UCAL LimitedQ1 FY27 Results & Financial Update
UCAL Limited: Q1 FY27 consolidated results and company financials – revenue ₹203.15 Cr, PAT ₹5.84 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore UCAL Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
During the first quarter of fiscal year 2027, ended June 30, 2026, UCAL Limited reported consolidated revenue from operations of INR 203.15 crore, accompanied by total consolidated income of INR 204.85 crore. The company returned to positive profitability during the quarter following losses in preceding periods, posting a profit before tax of INR 7.90 crore and a consolidated net profit after tax of INR 5.84 crore.
Basic and diluted earnings per share for the quarter stood at INR 2.64 each, reflecting the earnings turnaround during the period. The financial performance benefited from stabilized operational expenses and controlled material consumption relative to the preceding quarter ended March 31, 2026, when total expenses had scaled higher.
Total consolidated expenses for the quarter were contained at INR 196.95 crore. Cost of materials consumed stood at INR 110.69 crore, while purchases of stock-in-trade amounted to INR 8.88 crore, and changes in inventories of finished goods, work-in-progress, and stock-in-trade showed a positive inventory adjustment of INR 1.80 crore.
Employee benefit expenses for the consolidated entity were reported at INR 21.26 crore for the quarter, reflecting a substantial sequential normalization compared to the higher employee costs recorded in the quarter ended March 31, 2026. Other expenses stood at INR 44.73 crore.
Finance costs for the June 2026 quarter were recorded at INR 6.99 crore, while depreciation and amortisation expenses stood at INR 6.20 crore. Tax expenses for the period totalled INR 2.06 crore, comprising current tax of INR 2.16 crore offset by a minor deferred tax credit of INR 0.10 crore.
The company's statutory auditors, R. Subramanian and Company LLP, conducted a limited review of the consolidated financial results. The review noted that the interim financial results of wholly owned subsidiary UCAL Polymer Industries Limited, which reflect total assets of INR 77.37 crore and total income of INR 15.80 crore for the quarter, were reviewed by management rather than the statutory auditors.
Profit after tax was ₹5.84 Cr for the reported quarter. EPS was ₹2.64 for the reported quarter.
01 · Business model
What does UCAL do?
UCAL Limited (formerly known as UCAL Fuel Systems Limited) operates as a specialized manufacturer of automotive components, supplying precision engineered parts primarily to the automotive sector. The company's core manufacturing footprint includes fuel system components and allied assemblies that cater to diverse vehicle segments.
The company's operational model revolves around high-precision metal machining, assembly, and testing facilities designed to meet stringent OEM specifications. Its manufacturing facilities are complemented by a structured network of raw material sourcing and rigorous quality control systems under automotive standards like IATF 16949.
Geographically, UCAL serves domestic and international original equipment manufacturers through its registered facilities based in Ambattur, Chennai, alongside subsidiary operations in India and the United States via entities such as UCAL Polymer Industries Limited and UPIL USA, Inc.
02 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹203.15 Cr |
| Total income | ₹204.85 Cr |
| Profit before tax | ₹7.90 Cr |
| Profit after tax | ₹5.84 Cr |
| EPS | ₹2.64 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 2.9% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 3.9% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹1.70 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Reported consolidated revenue from operations of INR 203.15 crore for Q1 FY27, driven by core automotive component off-take across primary customer channels.
Generated INR 1.70 crore in other income during the quarter, contributing to total consolidated income of INR 204.85 crore.
What drove margins
Cost of materials consumed was contained at INR 110.69 crore, complemented by an inventory accretion of INR 1.80 crore in finished goods and work-in-progress.
Employee benefit expenses moderated to INR 21.26 crore, easing pressure on operating margins compared to elevated staffing and benefit outlays in the preceding quarter.
Other operational expenses were recorded at INR 44.73 crore, reflecting sequential cost rationalisation across manufacturing and administrative overheads.
04 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates strictly within a single primary business segment, Automotive Components, and reports its financial results on a single-segment basis in compliance with Ind AS 108.
05 · Reported developments
What changed operationally
Successfully transitioned back to net profitability with a consolidated net profit after tax of INR 5.84 crore and basic EPS of INR 2.64 for Q1 FY27.
06 · Items worth noticing
The line items that can distort a quick read
Unlike preceding quarters which absorbed significant exceptional items such as fair valuation changes and dilution losses, Q1 FY27 reported no exceptional items.
07 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
Incurred consolidated finance costs of INR 6.99 crore for the quarter ended June 30, 2026, reflecting ongoing servicing obligations on borrowings.
08 · Beyond the numbers
What changed beyond the numbers
Reported update
Subsidiary Financial Review Scope
The consolidated results incorporate the unreviewed financial results of wholly owned subsidiary UCAL Polymer Industries Limited, which reported total assets of INR 77.37 crore, total income of INR 15.80 crore, and a net loss after tax of INR 0.05 crore for the quarter.
09 · Previous-quarter changes
What changed since the previous quarter
Demonstrated lower total expenses of INR 196.95 crore in Q1 FY27 compared to INR 231.05 crore in Q4 FY26, primarily driven by normalization in employee benefit expenses and other overheads.
10 · Key Q&A
The quarter, answered directly
What does UCAL do?
UCAL Limited (formerly known as UCAL Fuel Systems Limited) operates as a specialized manufacturer of automotive components, supplying precision engineered parts primarily to the automotive sector. The company's core manufacturing footprint includes fuel system components and allied assemblies that cater to diverse vehicle segments.
What is the clearest takeaway from Q1 FY27?
During the first quarter of fiscal year 2027, ended June 30, 2026, UCAL Limited reported consolidated revenue from operations of INR 203.15 crore, accompanied by total consolidated income of INR 204.85 crore. The company returned to positive profitability during the quarter following losses in preceding periods, posting a profit before tax of INR 7.90 crore and a consolidated net profit after tax of INR 5.84 crore.
What drove revenue or demand?
Reported consolidated revenue from operations of INR 203.15 crore for Q1 FY27, driven by core automotive component off-take across primary customer channels.
What mattered most for margins or profitability?
Cost of materials consumed was contained at INR 110.69 crore, complemented by an inventory accretion of INR 1.80 crore in finished goods and work-in-progress.
What changed operationally beyond the headline numbers?
The consolidated results incorporate the unreviewed financial results of wholly owned subsidiary UCAL Polymer Industries Limited, which reported total assets of INR 77.37 crore, total income of INR 15.80 crore, and a net loss after tax of INR 0.05 crore for the quarter.
What should the next disclosure help confirm?
Monitor future quarters for sustained operating margin expansion and consistency in net profit delivery following the Q1 FY27 turnaround.
11 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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12 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Sustained Profitability and Margin Stability: Monitor future quarters for sustained operating margin expansion and consistency in net profit delivery following the Q1 FY27 turnaround.
- 02
Subsidiary Performance Tracking: Track the operational and financial contribution of wholly owned subsidiary UCAL Polymer Industries Limited and step-down subsidiary UPIL USA, Inc.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.