Ultracab (India) Limited , a prominent player in the cable manufacturing industry, has recently secured two significant contracts from Larsen & Toubro Limited (L&T), marking a substantial boost to its order book and potential revenue growth.

Rs 50 Crore Purchase Order

Ultracab has been awarded a Purchase Order worth Rs 50.00 crores (inclusive of taxes) from L&T Construction. This order entails the supply of LT power and control cables for an EPC project undertaken by the L&T Construction Division. The contract is expected to be executed within one year and is anticipated to contribute positively to Ultracab's revenue and business performance.

Annual Rate Contract

In addition to the Purchase Order, Ultracab has also secured an Annual Rate Contract (ARC) from L&T Construction. This contract involves the supply of 63 LT cable items, including:

• PVC insulated cables with flexible conductors
• PVC insulated heavy-duty armoured electric cables
• XLPE insulated armoured cables

The ARC will cater to approximately 600+ project sites, stores, regional offices, and factories across eight divisions of the L&T Group throughout India. This extensive contract underscores the strong and long-term business relationship between Ultracab and L&T, a leading player in the infrastructure and EPC sector.

Contract Details

Both contracts have been awarded in the ordinary course of business and are expected to contribute positively to Ultracab's overall revenue and business growth. The company's ability to secure these significant contracts from a reputed client like L&T demonstrates its strong market position and the quality of its products.

As the cable manufacturing industry continues to play a crucial role in infrastructure development, Ultracab's recent contract wins position it favorably for potential growth. Investors and market watchers will likely keep a close eye on how these contracts impact the company's financial performance in the upcoming quarters.

Ultracab (India) Limited , a prominent player in the wires and cables industry, has released its unaudited standalone financial results for the first quarter of the fiscal year, ending June 30. The company has reported a mixed performance, with revenue growth but a slight dip in profitability.

Financial Highlights

• Revenue from operations increased to Rs 6,013.48 lakh, up from Rs 5,369.45 lakh in the same quarter last year, marking a growth of 12%.
• Profit for the period stood at Rs 170.27 lakh, compared to Rs 212.74 lakh in the previous year's quarter, showing a decrease of 20%.
• Earnings per share (EPS) for the quarter was Rs 0.14.

Key Financial Metrics

Board Committee Restructuring

Following the resignation of Independent Director Mr. Vipul Mansukhbhai Patel, Ultracab has announced the reconstitution of its Audit and Stakeholders Relationship Committees. The key changes include:

• Mrs. Viralben Chetankumar Dave has been appointed as Chairperson of both the Audit Committee and the Stakeholders Relationship Committee.
• The Audit Committee now comprises Mrs. Viralben Chetankumar Dave (Chairperson), Mr. Nitesh Vaghasiya (Member), and Mr. Satish Kalkani (Member).
• The Stakeholders Relationship Committee includes Mrs. Viralben Chetankumar Dave (Chairperson), Mr. Satish Kalkani (Member), and Mrs. Aarti Shingala (Member).

Tax Regime Change

Ultracab has adopted a new tax regime under section 115BAA of the Income Tax Act, with a tax rate of 25.17%. This change has been reflected in the company's financial statements for the quarter ended June 30.

Management Commentary

Pankaj Shingala, Whole-time Director of Ultracab (India) Limited, stated, "While we have seen robust top-line growth this quarter, we are actively working on improving our profitability. The restructuring of our board committees is part of our ongoing efforts to enhance corporate governance and operational efficiency."

The company's board meeting, held on August 6, commenced at 4:00 PM and concluded at 5:00 PM. Ultracab has also revised its statutory policies and codes in accordance with the Companies Act, 2013 and SEBI Listing Regulations, which will be made available on the company's website.

Investors and stakeholders can access the detailed financial results on the company's website at www.ultracabwires.com and on the BSE Limited website at www.bseindia.com .