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Informist, Thursday, Jul. 16, 2026

 

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--Polycab India Apr-Jun consol net profit INR 7.84 bln
--Analysts saw Polycab India Apr-Jun consol net profit INR 7.05 bln
--Polycab India Apr-Jun consol revenue INR 82.10 bln
--Analysts saw Polycab India Apr-Jun consol revenue INR 78.17 bln
--Polycab India Apr-Jun consol PAT INR 7.84 bln vs INR 5.92 bln year ago
--Polycab India Apr-Jun consol revenue INR 82.10 bln vs INR 59.06 bln yr ago
--Polycab Q1 wires, cables revenue INR 72.02 bln vs INR 52.29 bln yr ago
--Polycab Q1 fast-moving electrical goods sales INR 7.61 bln vs INR 4.54 bln
--Polycab India Q1 EPC business revenue INR 3.08 bln vs INR 3.47 bln yr ago
--Polycab India Apr-Jun consol EBITDA INR 11.36 bln, up 32% on year
--Polycab India: Wire segment outperformed cables in Apr-Jun 
--Polycab India CMD: Wire, cable business saw healty domestic demand in Q1 
--Polycab CMD: Seeing growing preference for premium electrical goods pdts 
--Polycab India Apr-Jun consol EBITDA margin 13.8% vs 14.5% year ago 
--Polycab India Apr-Jun wires, cables EBIT margin 13.3% vs 14.7% year ago 
--Polycab Q1 fast-moving electrical goods EBIT margin 8% vs 2.1% yr ago 
--Polycab India: Wires, cables international business down 13% on year in Q1 

 

By Ashutosh Pati

 

MUMBAI – Polycab India Thursday reported sharp growth in both its bottom line and top line for the June quarter on a yearly basis, led by healthy demand in the cables and wires and fast-moving electrical goods segments. The company's revenue for the quarter was well above the Street's expectation and net profit was slightly higher. The company posted growth in net profit for the eighth consecutive quarter.

 

The electrical equipment manufacturer reported a consolidated net profit of INR 7.84 billion for the June quarter, up over 32% on year. Analysts had expected the company to post a net profit of INR 7.05 billion. Its revenue from operations rose 39% on year to INR 82.10 billion in the latest quarter, sharply higher than Street's estimate of INR 78.17 billion.

 

The company's total expenses rose nearly 40% on year to INR 72.56 billion due to higher total material costs. Polycab's total material cost rose around 45% on year to INR 62.52 billion. Cost of materials consumed rose nearly 56% to INR 65.12 billion. The company's other expenses rose around 7% on year to INR 4.24 billion. 

 

Polycab's consolidated earnings before interest, tax, depreciation, and amortisation rose 32% on year to INR 11.36 billion. Its EBITDA margin fell to 13.8% from 14.5% a year ago.

 

SEGMENTS

Revenue from the wires and cables segment, the company's biggest contributor to sales, rose nearly 38% on year to INR 72.02 billion for the quarter. Polycab's revenue from its fast-moving electrical goods segment rose around 68% to INR 7.61 billion from INR 4.54 billion in the year-ago quarter. However, revenue from the engineering, procurement, and construction business fell over 11% on year to INR 3.08 billion in the June quarter.

 

Demand for wires outpaced the demand for cables during the June quarter, the company said. In the fast-moving electrical goods segment, solar products continued to be the standout performer, registering growth of over two times on year and retaining its position as the largest growth driver for the segment.  

 

"The wires and cables segment maintained its robust growth trajectory, supported by healthy domestic demand and effective operational execution," Chairman and Managing Director Inder T. Jaisinghani said in a release. "Our FMEG (fast-moving electrical goods) business delivered an outstanding quarter, continuing to strengthen its profitability through a strong product portfolio, enhanced operational efficiencies and a growing shift towards premium products," Jaisinghani said. He added that sustained government infrastructure investments and improving on-ground project implementation are expected to create significant growth opportunities for the company.

 

 

The company continues to maintain a healthy order book in the engineering, procurement, and construction business. However, revenue from Polycab's international wires and cables business fell 13% on year. The EBIT margin of the wires and cables segment moderated to 13.3% in the June quarter from 14.7% in the year-ago quarter. Its EBIT margin for the fast-moving electrical goods segment improved to 8.0% from 2.1% a year ago and the margin for the engineering, procurement, and construction business rose to 11% from 7.7% a year ago. Sequentially, the EBIT margin of the top segment improved by 20 basis points due to a better product mix and offset the impact of lower contribution from overseas markets.

At 1455 IST, shares of the company traded 1.6% lower at INR 9,174.50 on the National Stock Exchange.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

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