Polycab India Limited has informed the Exchange about Transcript
POLYCAB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Polycab reported record FY25 results with revenue crossing ₹220 billion (up 24% YoY), EBITDA at 13.2% margin (up 19%), and PAT crossing ₹20 billion (up 13%). Q4 FY25 was particularly strong with revenue up 25% YoY, EBITDA up 35% YoY at 14.7% margin (110 bps expansion), and quarterly PAT of ₹7.3 billion (up 33%). The Wires & Cables segment grew 22% YoY domestically at 27%, with domestic market share rising to 26-27%. The FMEG business grew 33% YoY and turned profitable after 10 quarters of investments. EPC business grew 47% YoY with a ₹70 billion order book, including a new ₹30 billion BSNL BharatNet contract. The company remains net cash positive at ₹24.6 billion, proposed a ₹35/share dividend, and reiterated its Project Spring roadmap targeting ₹60-80 billion capex over 5 years, FMEG EBITDA margins of 8-10% by FY30, and exports at 10% of revenue.
Strong all-round performance with margin expansion and record profits reinforces Polycab's leadership in the electrical industry. The multi-year Project Spring targets, large EPC order book, and net cash position suggest sustained growth visibility, though near-term margins could face pressure from rising capex, R&D, and brand investments.