Universal Cables Reports Q2 Revenue of ₹1,020 Crore Versus ₹814 Crore YoY

Market snapshot: Universal Cables Limited reported Q2 revenue of ₹1,020 crore, representing a growth of ≈25.31% YoY (derived: ₹1,020 crore vs ₹814 crore) compared to ₹814 crore in the corresponding quarter of the previous financial year. The top-line acceleration builds upon sustained order execution and ongoing capacity additions in high-voltage cable manufacturing.

Data Snapshot

• Q2 Revenue: ₹1,020 crore compared to ₹814 crore in Q2 of the prior fiscal year.
• Q1 FY 2026-27 Turnover: ₹945.06 crore, reflecting a 57.50% YoY increase.
• Pending Order Book: ₹2,860 crore as of July 1, 2026.

What's Changed

• Q2 Revenue expanded to ₹1,020 crore from ₹814 crore in the year-ago period.
• Quarterly revenue advanced sequentially from ₹945.06 crore reported in Q1 FY 2026-27.

Key Takeaways

• Top-line expansion reflects active execution across power cables and capacitor divisions.
• Order visibility remains supported by an order book of ₹2,860 crore recorded at the start of Q2.
• Capacity expansion outlays of approximately ₹525 crore bolster high-voltage manufacturing throughput.

SAHI Perspective

Universal Cables continues to demonstrate steady operational growth driven by strong demand across power transmission and capacitor infrastructure. The expansion in revenue to ₹1,020 crore highlights consistent order conversion and utilization of newly commissioned CCV production lines.

Market Implications

Sustained revenue growth strengthens the market position of Universal Cables within the electrical equipment and cables sector. Continued execution of the ₹2,860 crore order pipeline provides revenue visibility for upcoming quarters.

Trading Signals

Market Bias: Bullish

Revenue growth to ₹1,020 crore from ₹814 crore YoY demonstrates strong top-line momentum, supported by a healthy order book of ₹2,860 crore.

Overweight: Capital Goods, Electrical Equipment & Cables

Trigger Factors:

• Q2 net profit and margin disclosure in detailed BSE submission
• Commissioning milestones of remaining high-voltage cable capacity
• Raw material cost movements in copper and aluminium

Time Horizon: Near-term (0-3 months)

Industry Context

The Indian power cable and electrical equipment sector is benefiting from increased power distribution capex and infrastructure spending. Order backlogs and capacity expansions remain key performance indicators across cable manufacturers.

Key Risks to Watch

• Volatility in raw material costs, particularly copper and aluminium prices
• Execution delays in turnkey power transmission projects
• Foreign currency exchange fluctuations impacting export deliveries

Recent Developments

In August 2026, Universal Cables reported Q1 turnover of ₹945.06 crore (up 57.50% YoY) and a pending order book of ₹2,860 crore as of July 1, 2026.

Closing Insight

Universal Cables maintains positive operational momentum with solid revenue growth in Q2, backed by expanding capacity and a substantial order backlog.

High Performance Trading with SAHI.