Universal Cables Q3 FY23 Financials: Revenue Soars 20.62%, Profits Grow 78.44% YoY
Universal Cables Limited [NSE: UNIVCABLES, BOM: 504212], an Indian cable manufacturer (also known as Unistar) and a part of the MP Birla Group, has announced its financial figures for the quarter ended 31st December 2022.
Universal Cables’ Q3 FY-23 Standalone Financials
During the third quarter of FY-23, Universal Cables clocked a standalone revenue of Rs. 590.99 crore.
Correspondingly, the standalone Profit After Tax (PAT) earned by the company for this period stood at Rs. 13.44 crore.
Consolidated Q3 FY-23 Financial Figures for Universal Cables
YoY Comparison of Unistar’s Financials: Q3 FY-23 vs. Q3 FY-22
On a Year-over-Year (YoY) basis, Universal Cables’ Q3 consolidated revenue from operations exhibited a healthy growth of 20.62% to Rs. 590.99 crore in FY-23 from Rs. 489.98 crore during FY-22.
The company’s Q3 PAT also followed an upward trajectory, rocketing by an impressive 78.44% YoY growth. For the quarter ended 31st December 2022, Universal Cables reported a PAT of Rs. 24.41 crore, as compared to Rs. 13.68 crore earned as PAT for the same period in the previous fiscal.
QoQ Comparison of Universal Cables’ Financial Results: Q3 FY-23 vs. Q2 FY-23
Quarter-over-Quarter (QoQ) comparison of Unistar’s revenue from operations reflects an increase of 14.92%. The company had reported Rs. 514.28 crore as its revenue from operations for the second quarter of FY 23.
PAT, however, exhibited a meagre drop of 5.79% from Q2 to Q3 of FY-23. For the quarter ended 30th September 2022, Unistar’s PAT stood at Rs. 25.91 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.