POLYCABNSEPolycab India LimitedMinimalNeutral
Announced Wed, 6 May · 14:42 IST

Polycab India Limited has informed the Exchange regarding a press release dated May 06, 2026, titled "Press release on the Audited (Standalone and Consolidated) Financial Results of the Company for the quarter and year ended March 31, 2026

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Price reaction · full curve 14 horizons · vs prior close
+8.0%1-day move
₹8360.00
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₹8507.50
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AI summary

Polycab India reported its highest-ever yearly and quarterly revenues and profitability for FY26. Full-year revenue crossed ₹285 billion, up 29% YoY to ₹2,88,838 Mn, with EBITDA up 35% at ₹40,057 Mn and PAT up 32% at ₹27,084 Mn. Q4 revenue grew 27% YoY to ₹88,645 Mn, with EBITDA at ₹11,613 Mn (up 13%) and PAT at ₹7,856 Mn (up 7%). The Wires & Cables segment drove growth with 33% YoY increase to ₹2,51,789 Mn, gaining 3-4% market share via Project Spring. FMEG delivered 25% YoY growth to ₹20,693 Mn, with solar products nearly doubling. EPC declined 15% YoY in Q4 due to project execution timing. Net cash position strengthened to ₹41.9 Bn from ₹24.6 Bn last year.

Likely market impact

Strong all-round growth with record revenues and cash position; proposed dividend of ₹47/share (27.2% payout) signals confidence. Market share gains under Project Spring and improving FMEG profitability are positives, though Q4 PAT growth at 7% lags revenue growth due to margin pressure from unfavorable mix.