Earnings Pataka: Stock to watch for is Universal Cables

In his special segment ‘earnings pataka’, CNBC-TV18’s Varinder Bansal has selected Universal Cables for its stellar fourth quarter performance.It is a MP Birla Group company and amongst the largest cable manufacturing companies in India. The fourth quarter margins were up at 10.5 percent versus 6.6 percent reported for the same quarter last fiscal. The total income, too, was up 12 percent and EBITDA was up 78 percent. The fourth quarter profit after tax was higher than profit of nine months of FY16. FY16 PAT stood at Rs 19.5 percent versus a FY15 loss of Rs 34.7 crore.