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

The Board of Universal Cables Limited has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024. The company's revenue from operations increased to ₹60,753.79 Cr for the quarter, compared to ₹46,654.10 Cr for the same period last year. The profit before tax stood at ₹1,203.95 Cr, reflecting a decrease from ₹1,516.62 Cr year-over-year, while net profit for the period was ₹970.43 Cr.

Additionally, the Board has approved an expansion of the ongoing capacity projects at the Satna (M.P.) and Verna (Goa) facilities, increasing the investment from ₹277 Cr to ₹482 Cr to meet the rising demand for power cables. This expansion is expected to enhance manufacturing capacity significantly and is projected to be operational between July 2025 and March 2026. Overall, there’s a positive outlook as the company positions itself to service growing demand in both domestic and international markets. Investors should watch closely for developments from these strategic initiatives.