Polycab India Falls 1.69% Despite Profit Surging 56% YoY to ₹6,930 Million

Mumbai, October 17: Polycab India Limited’s share price witnessed negative investor demand today, despite the company’s profit surging 56% y-o-y. At the market close, the shares ended down by 1.69%, or 128 points, at ₹7,450. The shares made an intraday high of ₹7,619.50 and an intraday low of ₹7,239.50. The shares have their 52-week high of ₹7,794.50 and their 52-week low of ₹4,555.

Polycab India Limited is an Indian company that is engaged in the manufacturing of wires and cables. The company was established in 1996 and is headquartered in Mumbai, Maharashtra. The shares of the company are listed on NSE with the ticker symbol POLYCAB and on BSE with the code 542652.

Revenue Grew By 18%

For the second quarter of the financial year 2026, Polycab India’s revenue from operations grew by 18% year-on-year to ₹6,477.2 crore. EBITDA surged by 62% to ₹1,020.7 crore, and the net profit (PAT) jumped by 56% to ₹693 crore. For the first half of the year, the company’s revenue grew by 21% to ₹12,383.2 crore, while the net profit for the six-month period increased by 53% to ₹1,292.7 crore.

Wires & Cables Key Contributor

The Wires & Cables division remains the key contributor by contributing nearly 84% of the total revenue in the last financial year. The demand was because of infrastructure, renewables, and exports. The FMEG (Fast-Moving Electrical Goods) business also reported strong growth, especially in the switches, lighting, and fans categories. The EPC (Engineering, Procurement, and Construction) segment was stable and was supported by the increased execution of government and industrial projects.

Balance Sheet Strong

The company’s total assets grew by 14% year-on-year to ₹13,772.7 crore, while its net worth increased by 20% to ₹9,825 crore. There was a 91% surge in the cash and bank balance, which stood at ₹770.6 crore. The company remains net cash positive and has strong liquidity as it has minimal borrowings and a stable debt-equity ratio of just 0.01x.

REF: https://nsearchives.nseindia.com/corporate/POLYCAB_17102025140148_CorporatePresentation.pdf

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