Universal Cables Reports Highest Turnover in FY 2025-26; Recommends 45% Dividend

Universal Cables Reports Highest Turnover in FY 2025-26; Recommends 45% Dividend​

Universal Cables Limited reported a significant boost in its financial performance for the year ended March 31, 2026, achieving a standalone turnover of Rs 3,022.67 crores. The company's Board of Directors, in its meeting on May 23, 2026, approved the financial results and recommended a dividend of 45% on its equity shares.

The company, which operates under the MP Birla Group, is a leading manufacturer of power cables, capacitors, and related power solutions. The substantial revenue growth was attributed to higher volumes and an improved product mix, particularly within the Extra-High Voltage (EHV) cable business and the capacitors segment.

Financial Performance Highlights​

For the fiscal year 2025-26, Universal Cables Limited recorded the following key financial results:


For the quarter ended March 31, 2026, the Revenue from Operations stood at Rs 840.27 crores, reflecting a growth of 24.66% compared to the previous year's corresponding period of Rs 674.03 crores. The standalone Profit before Tax (PET) for the quarter grew 3.60% to Rs 35.08 crores from Rs 33.87 crores.

Strategic Expansion and Capital Initiatives​

The Board of Directors approved plans for major technological upgrades and capacity expansion.

Firstly, the company is advancing an ongoing organic capacity expansion project with an estimated capital outlay of Rs 550 crores, which was initially intimated on February 6, 2026.

In addition, the Board approved a plan for the technological upgradation and modernization of the EHV Cable facility at Satna, Madhya Pradesh. This project carries an estimated outlay of Rs 73 crores. The investment aims to utilize precision manufacturing and flexibility to meet evolving international quality, safety, and environmental standards, thereby enhancing the company's competitiveness in overseas markets.

On the financing front, the Board approved raising funds by issuing Non-Convertible Debentures (NCDs) or other debt securities on a private placement basis, aggregating up to Rs 200 crores.

Dividend Recommendation and Equity Capital​

The Board of Directors recommended a dividend of Rs 4.50 per share (45%) on 3,46,95,381 fully paid-up equity shares of face value Rs 10 each for the financial year 2025-2026. The payment of this dividend is contingent upon the approval of the shareholders at the ensuing Eighty-First Annual General Meeting.

Leadership and Governance Updates​

The Board meeting also approved key changes in the company's senior management and directorship.

1. Appointment of Key Managerial Personnel (KMP): Shri Ajay Kumar Sharma, who holds ICSI Membership No. A-9127, was approved as the Company Secretary and Chief Compliance Officer, effective May 23, 2026. Consequently, he will also be designated as one of the Key Managerial Personnel.
2. Directorship Change: The Board took note that Shri Bachh Raj Nahar, Non-Executive Independent Director, will attain the age of seventy-five (75) years on June 14, 2026. His present term shall stand curtailed, and he will cease to be a Director of the Company at the close of business hours on June 13, 2026.

The company also noted that the strong order book, with pending orders for products and projects standing at approximately Rs 3025 crores as of March 31, 2026 (including export orders of Rs 495 crores), is expected to drive sustained growth in the coming financial year.

UNIVCABLES Stock Price Movement​

On Friday, Universal Cables Limited shares edged higher, concluding the session up 0.65% at ₹1012.05. The stock traded on a volume of 108,519 shares, continuing its upward trend from the previous day's close of ₹999.05.