Universal Cables Limited , a leading manufacturer of power cables and capacitors, has reported stellar financial results for the first half of FY 2025-26, showcasing robust growth across key metrics.

Record-Breaking Revenue

The company achieved its highest-ever half-year revenue of Rs 1,414.48 crore for H1 FY2025-26, representing a significant 25.5% growth compared to the same period last year. The September quarter saw Universal Cables clock its highest quarterly Revenue from Operations, amounting to Rs 814.29 crore, up 27.60% year-on-year from Rs 638.12 crore in the corresponding quarter of the previous fiscal year.

Profitability Soars

Universal Cables reported a standalone net profit of Rs 56.04 crore for the half year ended 30th September 2025, marking a substantial 172.4% increase compared to the same period in FY 2024-25. The standalone Net profit for Q2 FY2025-26 grew by 93% to Rs 36.55 crore from Rs 18.90 crore in the corresponding quarter of the previous financial year.

Improved Operational Efficiency

The company's EBITDA margin improved by 152 basis points year-on-year to 10.28% during Q2, compared to 8.76% in the corresponding quarter of the previous fiscal year. This improvement is attributed to broad-based expansion in the Cables & Capacitors business, better operational efficiency, and a favorable business mix.

Export Momentum and Order Book

Universal Cables continues to expand its reach in overseas markets, securing significant export orders:

• A USD 38 million order for 400kV EHV Cable from the Middle East, marking a first for any Indian cable company in this niche area.
• The company is poised to secure a USD 25 million order for supply and installation of 110kV & 161kV EHV Cables in Latin America.

The pending Order Book of the Company for products and projects stood at approximately Rs 2,945 crore as of 30th September 2025.

Capacity Expansion Progress

Universal Cables is making steady progress on its capacity expansion project:

• Total outlay of approximately Rs 525 crore (revised upward from Rs 505 crore).
• Two out of four planned CCV (Continuous Catenary Vulcanization) Lines have been commissioned and are operating at full capacity.
• The remaining two CCV Lines are expected to be commissioned by the end of FY 2025-26 and Q1 of FY 2026-27, respectively.
• A new Low Voltage (LV) Cable Plant at Satna is progressing well and is expected to be commissioned by the end of December 2025.

Future Outlook

Y.S. Lodha, Managing Director and Chief Executive Officer of Universal Cables, stated, "Being a pioneer in the power cable industry, we have plenty of opportunity to grow, both in domestic and overseas markets, given the unassailable credentials built over a period of time with best-in-class manufacturing setup and comprehensive product range conforming to global standards. The key to sustaining the current growth momentum is rapidly scaling up our manufacturing capacity."

The company anticipates sizable growth in international business over the next 2-3 years by strategically penetrating newer geographies, supported by its growing order book and potential growth opportunities.

Universal Cables Limited, an MP Birla Group Company founded in 1962, continues to strengthen its position as a pioneer in the power cables industry, with production facilities located in Satna (Madhya Pradesh) and Verna (Goa).

Financial Highlights

Standalone Financial Results (H1 FY2025-26 vs H1 FY2024-25)

Consolidated Financial Results (H1 FY2025-26 vs H1 FY2024-25)

With these strong financial results and ongoing expansion initiatives, Universal Cables Limited appears well-positioned for continued growth in both domestic and international markets.

Universal Cables Limited, a prominent player in the cable manufacturing industry, has announced a significant change in its top management. Amit Kumar Chopra, the company's Chief Financial Officer (CFO), has tendered his resignation, effective from the close of business hours on September 22, 2025.

Resignation Details

The company disclosed this information in a regulatory filing to the BSE Limited and the National Stock Exchange of India Ltd. According to the filing, Chopra's decision to step down is attributed to personal reasons, as stated in his formal resignation letter dated July 26, 2025.

Impact on Company Structure

With this departure, Chopra will also cease to be a Key Managerial Personnel under Section 203 of the Companies Act, 2013. This change affects his role in determining the materiality of events or transactions for making required disclosures to the Stock Exchange, as per Regulation 30(5) of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations.

Transition Process

In his resignation letter, Chopra expressed gratitude for the opportunity to serve as CFO of Universal Cables Limited. He stated, "I am grateful for the opportunity to have served as CFO and appreciate the support and trust you and the board have placed in me." Chopra also committed to ensuring a smooth transition, saying, "I am committed to ensuring a smooth transition during my departure and will do everything I can to assist with the handover of my responsibilities."

Company's Response

Universal Cables Limited acknowledged Chopra's contributions and has initiated the process of transition. The company's filing, signed by Company Secretary Sudeep Jain, provided the necessary details as required under Regulation 30 of the SEBI LODR Regulations.

Looking Ahead

As Universal Cables Limited prepares for this transition in its financial leadership, the company has not yet announced a successor to the CFO position. Stakeholders will be keenly watching how this change might impact the company's financial strategies and operations in the coming months.

This development comes at a time when companies across sectors are witnessing significant shifts in their top management, often driven by personal or professional reasons. For Universal Cables Limited, the focus will now be on ensuring a seamless transition and maintaining the momentum in its financial operations.