Polycab Q3 FY26: Revenue up 47% to Rs 7,517 Cr, PAT at Rs 601 Cr
POLYCAB · price
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On the reaction day the stock moved 3.7 pts less than Nifty Midcap 150 and 3.2 pts less than its Cables - Electricals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Polycab reported Q3 FY26 standalone revenue of Rs 7,517 crore, up 47% YoY. PAT was Rs 601 crore, down 33% from Rs 897 crore in Q3 FY25. For 9M FY26, revenue rose 30% to Rs 19,562 crore and PAT grew 17% to Rs 2,178 crore. Consolidated 9M PAT grew 30% to Rs 1,710 crore. Basic EPS for the quarter was Rs 40.05. Auditor BSR and Co gave an unmodified opinion. Board redesignated two Executive Directors as Joint Managing Directors.
Strong topline growth signals business expansion, but Q3 PAT decline warrants attention. Director changes are procedural.