Universal Cables Ltd, an MP Birla Group company, has reported a standalone net profit of ₹96.53 crore for FY26, registering a growth of around 68.52% compared with ₹57.28 crore for the previous fiscal, aided by strong demand in its extra-high voltage (EHV) cable and capacitors business.
The company’s revenue from operations for FY26 stood ₹Rs 3,022.67 crore as against ₹2,408.39 crore in FY25, marking a growth of nearly 25.50%.
For the March quarter of FY26, the company posted a standalone PAT of ₹21.75 crore compared with ₹27.01 crore in the corresponding quarter last fiscal. Revenue from operations during the quarter rose 24.66% to ₹840.27 crore from ₹674.03 crore a year earlier.
Margin revival supports profitability
The company said improved product mix, higher volumes and sustained momentum in the EHV cable segment, along with steep growth in capacitors and allied quality power solutions business, helped drive the annual performance.
EBITDA margin improved by 120 basis points year-on-year to 9.60% during FY26 from 8.40% in the previous fiscal.
Despite challenges arising from the ongoing West Asia crisis, which has disrupted supply chains and increased input costs due to shortages of critical raw materials, the company expects EBITDA margin for FY27 to remain around 10%.
Export business expected to accelerate
Revenue from exports during FY26 stood at ₹169.04 crore, accounting for nearly 5.59% of total revenue from operations. The company expects exports to contribute over 15% of targeted revenue in FY27.
The company said it continues to receive export orders from Europe, Australia and West Asia while expanding into new overseas markets despite geopolitical tensions, trade uncertainties, supply chain disruptions and currency volatility.
The company has also commenced supplies for a major 400 kV EHV cable order from West Asia, with deliveries expected to continue through the third quarter of FY27.
In addition, the company said it has made progress in securing UL certification for its products and registrations with leading European power utilities, which are expected to strengthen its presence in Europe and open opportunities in the US market.
Dividend recommendation
The board of directors has recommended a dividend of ₹4.50 per equity share of face value ₹10 each for FY26, subject to shareholder approval at the company’s 81st annual general meeting. The company said the recommendation reflects improved financial performance while maintaining a balanced approach towards conserving resources for future growth plans.