Universal Cables Q2 FY27 Results: Consolidated Net Profit ₹63.85 Crore on Total Income of ₹1,031 Crore

Universal Cables (NSE: UNIVCABLES) reported consolidated total income of ₹1,031.35 crore and consolidated net profit of ₹63.85 crore for the quarter ended 30 Sep 2026. Standalone total income was the same at ₹1,031.35 crore, with standalone net profit of ₹33.12 crore.

Key highlights

Summary

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Consolidated net profit rose 32.3% YoY, faster than total income, which rose 25.1%. The gap comes below the operating line: the consolidated statement adds a share of profit in the associate and joint venture of ₹36.34 crore before tax, a line the standalone figures do not carry. Profit before tax rose 23.1%, so the gain in net profit is larger than the gain before tax, with the tax expense falling 7.7% to ₹13.22 crore.

Other income of ₹12.78 crore is 1.2% of total income and 16.6% of profit before tax of ₹77.07 crore. Finance costs of ₹40.71 crore are 3.9% of total income, up 50.5% on a year earlier. Against the prior quarter, net profit fell 9.0% while total income rose 8.8%.

The year-ago consolidated figures were restated under Note 3 for the associate's consolidation of three wholly owned subsidiaries. The notes give reported year-ago profit before tax as ₹61.80 crore and restated as ₹62.59 crore, and the auditors draw attention to that note, which also affects opening other equity as at 1 Apr 2025. The auditors' conclusion is not modified on either matter.

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Standalone net profit fell 9.4% YoY to ₹33.12 crore while total income rose 25.1% to ₹1,031.35 crore. Profit before tax fell 14.3%, to ₹40.73 crore, and the tax expense fell 30.6% to ₹7.61 crore, so the tax line narrowed the gap between profit before tax and net profit. The standalone figures carry no share of associate or joint venture profit.

Finance costs of ₹40.71 crore rose 50.5% from ₹27.05 crore a year earlier, and depreciation rose 40.7% to ₹12.88 crore. Other income of ₹12.78 crore is 31.4% of standalone profit before tax of ₹40.73 crore. Revenue from operations rose 25.1%, slower than other income, which rose 28.0%.

The company's press release says exports rose 139% YoY to ₹137.72 crore in Q2 FY27 and that its pending order book stood at approximately ₹2,890 crore on 30 Sep 2026, including export orders of about ₹637 crore. It also says it secured an export order worth approximately USD 25 million for EHV cable from Latin America in the quarter.

Inference

The filing says the company's ongoing capacity augmentation project has a total outlay of approximately ₹625 crore and that the final phase of the MV and HV cable capacity expansion is slightly delayed, now expected to be fully operational by end of Dec 2026. The company attributes the delay to reasons beyond its control, without saying what they are.

The company says it expects revenue from operations to grow by about 25% or more in FY 2026-27, based on its order book and expected inflow of orders. The filing also reports that the Board approved the results on 4 Nov 2026, and that Shri Kishore Kumar Mehrotra ceases to be a director from close of business on 10 Nov 2026, while Shri Sutirtha Bhattacharya is appointed as an additional independent director, subject to shareholder approval.

Not stated: the amount of any dividend declared for the period, and whether a shareholder approval date has been set for the Bhattacharya appointment.