Universal Cables shares surged 15.88% to ₹1,635.30 after the company announced robust Q1 FY27 results, opening at a fresh record high of ₹1,635 per share on the NSE. The stock has demonstrated exceptional momentum, surging over 47% in the past month and over 70% year-to-date, driven primarily by strong expectations for earnings in the June quarter. This remarkable performance reflects investor confidence in the company's growth trajectory and strategic positioning in the power equipment sector.
On a standalone basis, Universal Cables delivered exceptional financial performance with net profit surging 90.7% YoY to ₹37.18 crore compared to ₹19.5 crore in the corresponding quarter of the previous year. The company's EBITDA for the quarter stood at ₹94.57 crore with an EBITDA margin of 10.01%, while profit before tax increased 66.8% YoY to ₹45.90 crore. The strong performance was driven by higher sales volumes, improved product mix, sustained momentum in the Extra-High Voltage (EHV) cable business, and strong growth in the capacitors and allied power quality solution business. On a consolidated basis, the company reported net profit of ₹70.14 crore, up 108.8% YoY and 27.5% QoQ.
The company's top-line growth was equally impressive, with standalone revenue from operations jumping 57.5% YoY to ₹945.06 crore in Q1 FY26, marking the company's highest-ever Q1 turnover. According to the latest reports, this substantial revenue increase demonstrates the company's strong market position and operational efficiency. The export revenue jumped 187% YoY to ₹120.01 crore, contributing 12.7% of revenue from operations. The company's orders stood at ₹2,860 crore as of 1 July 2026, including export orders of ₹485 crore, with an additional ₹390 crore worth of export orders remaining in the pipeline. The Power Capacitor Division continued its strong performance with revenue growth of 63.1% during Q1 FY26-27.
In line with the robust earnings performance, Universal Cables has provided equally strong guidance for FY27, projecting revenue growth of 25% led by a strong order book and disciplined capital expenditure allocation. Managing Director & CEO Mr Y.S. Lodha commented on the quarterly results, highlighting that global electricity demand is accelerating faster than supply due to digitalisation, electrification, and industrialisation. He emphasized that AI infrastructure, electrification, reshoring, and defence readiness are all increasing the need for reliable power just as supply-side constraints persist through interconnection delays and grid complexity.
Following its board meeting held on 7th August 2026, Universal Cables has announced significant capacity expansion plans. The company has increased its investment in the ongoing capacity augmentation project from ₹550 crore to approximately ₹617 crore, focusing on enhancing capabilities of Medium Voltage and High Voltage power cable businesses through debottlenecking processes. Additionally, the board approved a proposal to significantly expand optical fibre production capacity of Birla Furukawa Fibre Optics Private Limited, a joint venture with Furukawa Electric Co, Ltd., Japan, with an ambitious expansion estimated at approximately USD 500 million (equivalent to around ₹4,800 crore). The proposed investment will enable the joint venture to achieve nearly three times its existing capacity with completion targeted by 31 December 2028.
