Polycab Q1 FY27 earnings call transcript filed with exchanges

Polycab filed the transcript of its Q1 FY27 earnings call held on July 16, 2026. Consolidated revenue grew 39 percent year on year, EBITDA rose 32 percent with margins at 13.8 percent, and the company posted a record quarterly profit after tax of INR 7,967 million, up 33 percent. Wires and Cables revenue grew 39 percent, FMEG jumped 71 percent led by solar. Net cash stood at INR 39.9 billion. Management reiterated Project Spring margin targets of 11-13 percent for cables and 8-10 percent for FMEG by FY30. Disclosed order book across Bharat Net and RDSS stands at INR 10,900 crores.