POLYCABNSEPolycab India LimitedMediumNeutral
Announced Wed, 6 May · 14:48 IST

Polycab India Limited has informed the Exchange about corporate presentation on Audited (Standalone and Consolidated) Financial Results of the Company for the quarter and year ended March 31, 2026

Mgmt Guided Margin ImprovementInvestor Communications View source PDF

POLYCAB · price

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AI summary

Polycab India reported strong FY26 results with revenue of ₹288.8 billion (up 29% YoY), EBITDA of ₹40.1 billion (up 35% YoY) with 13.9% margin, and PAT of ₹27.1 billion (up 32% YoY) with 9.4% margin. Q4FY26 showed revenue of ₹88.6 billion (up 27% YoY), EBITDA of ₹11.6 billion (margin 13.1%), and PAT of ₹7.9 billion (margin 8.9%). The company is the market leader in Wires & Cables with 30-31% share of the organized market, contributing 87% of sales, while FMEG (7%) and EPC (6%) make up the rest. Project LEAP targets were achieved ahead of schedule, and the new 5-year transformation plan 'Project Spring' has been launched with guidance of 1.5x-2x market growth in core segments and annual capex of ₹12-16 billion.

Likely market impact

Polycab delivered robust double-digit growth across all metrics with strong cash generation (net cash position ₹41.9 billion). The completed Project LEAP and newly launched Project Spring indicate continued focus on profitable growth and market expansion, which is positive for shareholders.