Latest news with #PolycabIndia
&w=3840&q=100)
Business Standard
18-07-2025
- Business
- Business Standard
Polycab India stock gains 2% post Q1 results: Here's what brokerages say
Polycab India share price today: Shares of cables and wires manufacturer Polycab India touched an intra-day high of ₹7,046, gaining 2.3 per cent on the NSE on Friday after the company reported a strong set of earnings for the quarter ended June 2025 (Q1FY26). At 10:25 AM, Polycab India was trading 2 per cent higher at ₹7,024 on the NSE. In comparison, the NSE Nifty50 index was down 0.57 per cent at 24,964.35 levels. The company's total market capitalisation stood at ₹1.05 trillion. Polycab India Q1FY26 result update The company's revenue from operations for the June 2025 quarter came in at ₹5,906 crore, up 26 per cent year-on-year (Y-o-Y) from ₹4,698 crore in the year-ago period. Its earnings before interest, tax, depreciation and amortisation (Ebitda) stood at ₹857.6 crore, up 47 per cent Y-o-Y. Polycab India reported a 49 per cent Y-o-Y increase in profit after tax (PAT) to ₹599.7 crore against ₹401.6 crore in the June 2024 quarter. The company wires & cables (W&C) business witnessed a 31 per cent Y-o-Y growth for the quarter on the back of sustained demand across sectors, along with higher government expenditure, better project execution and rising commodity prices. The domestic business grew by 32 per cent Y-o-Y. Polycab India's Ebitda margins improved 210 bps Y-o-Y to 14.5 per cent, supported by strategic pricing revisions, improved operational efficiency, and a favourable business mix. Brokerage views of Polycab India: Nuvama Institutional Equities Polycab India's consolidated revenues grew by 26 per cent Y-o-Y (6-year CAGR 20 per cent), beating consensus estimates by 2 per cent/5 per cent, respectively. Growth was on the back of robust performance in W&C business, supported by healthy growth momentum in FMEG, Nuvama said in a note. The brokerage has maintained a 'Buy' rating on the stock with a target price (TP) of ₹7,950. It expected other cable and wire companies to post strong earnings for Q1, partially aided by a low base. JM Financial According to analysts, Polycab India's Q1 performance was a beat on all fronts. While 33 per cent Y-o-Y growth in the C&W business was a key highlight, the FMEG portfolio also reported steady growth and improved profitability. The C&W business benefited from increased government expenditure and rising commodity prices, while the FMEG business maintained its growth momentum owing to demand from real estate, the brokerage said in a note. Another key highlight was the ramp-up in the high-margin export business, which grew 24 per cent YoY. "While Q1 was a very strong quarter for Polycab, we await more clarity on the sustainability of this performance and the way forward," it added. JM Financial has maintained a 'Buy' with a target price of ₹7,900 set at 42x June 27E EPS. About Polycab India Polycab India is India's largest manufacturer of wires and cables, with a consolidated turnover of more than ₹224 billion in the fiscal year 2024-25. It has a distribution network of over 4,300 authorised dealers and 200,000 retail outlets. The company operates 27 manufacturing facilities, 15 offices and 34 warehouses across India. It serves customers in more than 84 countries globally.
Business Standard
18-07-2025
- Business
- Business Standard
Polycab India consolidated net profit rises 49.54% in the June 2025 quarter
Sales rise 25.71% to Rs 5905.98 crore Net profit of Polycab India rose 49.54% to Rs 592.12 crore in the quarter ended June 2025 as against Rs 395.95 crore during the previous quarter ended June 2024. Sales rose 25.71% to Rs 5905.98 crore in the quarter ended June 2025 as against Rs 4698.03 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 5905.984698.03 26 OPM % 14.5212.42 - PBDT 886.29600.49 48 PBT 800.59533.37 50 NP 592.12395.95 50
Time of India
18-07-2025
- Business
- Time of India
Polycab shares in focus after Q1 net profit jumps 50% YoY
Polycab India shares are expected to be in focus on Friday, July 18, after the company reported a 50% year-over-year (YoY) growth in its Q1 FY26 consolidated net profit. The company posted a net profit of Rs 592 crore for the June quarter, compared to Rs 396 crore in the corresponding period last year. This earnings performance is attributable to the equity shareholders of the company. Explore courses from Top Institutes in Select a Course Category Technology Degree Data Science Design Thinking others Others Finance Product Management Data Science Leadership PGDM CXO Operations Management healthcare Project Management Management Public Policy Digital Marketing Data Analytics Artificial Intelligence MCA Healthcare MBA Cybersecurity Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ranked: The Most Stunning Underrated Coastal Getaways in Europe Learn More Undo Revenue from operations also registered healthy growth, rising 26% YoY to Rs 5,906 crore, up from Rs 4,698 crore in the year-ago quarter. However, on a sequential basis, profit after tax (PAT) declined 19% from Rs 727 crore in Q4FY25, while revenue dipped 15% from Rs 6,986 crore reported in the March quarter. Operationally, the wire maker reported an improvement in profitability, with PAT margins expanding by 170 basis points YoY to 10.2% in Q1FY26. The company's EBITDA margin also improved by 210 basis points YoY to 14.5%, supported by strategic pricing, operational efficiency, and a favourable business mix. Live Events Polycab attributed its growth to robust performance in its key Wires & Cables (W&C) segment, along with strong momentum in its Fast-Moving Electrical Goods (FMEG) business. The W&C segment recorded 31% YoY growth, driven by steady demand across core sectors, higher government spending, improved project execution, and rising commodity prices. The domestic business grew 32% YoY, with cables once again outpacing wires in terms of growth. The company's international business also showed positive traction, posting 24% YoY growth and contributing 5.2% to total revenue. On Thursday, Polycab shares closed nearly 1% lower at Rs 6,884.70 on BSE. Also read: FIIs raise stakes in smallcaps: 8 stocks surge over 50% in 2025, 2 become multibaggers
Business Standard
17-07-2025
- Business
- Business Standard
Polycab India Q1 PAT jumps 49% YoY to Rs 600 cr
Polycab India's consolidated net profit spiked 49.32% to Rs 599.70 crore on a 25.71% rise in revenue from operations to Rs 5,906 crore in Q1 FY26 over Q1 FY25. The strong revenue growth was driven by robust performance in the wires and cables (W&C) segment, supported by sustained growth momentum in the fast-moving electrical goods (FMEG) business. Profit before tax was at Rs 800.59 crore in Q1 FY26, reflecting a growth of 50.10% from Rs 533.37 crore reported in Q1 FY25. EBITDA jumped 47% YoY to Rs 857.60 crore in the quarter ended 30 June 2025. EBITDA margin improved to 14.5% in Q1 FY26 as against 12.4% in Q1 FY25, supported by strategic pricing revisions, improved operational efficiency, and a favourable business mix. On the segmental front, wires & cables business revenue grew by 30.85% YoY to Rs 5,228.6 crore in Q1 FY26, supported by sustained demand across core sectors. Key growth drivers included higher government expenditure, better project execution and rising commodity prices. The domestic business grew by 32% YoY, with cables growth once again outpacing wires. Both channel and institutional business showed healthy traction. The international business grew 24% YoY albeit on a low base and accounted for 5.2% of the Companys topline. EBIT margins for the quarter expanded by 190 bps YoY to 14.7%, aided by strategic price adjustments and operating leverage. The FMEG business continued its healthy growth trajectory to register an 18% YoY growth to Rs 454.23 crore in Q1 FY26. The fans segment witnessed a muted performance, impacted by a shorter summer season. However, categories like lights, switchgears, switches, and conduit pipes & fittings, delivered healthy growth, supported by steady demand from the real estate sector. Solar products sustained their robust growth trajectory, clocking more than 2x YoY growth and emerging as the largest category within the FMEG portfolio. Notably, the business continued its upward margin trend, achieving a second consecutive profitable quarter. Margin improvement was supported by portfolio-wide gross margin expansion, driven by a shift toward premium products, and better operating leverage from scaling efficiencies. The EPC business registered a de-growth of 19% YoY during the quarter to Rs 347.40 crore, with EBIT margins at 7.7%. As of 30 June 2025, net cash position stood at Rs 3,100 crore, against Rs 1,640 Bn in the same quarter previous year. Commenting on the performance, Inder T. Jaisinghani, chairman and managing director, Polycab India, said: We have started FY 2026 on a strong footing, delivering our highest-ever first-quarter revenue and profitability. Our Wires and Cables business continued to perform well, driven by sustained domestic demand, while our international business also delivered healthy year-on-year growth. The FMEG segment maintained its positive trajectory, marking its second consecutive profitable quarter, supported by a sharper focus on premium offerings and improved operating leverage. With continued momentum in government spending and improving project execution on the ground, we are confident in our ability to capitalise on the opportunities that lie ahead. As we progress on our five-year roadmap under Project Spring, we remain sharply focused on the strategic pillars that will drive the next phase of Polycabs growth and transformation. Polycab India is the largest manufacturer of wires and cables in India and a fast-growing player in the Fast Moving Electrical Goods (FMEG) space. The Group is also in the business of engineering, procurement, and construction (EPC) projects. Shares of Polycab India shed 0.98% to settle at Rs 6,877 on the BSE.
Time of India
17-07-2025
- Business
- Time of India
Polycab Q1 Results: Cons PAT surges 50% YoY to Rs 592 crore; revenue jumps 26%
Polycab India on Thursday reported a 50% year-on-year (YoY) growth in its Q1FY26 net profit to 592 crore as compared to Rs 396 crore posted in the year-ago period. The net profit is attributable to the shareholders of the company. The revenue from operations rose 26% YoY at Rs 5,906 crore versus Rs 4,698 crore in the year-ago period. Explore courses from Top Institutes in Select a Course Category Digital Marketing Degree Finance healthcare Data Science Design Thinking Leadership Data Analytics Healthcare Artificial Intelligence Cybersecurity Project Management Public Policy PGDM Data Science Operations Management others Management Technology MBA MCA Product Management CXO Others Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Crossout 2.0: Supercharged Crossout Play Now MORE TO COME...
