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Universal Cables’ Q1 FY23 Results: Revenue Shoots 84.71% YoY

Universal Cables Ltd. [NSE: UNIVCABLES, BOM: 504212], has announced its financials for Q1 of the 2022-23 financial year.

Universal Cables’ revenue from operations for the quarter ended 30th June 2022 stood at Rs. 513.80 crore, which is a remarkable 84.71% higher than the company’s Rs. 278.16 crore revenue during Q1 of FY-22.

Profit After Tax (PAT) clocked by the company in Q1 of the current fiscal was Rs. 26.77 crore, which 22.69% higher than the PAT for Q1 of the previous fiscal, which stood at Rs. 21.82 crore.

Comparison of Universal Cables’ Q1 FY-23 revenue from operations with that for Q4 of FY-22 reflects a decrease of 13.54% from Rs. 594.23 crore.

PAT of the company decreased by 13.98% on a QoQ basis from Rs. 31.12 crore clocked during the last quarter of FY-22.