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Sarathi Research

10th Aug · SEBI-Registered Analyst

Universal Cables Shares Hit Record High After Strong Q1 Profit Growth

$UNIVCABLES Universal Cables remained in focus today after reporting a strong 90% year-on-year increase in profit for the June quarter. The company recorded healthy revenue growth across its cables and power capacitor businesses. Its Power Capacitor Division delivered 63.10% revenue growth during the quarter. The company also indicated a target of around 25% revenue growth for FY27. Following the results, shares touched a fresh record high during today's trading session. Universal Cables manufactures power cables, wires and related electrical products for infrastructure and industrial applications. The company continues to expand its presence in the power transmission and distribution sector. Its latest quarterly performance has strengthened the company's financial momentum. The stock was among the notable small-cap companies in focus in today's market. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only. Investors must verify information before investing and consider their financial position & risk profile.

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