Corporate Presentation for the Audited Financial Results for the quarter and year ended 31 March 2026
POLYCAB · price
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Polycab India reported strong FY26 results with revenue of ₹288.8 billion (up 29% YoY), EBITDA of ₹40.1 billion (up 35% YoY, margin 13.9%), and PAT of ₹27.1 billion (up 32% YoY, margin 9.4%). Q4FY26 showed revenue of ₹88.6 billion, EBITDA of ₹11.6 billion (13.1% margin), and PAT of ₹7.9 billion. The company is the #1 wires and cables manufacturer in India with 30-31% share of the organized market. Wires & Cables segment contributes 87% of sales, FMEG 7%, and EPC 6%. Project Spring (5-year transformation initiative) targets 1.5x-2x market growth in both W&C and FMEG businesses, with W&C EBITDA guidance of 11-13% and FMEG EBITDA of 8-10%. The company maintains a net cash position of ₹41.9 billion with near-zero debt (Debt/Equity 0.01x) and achieved Project LEAP targets ahead of schedule.
The company delivered robust double-digit revenue and profit growth with improving margins, supported by market leadership, strong distribution network (3,900+ dealers, 1,90,000+ retail outlets), and execution of its Project Spring strategy. The near-debt-free balance sheet and >30% dividend payout are positive for shareholders.