This smallcap wires and cable maker shares hit 20% upper circuit after doubling Q1FY27 profit; projects 25% revenue growth for FY27

Shares of small-cap cables and power equipment manufacturer surged over 17% on Monday morning after the company announced robust growth and provided strong guidance for FY27. Universal Cables' share price opened at a fresh record high level of ₹1,635 apiece on the NSE on Monday morning.

The shares have extended their rally, surging over 47% in the past month and over 70% YTD. The buoyancy was primarily driven by strong expectations for earnings in the June quarter.

Universal Cables Q1FY27 earnings

On a standalone basis, the company’s revenue jumped 57% YoY to ₹945 crore, up from ₹600 crore in the same period last year. The company said strong performance was driven by higher sales volumes, an improved product mix, sustained momentum in the Extra-High Voltage (EHV) cable business, and strong growth in the capacitors and allied power quality solution business.

At the operating level, the EBITDA for the quarter stood at ₹94.5 crore as compared to ₹60 crore in the same period last year. The EBITDA margin largely remained unchanged owing to raw material cost pressures.

Lastly, the net profit for the quarter soared to ₹37.8 crore as compared to ₹19.5 crore in the same period last year, registering a growth of 90% YoY.

Alongside this, the company's orders stood at ₹2,860 crore as of 1 July 2026, including export orders of ₹485 crore. In addition to this, ₹390 crore worth of export orders remain in the pipeline. The press release read, “The Company’s Power capacitor division continued its strong performance and recorded a revenue growth of 63.10% during Q1 FY 2026-27. With a healthy order book and stable margins, the division is well positioned to make a meaningful contribution to both the top line and bottom line of the Company in the coming period”.

Robust guidance

In line with the robust earnings, the company also projected equally robust topline guidance for FY27. The company said it expects revenue growth of 25%, led by a strong order book and disciplined capex allocation.

AI infrastructure bet

Commenting on the robust quarterly earnings growth, Mr Y.S.Lodha, Managing Director & CEO said, “The global electricity demand is accelerating faster than supply, propelled by the combined forces, inter alia, of digitalisation (AI and data storage increase demand for reliable power), electrification and industrialisation.AI infrastructure, electrification, reshoring, and defence readiness are all increasing the need for reliable power just as the supply side is constrained by interconnection delays, equipment lead times and grid complexity.