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Universal Cables Ltd Q2FY24; 54% fall in Profits

Universal Cables Ltd is predominantly engaged in the business of manufacturing a large range of power cables from 1.1kV to 400kV & capacitors, Turnkey Projects relating thereto and other types of wires and cables, conductors, etc.

Financial Results:

Universal Cables Ltd reported Revenues for Q2FY24 of ₹494.00 Crores down from ₹514.00 Crore year on year, a fall of 3.89%.

Total Expenses for Q2FY24 of ₹499.00 Crores up from ₹498.00 Crores year on year, a rise of 0.2%.

Consolidated Net Profit of ₹12.00 Crores down 53.85% from ₹26.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.36, down 55.02% from ₹7.47 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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