| Final Ranking | pts | w | d | l | gf | ga | | 1. Atletas Kaunas | LTU | 14 | 7 | 0 | 1 | 169: | 131 | | 2. ZAS Zaporozhye | UKR | 13 | 6 | 1 | 1 | 143: | 126 | | 3. Burevestnik Tbilisi | GEO | 11 | 5 | 1 | 2 | 147: | 131 | | 4. Trud Moskva | RUS | 9 | 4 | 1 | 3 | 147: | 122 | | 5. MAI Moskva | RUS | 9 | 4 | 1 | 3 | 126: | 109 | | 6. Dinamo Baku | AZE | 7 | 3 | 1 | 4 | 114: | 119 | | 7. Burevestnik Krasnodar | RUS | 7 | 3 | 1 | 4 | 143: | 130 | | 8. Burevestnik Tashkent | UZB | 2 | 1 | 0 | 8 | 150: | 210 | | 9. Trud Leningrad | RUS | 2 | 1 | 0 | 8 | 115: | 176 | | -. GSVG | --- | 12 | 6 | 0 | 3 | 188: | 166 |
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| No European Champions Cup due to preparation for World Championship World Men 1964. | | GVSG played unofficial matches. |
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| Team | Atle | ZASZ | BuTb | TrMo | MAIM | DiBa | BuKr | BuTa | TrLe | GSVG | | Atletas Kaunas | ----- | | 28:19 | 17:13 | 22:13 | 17:9 | 18:16 | 29:21 | 21:17 | | | ZAS Zaporozhye | 22:17 | ----- | 16:16 | 20:18 | 10:9 | 18:16 | | 15:14 | 28:17 | 21:19 | | Burevestnik Tbilisi | | | ----- | 18:16 | 11:9 | | 18:15 | 35:17 | 19:17 | 22:16 | | Trud Moskva | | | | ----- | 13:12 | 9:9 | 25:16 | 31:21 | 22:9 | 19:13 | | MAI Moskva | | | | | ----- | 18:11 | 15:12 | 28:15 | 22:15 | | | Dinamo Baku | | | 13:11 | | | ----- | 19:16 | 21:14 | | | | Burevestnik Krasnodar | | 19:14 | | | | | ----- | 30:18 | 19:3 | | | Burevestnik Tashkent | | | | | | | | ----- | 30:21 | | | Trud Leningrad | | | | | | 16:15 | | | ----- | | | GSVG | 28:25 | | | | 22:16 | 24:20 | 23:22 | 27:8 | 16:13 | ----- |
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| Round 1 - 17-21.04 played in Kaunas (LTU) and Tbilisi (GEO) | | Round 2 - 21-25.08 played in Sverdlovsk (RUS) |
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| | | First 2 from each Group (exept Burevestnik Minsk-BLR) progressed to Final Group. | | Played from 09-11.03.1962. |
| Group A | pts | w | d | l | gf | ga | | 1. Trud Moskva | RUS | 6 | 3 | 0 | 0 | 49: | 19 | | 2. Burevestnik Tashkent | UZB | 4 | 2 | 0 | 1 | 72: | 70 | | 3. Komanda Dushanbe | TJK | 2 | 1 | 0 | 2 | 69: | 86 | | 4. Burevestnik Alma-Ata | KAZ | 0 | 0 | 0 | 3 | 62: | 105 |
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| Team | Trud | BuTa | Dush | BuAA | | Trud Moskva | ----- | 31:21 | 38:21 | 49:18 | | Burevestnik Tashkent | | ----- | 25:18 | 26:21 | | Komanda Dushanbe | | | ----- | 30:23 | | Burevestnik Alma Ata | | | | ----- |
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| played in Dushanbe (TJK). |
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| Group B | pts | w | d | l | gf | ga | | 1. Burevestnik Krasnodar | GEO | 6 | 3 | 0 | 0 | 53: | 34 | | 2. Trud Leninrad | RUS | 4 | 2 | 0 | 1 | 43: | 43 | | 3. Komanda Tiraspolia | MDV | 2 | 1 | 0 | 2 | 50: | 45 | | 4. Kalev Tallinn | EST | 0 | 0 | 0 | 3 | 46: | 70 |
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| Team | BuKr | TrLe | Tira | Kale | | Burevestnik Krasnodar | ----- | 19:3 | 15:13 | 19:18 | | Trud Leningrad | | ----- | 16:10 | 24:14 | | Komanda Tiraspolia | | | ----- | 27:14 | | Kalev Tallinn | | | | ----- |
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| Group C | pts | w | d | l | gf | ga | | 1. ZAS Zaporozhye | UKR | 6 | 3 | 0 | 0 | 60: | 41 | | 2. MAI Moskva | RUS | 3 | 1 | 1 | 1 | 33: | 30 | | 3. Vimpel Mosk. oblast | RUS | 2 | 1 | 0 | 2 | 48: | 62 | | 4. Politehnik Riga | LAT | 1 | 0 | 1 | 2 | 47: | 55 |
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| Team | ZASZ | MAIM | Vimp | PoRi | | ZAS Zaporozhye | ----- | 10:9 | 28:17 | 22:15 | | MAI Moskva | | ----- | 13:9 | 11:11 | | Vimpel Mosk. oblast | | | ----- | 22:21 | | Politehnik Riga | | | | ----- |
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| Group D | pts | w | d | l | gf | ga | | 1. Atletas Kaunas | LTU | 4 | 2 | 0 | 0 | 66: | 34 | | 2. Burevestnik Minsk | BLR | 2 | 1 | 0 | 1 | 58: | 37 | | 3. Burevestnik Frunze | KGZ | 0 | 0 | 0 | 2 | 28: | 84 |
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| Team | Atle | BuMi | BuFr | | Atletas Kaunas | ----- | 28:19 | 23:12 | | Burevestnik Minsk | | ----- | 25:16 | | Burevestnik Frunze | | | ----- |
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| Group E | pts | w | d | l | gf | ga | | 1. Dinamo Baku | AZE | 4 | 2 | 0 | 0 | 41: | 21 | | 2. Burevestnik Tbilisi | GEO | 2 | 1 | 0 | 1 | 45: | 22 | | 3. Spartak Yerevan | ARM | 0 | 0 | 0 | 2 | 19: | 62 |
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| Team | DiBa | BuTb | SpYe | | Dinamo Baku | ----- | 13:11 | 28:10 | | Burevestnik Tbilisi | | ----- | 34:9 | | Spartak Yerevan | | | ----- |
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