Other income rose 33.90% to Rs 3.91 crore.''PBIDT rose 2.48% to Rs 65.68 crore.''Provision for interest rose 4.57% to Rs 24.73 crore.' 'PBDT rose 1.26% to Rs 40.95 crore.''Provision for depreciation rose 10.44% to Rs 7.09 crore.' 'Profit before tax down 0.47% to Rs 33.86 crore.''Share of profit/loss was 0.84% higher at Rs 31.08 crore.''Provision for tax was expense of Rs 15.25 crore, compared to Rs 16.27 crore.''Effective tax rate was 23.48% compared to 25.09%. Minority interest was nil in both the periods.''Net profit attributable to owners of the company increased 2.31% to Rs 49.69 crore.''
Full year results analysis.
Net sales (including other operating income) of Universal Cables has increased 19.19% to Rs 2408.39 crore.''Operating profit margin has declined from 8% to 7.46%, leading to 11.09% rise in operating profit to Rs 179.62 crore.''Raw material cost as a % of total sales (net of stock adjustments) increased from 70.16% to 72.43%. ''Purchase of finished goods cost rose from 2.93% to 4.01%. ''Employee cost decreased from 4.67% to 4.39%. ''Other expenses fell from 14.32% to 11.86%. ''
Other income fell 3.35% to Rs 22.81 crore.''PBIDT rose 9.25% to Rs 202.43 crore.''Provision for interest rose 13.53% to Rs 103.85 crore.''Loan funds rose to Rs 848.78 crore as of 31 March 2025 from Rs 771.02 crore as of 31 March 2024.''Inventories rose to Rs 395.32 crore as of 31 March 2025 from Rs 284.02 crore as of 31 March 2024.''Sundry debtors were lower at Rs 910.65 crore as of 31 March 2025 compared to Rs 1,076.80 crore as of 31 March 2024.''Cash and bank balance rose to Rs 8.11 crore as of 31 March 2025 from Rs 5.02 crore as of 31 March 2024.''Investments declined from Rs 1,652.45 crore as of 31 March 2024 to Rs 1,618.30 crore as of 31 March 2025.''
PBDT rose 5.07% to Rs 98.58 crore.''Provision for depreciation rose 14.98% to Rs 27.32 crore.''Fixed assets increased to Rs 289.34 crore as of 31 March 2025 from Rs 199.87 crore as of 31 March 2024.''Intangible assets increased from Rs 0.25 crore to Rs 1.06 crore.''
Profit before tax grew 1.71% to Rs 71.26 crore.''Share of profit/loss was 37.62% lower at Rs 46.2 crore.''Provision for tax was expense of Rs 28.07 crore, compared to Rs 35.9 crore.''Effective tax rate was 23.90% compared to 24.91%.
Minority interest was nil in both the periods.''Net profit attributable to owners of the company decreased 17.40% to Rs 89.39 crore.''
Order Book Update
At the end of March this year, Universal Cables had an order book of around Rs.1,800 Crores. Driven largely by the demand for EHV cables and Capacitors/Capacitor Bank-related turnkey contracts, the order book has strengthened in the past one-and-a-half months, and is pushing towards Rs.3,000 Crores. These orders are to be executed in the current and next financial years.
The robust order book, particularly of EHV cables and related projects, may improve overall EBITDA margin by an estimated 160 basis points in FY 2025- 26.
Management Comment & Outlook
Being a pioneer in the power cable industry, we have plenty of opportunity to grow, both in domestic and overseas markets, said Y.S. Lodha, Managing Director and Chief Executive Officer, Universal Cables. The key to sustaining the current growth momentum is rapidly scaling up our manufacturing capacity.
Over the past five years, the Company's revenue has grown at a CAGR of 9%. The management expects growth to accelerate and sustain an average Revenue CAGR in the range of 20%-25% in the next five years. In FY 2024- 25, the Company's capacity utilisation was around 90%, which is close to the optimum level achievable based on product mix.
In FY 2024-25, Universal Cables invested Rs.126.31 Crores to expand its manufacturing capacity. This was part of a budgeted capital expenditure of Rs.505 Crores on the Company's facilities at Satna and Goa, which is to be concluded in FY 2025-26.
In view of the fact that the Company's ongoing projects aimed at scaling up capacity are expected to reach optimum capacity utilisation faster than anticipated, further capex proposals to augment production capacity across all voltage grades of power cables are under active consideration. The availability of large freehold land and other necessary infrastructure at the Company's Satna facility further strengthen the management's confidence to execute expansion plans at an accelerated pace.
Equity capital stood at Rs 34.70 crore as of 31 March 2025 to Rs 34.70 crore as of 31 March 2024.''Per share face Value remained same at Rs 10.00.''
Promoters' stake was 61.89% as of 31 March 2025 ,compared to 61.89% as of 31 March 2024 .''
Recommended dividend of Rs. 4.00 per share (i.e., 40%) on 3,46,95,381 equity shares of face value Rs. 10/- each of the Company for the financial year 2024-25, subject to the approval of the shareholders in the ensuing Eightieth (80th) Annual General Meeting of the Company. Upon approval of the shareholders, the dividend declared will be paid within thirty (30) days of declaration, subject to deduction of applicable Tax at Source as per the provisions of the Income Tax Act, 1961, and the rules made thereunder.
Cash flow from operating activities increased to Rs 175.62 crore for year ended March 2025 from Rs 33.06 crore for year ended March 2024.''Cash flow used in acquiring fixed assets during the year ended March 2025 stood at Rs 163.07 crore, compared to Rs 60.76 crore during the year ended March 2024.''
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0 mins read . Dec 18, 2024
0 mins read . Dec 18, 2024
0 mins read . Dec 18, 2024
