Universal Cables Q2 FY-25 PAT Grows 57% YoY. Expansion Planned
Universal Cables Limited [NSE: UNIVCABLES, BOM: 504212], also known as Unistar, and a part of the MP Birla Group, has announced its financial results for Q2 of FY-25.
Universal Cables’ Q2 FY-25 Standalone Financial Results
During Q2 of FY-25, Universal Cables reported a standalone revenue of Rs. 638.12 crore and a Profit After Tax (PAT) of Rs. 18.90 crore.
Universal Cables’ Consolidated Q2 FY-25 Results Comparison
YoY Analysis of Universal Cables’ Financial Numbers: Q2 FY-25 vs. Q2 FY-24
On a Year-over-Year (YoY) basis, Universal Cables’ top-line grew by 29.07% to Rs. 638.12 crore during Q2 of FY-25 from Rs. 494.39 crore in Q2 of FY-24. PAT of the company also showed a significant increase of 56.91% to Rs. 18.28 crore during Q2 of FY-25 from Rs. 11.65 crore during second quarter of FY-24.
Correspondingly, Earnings Per share (EPS) of the company also increased Rs. 5.27 in Q2 of FY-25 against Rs. 3.36 during Q2 of FY-24.
QoQ Results Company of Universal Cables: Q2 FY-25 vs. Q1 FY-25
On a Quarter-over-Quarter (QoQ) basis, Universal Cables’ revenue jumped by 30.57% from Rs. 488.70 crore reported for Q1 of FY-25. Universal Cables’ PAT exhibited remarkable growth QoQ, with Q2 profit rocketing to 3.27 times of the company’s Q1 PAT in FY-25, which stood at Rs. 5.59 crore.
Universal Cables’ Expansion Plans for FY-26
In its annual report for FY-24, Universal Cables mentioned plans to expand its manufacturing capacity for Low Voltage, Medium Voltage, and High Voltage / Extra High Voltage power cables. The expansion will occur in phases at the company’s manufacturing plants located in Satna and Goa. A capital expenditure (CapEx) of Rs. 277 crore has been allocated for this project.
The company expects to complete commissioning of this expansion by the fourth quarter of FY-26.
Universal Cables further mentioned that the proposed expansion plan would enable a flexible manufacturing setup, allowing the company to switch production between HV/EHV and MV XLPE Insulated Power Cables, which are key products, during times when the demand is asymmetric in nature.
About Universal Cables Limited: Established in 1962, Universal Cables Limited is a major Indian manufacturer of Electrical Cables. These include Low Voltage, Medium Voltage, and Extra High Voltage XLPE Power Cables up to 500 KV grade, PVC and Rubber Insulated Power Cables upto 11 KV grade, Control and Instrumentation Cables, and more. The company also deals in the manufacturing of Power Capacitors in Low Tension / Low Voltage and high Tension / High Voltage ranges. The company also has an EPC division to execute turnkey contracts.
