Universal Cables Q2 FY23 Revenue at 514 Cr., Q2 PAT Rockets 212.16% YoY
Universal Cables Limited [NSE: UNIVCABLES, BOM: 504212], an MP Birla Group company and a manufacturer of cables, has announced its financial results for the quarter ended 30th September 2022.
Universal Cables’ Standalone Financials for Q2 of FY-23
The company’s standalone revenue from operations stood at Rs. 514.28 crore for the second quarter of the ongoing fiscal.
Standalone Profit After Tax (PAT) clocked by Universal Cables was Rs. 20.11 crore during this period.
Comparison of Universal Cables’ Consolidated Financials
Universal Cables Reports Exceptional YoY Growth: Q2 FY-23 vs. Q2 FY-22
Consolidated revenue from operations of Universal Cables shot up by 13.99% on a Year-over-Year (YoY) basis, to Rs. 514.28 crore earned during Q2 of FY-23 from Rs. 451.16 crore reported for Q2 of FY-22.
Universal Cables’ consolidated Q2 PAT showed a staggering increase of 212.16% YoY, to Rs. 25.91 crore during FY-23 from Rs. 8.30 crore in the previous financial year.
QoQ Comparison of Financials Exhibit Minimal Change: Q2 FY-23 vs. Q1 FY-23
On a Quarter-over-Quarter (QoQ) basis, Universal Cables’ financial performance remained largely steady with a minimal change in numbers.
The company’s revenue from operations was up by a meagre 0.09%, from the Rs. 513.80 crore revenue earned during the first quarter of the ongoing fiscal.
PAT decreased slightly, dropping by a humble 3.21% from the company’s Q1 profit for the current year which stood at Rs. 26.77 crore.
About Universal Cables Ltd.: Universal Cables Limited was established in 1962, and it is one of the leading Indian manufacturers 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 & High Tension / High Voltage ranges. The company also has an EPC division to execute turnkey contracts.