Universal Cables Posts Stellar Q1 Results with 488% Surge in Net Profit Aug 11, 2025
Universal Cables Reports Strong Q1 Performance, Approves Corporate Guarantee for Joint Venture Aug 08, 2025
More news about Universal Cables
13Jun 25
EU Imposes Countervailing Duty on Indian Optical Fibre Cables, Potentially Affecting Universal Cables
The European Union has implemented a countervailing duty on optical fibre cables imported from India. This measure could affect the competitiveness of Indian manufacturers, including Universal Cables Ltd., in the EU market. The duty may lead to increased export costs, challenges in maintaining market share, and the need for strategic adjustments by Indian exporters. The specific rate and impact of the duty have not been disclosed. This development affects the entire Indian optical fibre cable industry exporting to the EU, potentially prompting industry-wide discussions and diplomatic efforts.
12Jun 25
EU Imposes Countervailing Duty on Indian Optical Fibre Cables, Affecting Universal Cables
The European Union has implemented a countervailing duty on optical fibre cables imported from India. This measure could impact Universal Cables and other Indian manufacturers exporting to the EU market. The duty aims to offset potential subsidies provided by the Indian government, which may affect the competitiveness of Indian products in the European market. The specific duty rate has not been disclosed. This development may require Universal Cables to reassess its European market strategy and explore alternative markets or domestic opportunities.
Universal Cables Ltd. reported a consolidated net profit of ₹497.00 million for Q4, up from ₹485.70 million year-over-year. Revenue increased to ₹6.74 billion, a 16% growth. EBITDA rose slightly to ₹618.00 million, though the EBITDA margin decreased to 9.17%. The company recommended a dividend of ₹4.00 per equity share.