Polycab India Shares Jump Over 2% as Q1 FY26 Net Profit Climbs 49% YoY; Revenue Surges to ₹5,905 Cr
By Shishta Dutta | Updated at: Jan 12, 2026 02:28 PM IST
Mumbai, July 18, 2025 – Polycab India Ltd (NSE: POLYCAB, BSE: 542652) shares rose 2.25% on Friday after reporting strong Q1 FY26 results. The surge followed a 49% year-on-year increase in net profit, with the company outperforming broader indices in early trade.
Growth was driven by a 31% jump in Wires & Cables revenue, which contributed nearly 89% of total sales. FMEG posted 18% growth, while EPC declined due to timing-related factors. Operating margins remained stable despite sequential moderation from Q4.
Market Snapshot (as of 11:08 IST, July 18)
As of 11:15 IST on July 18, Polycab India traded at ₹7,030, up ₹145.30 or 2.11%. The stock moved between ₹6,939.05 and ₹7,080 during the session, with VWAP at ₹7,028.75 and turnover at ₹17.43 crore.
| Detail | Value |
|---|---|
| Last Traded Price | ₹7,030.00 |
| % Change | 2.11% |
| VWAP | ₹7,028.75 |
| 52-Week High | ₹7,605.00 |
| 52-Week Low | ₹4,555.00 |
| Total Market Cap | ₹1.06 lakh crore |
| P/E (Adjusted) | 46.19x |
Key Consolidated Financial Highlights (Q1 FY26)
| Metric | Q1 FY26 | Q1 FY25 | YoY Change | Q4 FY25 | QoQ Change |
|---|---|---|---|---|---|
| Revenue from Operations | ₹5,906 crore | ₹4,698 crore | ▲ 25.7% | ₹6,986 crore | ▼ 15.5% |
| EBITDA (Est., post-expenses) | ₹8,006 crore* | ₹5,334 crore* | ▲ 50.1% | ₹9,606 crore* | ▼ 16.7% |
| Net Profit | ₹599.7 crore | ₹401.6 crore | ▲ 49.3% | ₹734.4 crore | ▼ 18.3% |
| EPS (Basic) | ₹39.36 | ₹26.35 | ▲ 49.4% | ₹48.31 | ▼ 18.5% |
*Profit before share of JV, close proxy for EBITDA
Segment-Wise Revenue Performance
| Segment | Q1 FY26 Revenue | Q1 FY25 Revenue | YoY Growth |
|---|---|---|---|
| Wires & Cables | ₹5,229 crore | ₹3,996 crore | ▲ 30.8% |
| FMEG | ₹454 crore | ₹385 crore | ▲ 17.9% |
| EPC | ₹347 crore | ₹428 crore | ▼ 18.9% |
Wires & Cables remained the dominant contributor, accounting for nearly 88.5% of total revenue. The EPC segment, however, declined due to project execution timing and order book variability.
Corporate Updates
- Share Capital: Allotted 80,260 equity shares under ESOP 2018 during the quarter, raising paid-up capital from ₹150.43 crore to ₹150.51 crore.
- Dividend: Final dividend of ₹35/share (FY25) paid on July 1, totaling ₹526.77 crore.
- M&A: Scheme of amalgamation with wholly owned subsidiary Uniglobus Electricals & Electronics Pvt Ltd approved; effective upon regulatory clearance.
Management Commentary
Inder T. Jaisinghani, Chairman & MD, stated:
“Our continued focus on strengthening core segments has yielded resilient growth despite a sequential moderation from the March quarter. Wires & Cables continues to scale profitably, and we are optimistic about demand recovery in the second half of FY26.”
Strategic Outlook
Polycab aims to sustain double-digit revenue growth for FY26, led by demand in housing, infrastructure, and industrial capex. Margins are expected to remain stable with input cost control and channel expansion in Tier-II/III cities.
About the Company
Polycab India Ltd, listed on NSE and BSE, is one of India’s largest manufacturers of wires and cables, and a fast-growing player in the FMEG (Fast Moving Electrical Goods) segment. The company is part of the NIFTY MIDCAP 50 index and was listed in April 2019.
REF: https://nsearchives.nseindia.com/corporate/POLYCAB_17072025144757_BMOUTCOMERESULTS17072025F.pdf
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
