Ucal Ltd Share Price – NSE  /  BSE

Auto Ancillaries, Small Cap

Net loss of Ucal reported to Rs 1.49 crore in the quarter ended September 2023 as against net profit of Rs 7.43 crore during the previous quarter ended September 2022. Sales declined 28.75% to Rs 174.48 crore in the quarter ended September 2023 as against Rs 244.87 crore during the previous quarter ended September 2022.

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Ucal will hold a meeting of the Board of Directors of the Company on 8 November 2023.

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UCAL recognizing the immense potential in the field of Automotive Electronics leading towards sustainable transportation, it is progressing well towards product development for electronic products tailored to the evolving automotive landscape.

Abhaya Shankar, CEO, said, “UCAL is committed to playing a pivotal role in the Automotive Electronics space by venturing into the fast-blooming Automotive Electronics sector. With the capabilities of our state-of-art R&D facilities we believe that we are better poised to develop automotive electronic products with zero tolerance on quality and sustainability which underlines our dedication to staying at the forefront of technological advancements.”

Girinarayanan V, head - electronics engineering, said, “We envision a landscape where cutting-edge electronics seamlessly integrate with vehicles, enabling a new level of performance, efficiency and sustainability. Our diverse range of electronic products will cater to the evolving needs of electric vehicles, ensuring they meet the highest standards of quality, reliability, and innovation.”

Ucal has an established presence in the automobile space and its market leadership and industry experience bestow a resilient strength and the agility to adapt and reinvent to a dynamically changing business environment. The company's state-of-the art manufacturing Plants, and its world class R&D Centres, caters to the wide array of automotive components of close tolerances for critical applications in the two-wheeler and four-wheeler industry.

The company reported net loss of Rs 4.85 crore during the quarter as compared with Rs 0.23 crore posted in corresponding quarter last year. Net sales fell 4.6% year on year to Rs 184.31 crore in Q1 FY24.

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Ucal announced that the Annual General Meeting (AGM) of the company will be held on 29 September 2023.

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