Polycab expects to spend INR 60 bln-INR 80 bln on capex in next 5 years
This story was originally published at 18:26 IST on 16 January 2026
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MUMBAI – Polycab India Ltd.'s capital expenditure is expected to be in the range of INR 60 billion-INR 80 billion for the next five years and its dividend payout ratio will be more than 30%, the company said in its investestor presentation alongside declaring its December quarter earnings. During the September quarter earnings, the company had guided for an INR-12-billion to INR-16-billion capex per annum.
The fast moving electrical goods segment's growth over the next five years is likely to be 1.5-2.0 times market growth in the sector. The earnings before interest, taxes, depreciation, and amortization margin for the fast moving electrical goods segment is seen in the range of 8-10% during the same period, the company said. For the company's biggest business, the wires and cables segment, the EBITDA margin of 11-13% is expected for the upcoming five years. The company sees 1.5 times market growth in its core segments during the quinquennium and it expects more than 10% contribution to come from exports in the segment
Polycab reported consolidated net profit of INR 6.22 billion for 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, sharply higher than Street estimates of INR 66.63 billion. Friday, shares of the company closed nearly 3% lower at INR 7,121.50 on the National Stock Exchange. End
Reported by P. Madhu Kumar
Edited by Akul Nishant Akhoury
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