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Informist, Friday, Oct. 17, 2025

 

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--Polycab India Jul-Sept consol net profit INR 6.85 bln 
--Analysts saw Polycab India Jul-Sept consol net profit at INR 6.22 bln 
--Analysts saw Polycab India Jul-Sept consol revenue at INR 65.17 bln 
--Polycab India Jul-Sept consol revenue INR 64.77 bln 
--Polycab India Jul-Sept consol PAT INR 6.85 bln vs INR 4.40 bln year ago 
--Polycab India Jul-Sept consol revenue INR 64.77 bln vs INR 54.98 bln yr ago 
--Polycab India Apr-Sept consol PAT INR 12.78 bln vs INR 8.36 bln year ago 
--Polycab India Apr-Sept consol revenue INR 123.83 bln vs INR 101.96 bln yr ago 
--Polycab India Jul-Sept wire, cable revenue INR 56.91 bln vs INR 47.72 bln 
--Polycab Q2 fast-moving electric goods sales INR 4.52 bln vs INR 3.98 bln 
--Polycab India Jul-Sept EPC business revenue INR 4.02 bln vs INR 4.97 bln 
--Polycab India appoints Niyant Maru as CFO for 9 months from Oct 28 
--Polycab India Jul-Sept consol EBITDA INR 10.21 bln, up 62% on year 
--Polycab India Jul-Sept wires, cables EBIT margin 15.1% vs 12.4% year ago 
--Polycab: Saw sustained demand for wires, cables Q2 from govt, pvt sectors 
--Polycab: Fan sales hit in Q2 due to longer monsoon, high channel inventory 
--Polycab: Electric goods ex-fans saw sustained demand from real estate cos 
--Polycab Q2 fast-moving electric goods EBIT margin 0.5% vs (-)6.5% yr ago 
--Polycab:Electric good ops profitable in Q2 despite QoQ rise in advt spends

 

By P. Madhu Kumar

 

MUMBAI – Polycab India Ltd. reported a mid-double-digit rise in consolidated net profit for the September quarter, beating analysts' estimates by a slight margin. However, its top line grew the slowest in seven quarters year-on-year and failed to meet analysts' expectations. The company's September quarter bottom line rose the most in eight quarters on a year-on-year basis.

 

The company said growth was driven by strong performance in its wires and cables segment and the fast-moving electrical goods segment, which was partially offset by decline in the engineering, procurement, and construction business.

 

The company reported a jump of nearly 56% on-year in its consolidated net profit for the September quarter to INR 6.85 billion, a 16% rise on quarter. Its revenue from operations grew nearly 18% on year to INR 64.77 billion for the reporting quarter, a near 10% rise quarter-on-quarter. Polycab's consolidated earnings before interest, tax, amortisation, and depreciation rose a whopping 62% on year to INR 10.21 billion in the September quarter.

 

The revenue of the wires and cables segment, the company's biggest contributor to sales, grew over 19% on year to INR 56.91 billion for the reporting quarter. However, revenue from the engineering, procurement, and construction business fell to INR 4.02 billion from INR 4.97 billion a year ago.

 

For the six months ended September, the company reported a consolidated net profit of INR 12.78 billion, up from INR 8.36 billion a year ago. Its revenue from operations for the first half of the year rose sharply to INR 123.83 billion from INR 101.96 billion.

 

The company said its wires and cables segment's earnings before interest and tax grew 15.1% in the September quarter from 12.4% a year ago. Growth in the segment was aided by sustained demand across the government and private sector. A rise in commodity prices provided an additional boost towards the end of Jul-Sept.

 

The company's revenue from fast-moving electrical goods grew slightly in the September quarter to INR 4.52 billion from INR 3.98 billion a year ago. "The fans category continued to face headwinds due to the prolonged monsoon season and elevated channel inventory at the beginning of the quarter," the company said in its investor presentation. It also said the fast-moving electrical goods category, excluding fans, saw sustained demand from the real-estate sector. Earnings before interest and tax margin for fast-moving electrical goods was 0.5%, from (-)6.5% a year ago. The fast-moving electrical goods segment continued to remain profitable despite higher advertising and promotional expenses, the company said.

 

Polycab India also announced the appointment of Niyant Maru as chief financial officer for a period of nine months, effective Oct. 28. This comes after the resignation of Gandharv Tongia from the position. Friday, Polycab India shares closed near 2% lower at INR 7,439.50 on the National Stock Exchange. The company detailed its September quarter earnings during market hours.  End

 

Edited by Rajeev Pai

 

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