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Polycab India's Q3 Revenue Soars 46% on Strong Demand
19 Jan
Summary
- Polycab India's Q3 FY26 revenue surged 46% YoY to Rs 7,636.1 crore.
- Wires & Cables segment saw 53% YoY growth driven by domestic demand.
- Net profit rose 36% YoY to Rs 630.2 crore, despite a QoQ decline.
Polycab India demonstrated exceptional financial performance in Q3 FY26, with revenue from operations leaping 46% year-over-year to Rs 7,636.1 crore. This substantial growth was propelled by the company's dominant Wires & Cables (W&C) segment, which achieved a remarkable 53% YoY increase, boosted by robust domestic demand and steady commodity price inflation. The Fast-Moving Electrical Goods (FMEG) business also contributed positively, maintaining its growth momentum with a 17% YoY rise.
The company's W&C segment's success was underpinned by a strong domestic performance, recording 59% growth. The EPC business also showed progress, with revenues climbing 4% YoY to Rs 406.9 crore. Financially, net profit saw a 36% YoY increase, amounting to Rs 630.2 crore, despite a sequential decline from the previous quarter. Profit before tax and EBITDA also reported year-over-year gains, indicating strong operational efficiency.
Despite a slight decrease in EBITDA margin to 12.7% from 15.8% in Q2 FY26, Polycab India's overall financial health remains robust. Total operating expenses saw a significant rise both quarter-over-quarter and year-over-year, reflecting increased business activity and investments. As India's largest manufacturer of wires and cables and a rapidly growing FMEG player, Polycab continues to expand its operations across the nation.
