Universal Cables FY22 Financial Results: 41.6% YoY Increase in Total Income
Universal Cables Ltd. [NSE: UNIVCABLES, BOM: 504212], part of MP Birla Group of Companies, has announced its financials for the quarter ended 31st March 2022.
Universal Cables’ Consolidated Financial Results
YoY Comparison of Universal Cables’ Financials: Q4 FY-21 vs Q4 FY-22 & FY-21 vs FY-22
Universal Cables’ total income for Q4 FY22 increased by 41.30% YoY to Rs 597.52 crore from Rs 422.85 crore during Q4 FY21. The Profit After Tax (PAT) however declined by 6.93% to Rs 31.12 crore in the last quarter of FY-22 from Rs 33.44 crore during the same period in the previous fiscal.
Talking about the entire year, the company’s total income was 41.6% higher in FY-22 at Rs 1,833.03 crore, from Rs 1,294.13 crore recorded for FY-21. PAT also showed an upward trend and increased by 11.45% to Rs 74.92 crore during 2021-2022 from Rs 67.22 crore during 2020-2021.
QoQ Comparison of Universal Cables’ Financials: Q3 FY-22 vs Q4 FY-22
Comparing the company’s quarterly results, total income shot up by 21.37% to Rs 597.52 crore during the quarter ended 31st March 2022 from Rs 492.31 crore recorded for the previous quarter.
The growth in PAT from Q3 to Q4 of FY-22 was particularly remarkable, exhibiting a 127.48% increase to Rs 31.12 crore from Rs 13.68 crore.
About Universal Cables: Universal Cables Ltd. is a major Indian cable company which was established in 1962 by Mr MP Birla. The company manufactures electric cables, which include Low Voltage, Medium Voltage and Extra High Voltage XLPE Power Cables up to 500 KV grade, PVC and Rubber Insulated Power Cables up to 11 KV grade, and Control and Instrumentation Cables. Universal Cables also manufactures Power Capacitors in low tension / low voltage & high tension / high voltage range.