Earnings Review
Polycab Q3 sales beat Street; highest growth in 18 qtrs
This story was originally published at 16:15 IST on 16 January 2026
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--Polycab India Oct-Dec consol net profit INR 6.22 bln
--Analysts saw Polycab India Oct-Dec consol net profit at INR 6.44 bln
--Polycab India Oct-Dec consol revenue INR 76.36 bln
--Analysts saw Polycab India Oct-Dec consol revenue at INR 66.63 bln
--Polycab India Oct-Dec consol PAT INR 6.22 bln vs INR 4.58 bln year ago
--Polycab India Oct-Dec consol revenue INR 76.36 bln vs INR 52.26 bln yr ago
--Polycab India appoints Nikhil Jaisinghani, Bharat Jaisinghani as joint MDs
--Polycab India Apr-Dec consol PAT INR 18.99 bln vs INR 12.93 bln year ago
--Polycab India Apr-Dec consol revenue INR 200.2 bln vs INR 154.2 bln yr ago
--Polycab India Oct-Dec wire, cable revenue INR 68.53 bln vs INR 44.50 bln
--Polycab Q3 fast-moving electrical goods sales INR 5.0 bln vs INR 4.23 bln
--Polycab India Oct-Dec EPC business revenue INR 4.07 bln vs INR 3.92 bln
By Ashutosh Pati
MUMBAI – Polycab India Ltd. reported a robust performance in the December quarter, with sharp increase in both the bottom line and the top line on a yearly basis, driven by firm demand for cables and wires in the domestic market. However, the company's bottom line missed Street estimates while its top line was significantly higher than expectations. Polycab reported the highest on-year growth in its revenue in 18 quarters.
The electrical equipment manufacturer reported consolidated net profit of INR 6.22 billion in the December quarter, up around 36% on year but down over 9% sequentially. Analysts had expected the company to post net profit of INR 6.44 billion. Its revenue from operations rose over 46% on year and around 18% sequentially to INR 76.36 billion in the latest quarter, sharply higher than Street estimates of INR 66.63 billion.
The revenue of the wires and cables segment, the company's biggest contributor to sales, rose 54% on year to INR 68.53 billion for the reporting quarter. Polycab's revenue from its fast-moving electrical goods segment rose to INR 5 billion in the December quarter from INR 4.23 billion in the year-ago quarter, an increase of over 18%. The revenue of the engineering, procurement, and construction business rose around 4% on year to INR 4.07 billion in the reporting quarter.
For the nine months ended December, the company reported a consolidated net profit of INR 18.99 billion, up from INR 12.93 billion in the year-ago period. Its revenue from operations rose to INR 200.20 billion in Apr-Dec from INR 154.20 billion a year ago.
Polycab appointed Nikhil Jaisinghani and Bharat Jaisinghani as the joint managing directors, with immediate effect. Friday, Polycab India shares closed 2.8% lower at INR 7,121.50 on the National Stock Exchange. The company detailed its December quarter earnings during market hours. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Akul Nishant Akhoury
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