Polycab India Limited has informed the Exchange about Corporate Presentation on the unaudited Financial Results for the quarter ended 30 June 2025
POLYCAB · price
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Awaiting price reaction for this filing.
Polycab India filed a corporate presentation covering its Q1FY26 (quarter ended 30 June 2025) results. Revenue rose 26% YoY to ₹59,060 Mn, EBITDA grew 47% YoY to ₹8,576 Mn, and PAT jumped 49% YoY to ₹5,997 Mn, with EBITDA margin expanding to 14.5% (from 12.4% in Q1FY25). On a sequential basis, revenue declined 15% QoQ reflecting normal seasonality. The company unveiled 'Project Spring', a 5-year transformation plan with targets including 1.5x market growth in Wires & Cables (W&C) and 1.5-2x in FMEG, W&C EBITDA margin guidance of 11-13%, FMEG EBITDA of 8-10%, ₹60-80 Bn cumulative capex, >30% dividend payout, and >10% exports contribution. Polycab remains net cash positive at ₹31,160 Mn with negligible debt and a strong 32.1% annualised ROCE.
Strong YoY growth and margin expansion in Q1FY26 should support the stock, while the new 5-year plan with defined targets provides visibility on growth, capex intensity, and shareholder returns. Net cash position and high ROCE give Polycab capacity to fund expansion and reward shareholders through dividends.