Polycab India Limited has informed the Exchange about Earnings Presentation
POLYCAB · price
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Awaiting price reaction for this filing.
Polycab reported a strong start to FY26 with consolidated revenue of ₹59,060 Mn, up 26% year-on-year though down 15% sequentially. EBITDA grew 47% YoY to ₹8,576 Mn, with margins expanding around 210 basis points to 14.5%, helped by better pricing, operating efficiency and a favourable mix. Profit after tax rose 49% YoY to ₹5,997 Mn, lifting PAT margin to 10.2%. The Wires & Cables segment, the core business, grew 31% YoY with margins up nearly 190 bps to 14.7%, while FMEG posted 18% revenue growth and recorded a second straight profitable quarter. The EPC segment, however, saw revenues fall 19% YoY and EBIT margin slip to 7.7%. Net cash position strengthened to ₹31,160 Mn and annualised ROCE stood at 32.1%.
The margin expansion across core segments signals improving profitability despite a sequential dip from a strong Q4 base. The healthy cash pile and strong ROCE should support investor confidence, while the weak EPC print is the only visible concern.