Universal Autofoundry Approves 8 MW Solar Plant

Universal Autofoundry Limited's board approved installation of up to 8 MW solar power plant for captive consumption and restructuring of banking arrangements during January 20, 2026 meeting.

Universal Autofoundry Reports 10% Revenue Growth to Rs 549 Million in Q2FY26

Universal Autofoundry Limited reported revenue growth of 10% year-on-year to Rs 549 million for Q2FY26, driven by 19% volume growth during the quarter. The tractor segment showed strong performance during peak season, while earthmoving equipment volumes remained soft. EBITDA declined 17% year-on-year to Rs 41 million but improved 16% sequentially, with margins stable at 7.4%. The primary reason for EBITDA decline was higher raw material costs. Export business grew robustly by 24% year-on-year. The company's new ferrous line (HPML Line) is operational with production capacity of 12,000 MT/year. A 5MW solar power plant was commissioned in July 2025, expected to reduce power and fuel costs from Q3. The company announced a seven-year strategic collaboration with Kranti Industries for integrated casting and machining operations, effective January 1, 2026. Current capacity utilization stands at 50% with expectations to improve as unit 3 ramps up production.