Polycab’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased by 47.1% to ₹858 crore, well above the 31% growth projection in the CNBC-TV18 poll to ₹762 crore.
EBITDA margins for the quarter expanded by over 200 basis points from the year-ago period to 14.5%. A CNBC-TV18 poll had pegged the figure at 13.5%.Net profit for the quarter increased by 50% from the year-ago quarter to ₹600 crore, comfortably surpassing the CNBC-TV18 poll estimate of ₹518 crore.
The company’s wires and cables business reported revenue of ₹5,228 crore from ₹3,995 crore last year. The FMEG business increased to ₹454 crore from ₹385 crore during the year-ago quarter. EPC business revenue stood at ₹347 crore from ₹427 crore last year.Polycab’s EPC business, which earlier featured in the ‘other’ category, will now be reported separately, after it met the qualitative threshold for separate disclosure.
The Wire and Cables segment has also been boosted by the inclusion of Dwells Cable Accessories Pvt. Ltd. and Tirupati Reels Pvt. Ltd. into the business, which were also reported under the “others” segment earlier.
“The FMEG segment maintained its positive trajectory, marking its second consecutive profitable quarter, supported by a sharper focus on premium offerings and improved operating leverage,” Inder Jaisinghani, Chairman and Managing Director of Polycab said in a statement.
Shares of Polycab India are trading 1% lower after the earnings announcement at ₹6,826. The stock had risen 14% in the last one month ahead of the results announcement.
(Analysis shared by upasana bhatt).
First Published: Jul 17, 2025 12:48 PM IS
