POLYCABNSEPolycab India LimitedMediumNeutral
Announced Tue, 6 May · 12:54 IST

Polycab India Limited has informed the Exchange about General Updates

Mgmt Guided Margin ImprovementOrder Pipeline DisclosedInvestor Communications View source PDF

POLYCAB · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Polycab India reported strong Q4 FY25 results with revenue of ₹69,858 Mn, up 25% YoY, and full-year FY25 revenue crossing ₹224 Bn (24% YoY growth) — surpassing its 'Project Leap' FY26 target of ₹200 Bn a year ahead of schedule. EBITDA grew 35% YoY in Q4 with margins expanding ~110 bps to 14.7%, driven by a profitable turnaround in the FMEG business (which achieved break-even after 10 quarters of investments) and stronger EPC margins off a low base. PAT crossed ₹7 Bn for the first time in a quarter, with full-year PAT hitting a record ₹20,455 Mn (up 13% YoY). The Wires & Cables segment grew 22% YoY with margins at 15.1%, while EPC revenue jumped 47% YoY on RDSS order execution. The company announced a ₹35/share dividend (up from ₹30) and improved its net cash position to ₹24.6 Bn.

Likely market impact

Strong margin expansion, early achievement of the FY26 revenue target, and FMEG turning profitable are positive signals for the stock. A higher dividend payout and net cash position of ₹24.6 Bn underscore financial strength, likely to support investor confidence and positive sentiment heading into FY26.