Electrical Cables, that includes Low Voltage, Medium Voltage and Extra High Voltage XLPE Power Cables upto 500 KV grade, PVC and Rubber Insulated Power Cables upto 11 KV grade, Control and Instrumentation Cables and more. It also manufactures Power Capacitors in low tension / low voltage & high tension / high voltage range. The company also has an EPC division to execute turnkey contracts.