More Stories

Informist, Friday, Oct. 17, 2025

--Polycab India: Q2 capex INR 3.3 bln, to spend INR 12 bln-INR 16 bln/yr 

--CONTEXT: Polycab India mgmt's comments in post-earnings call with analysts 

--Polycab India: Demand robust, expect it to continue on healthy order flow 

--Polycab India: See strong demand in Oct-Mar for wires, cables 

--Polycab India: Did not see any pre-stocking in exports owing to US tariffs

By Sunil Raghu and J. Navya Sruthi

AHMEDABAD/MUMBAI – Polycab India Ltd. sees robust demand for its wires and cables segment to continue for the second half of 2025-26 (Apr-Mar), based on healthy order flow. 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 in the September quarter.

Regionally, the growth was led by markets in north India, followed by the west, then south and finally the east, Polycab management told analysts after announcing the September quarter earnings. The management identified the continued infrastructure spending by the government and the recent cut in goods and services tax rate as key drivers for growth in the domestic markets going forward. They were also positive about the company's global business.

"Our international business continues its steady growth trajectory, recording a 25% year-on-year increase during the quarter and contributing 6.5% to consolidated revenue. With a heavy order book in place, we expect this growth momentum to continue," the management said.

Polycab India reported a consolidated net profit of INR 6.85 billion, up nearly 56% on year, the fastest rise in eight quarters. The net profit was higher than the analysts' estimate of INR 6.22 billion. The company reported a 53% increase in net profit in Apr-Sept at INR 12.78 billion. Its revenue from operations grew nearly 18% on year to INR 64.77 billion in the September quarter.

The management said the company will continue with its pre-announced capital expenditure of INR 12 billion-INR 16 billion per year till 2029-30 (Apr-Mar). A significant portion of this capital expenditure will go towards expanding its wires and cables business. In the September quarter, the company's capital expenditure was at INR 3.3 billion, compared with INR 4.1 billion in the June quarter.

Friday, shares of Polycab ended at INR 7,439.50 on the National Stock Exchange, down 1.8% from the previous close. The company announced its results during market hours.  End

Edited by Saji George Titus

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.