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Polycab Q2 Results: Net Profit Surges 43% To Beat Estimates
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CNBC TV18•15-10-2026, 13:23
Polycab Q2 Results: Net Profit Surges 43% To Beat Estimates
- •Polycab India reported a net profit of ₹977 crore for the September quarter, marking a 42.6% year-on-year growth and beating expectations.
- •Revenue for the period surged by nearly 53% to ₹9,899 crore, driven by robust execution in wires and cables as well as the FMCG business.
- •EBITDA reached ₹1,423 crore with a margin of 14.37%, contracting less than what the street had feared.
- •The FMEG segment saw revenue more than double with a 124% increase, while its EBIT margin surpassed the double-digit mark for the first time.
- •Despite strong quarterly numbers, shares traded 2.6% lower amid concerns over potential MSCI index exclusion and IRP resolution mechanism stages.
Key Questions Answered
Polycab India reported a net profit of ₹977 crore, marking a 42.6% growth from the same quarter last year, while its quarterly revenue grew by nearly 53% year-on-year to ₹9,899 crore.
Polycab's Wires & Cables business saw a revenue growth of 47% driven by strong domestic demand, while the FMEG segment more than doubled its revenue with a 124% year-on-year increase.
Polycab's EBITDA margin narrowed by 150 basis points year-on-year to 14.37%, though this contraction was less severe than the street had feared, with poll expectations pegged at 13.7%.
