Universal Cables Limited — Important, 10-02-2025: Capacity addition

The Board of Directors of Universal Cables Limited met to approve the financial results for the quarter and nine months ended December 31, 2024. The company reported total revenue from operations of ₹17,343.54 million during this period, up from ₹14,403.42 million in the same period last year, signifying a positive growth trajectory. The profit for the period amounted to ₹3,027.18 million compared to ₹2,824.75 million in the previous year, reflecting a strong year-over-year improvement.

In addition, the Board has approved an expanded capacity expansion project at its Satna (M.P.) and Verna (Goa) facilities, increasing the estimated cost from ₹2,770 million to ₹4,820 million. This move is driven by the anticipated growth in demand for power cables and is expected to enhance production capacity significantly. The expanded capacities are projected to be operational in phases between July 2025 and March 2026, indicating a strategic push to strengthen market position and meet future demand. Investors should monitor these developments closely for potential growth opportunities.