Polycab Q1 FY 2025-26 Quarterly Results
- 18 Jul 2025
Result Summary
- Polycab reported a 6.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1FY26). On a year-on-year (YoY) basis, it witnessed a growth of 25.8%.
- Its expenses for the quarter were up by 5.4% QoQ and 22.8% YoY.
- The net profit increased 8.4% QoQ and increased 49.3% YoY.
- The earnings per share (EPS) of Polycab stood at 39.2 during Q1FY26.
Financial Statments for Q1FY26
| (₹ crores) | Q1FY26 | Q4FY25 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 5985.92 | 5645.73 | 4756.44 | 6.0% | 25.8% |
Total Expenses | 5185.34 | 4920.47 | 4223.06 | 5.4% | 22.8% |
Profit Before Tax | 800.58 | 725.26 | 533.37 | 10.4% | 50.1% |
Tax | 200.89 | 171.78 | 131.75 | 16.9% | 52.5% |
Profit After Tax | 599.70 | 553.47 | 401.61 | 8.4% | 49.3% |
Earnings Per Share | 39.20 | 36.30 | 26.30 | 8.0% | 49.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Polycab is a leading company in the manufacturing and distribution of wires and cables in India, as well as a prominent player in the electrical goods sector. The company is recognized for its comprehensive range of products which includes power cables, control cables, and communication cables. Additionally, Polycab has a significant presence in the fast-growing consumer electricals segment, which includes fans, lighting, and switches. In recent years, Polycab has been expanding its portfolio, delving into the smart home solutions market. As of the latest updates, Polycab continues to strengthen its distribution network across India to enhance market reach and operational efficiency. However, specific recent developments or strategic moves post-October 2023 are not available in the provided data.
Polycab Revenue
In the first quarter of FY26, Polycab reported a total income of ₹5985.92 crores, marking a quarter-over-quarter (QoQ) increase of 6.0% from ₹5645.73 crores in Q4FY25. On a year-over-year (YoY) basis, the total income saw a significant increase of 25.8% compared to ₹4756.44 crores in Q1FY25. This growth trajectory reflects the company's robust revenue generation capability, potentially driven by expanded operations or increased market demand. The upward trend in total income highlights the company's ability to enhance its financial performance over consecutive quarters and years.
Polycab Profitability
Polycab's profitability has witnessed substantial growth, with the profit before tax (PBT) reaching ₹800.58 crores in Q1FY26, up by 10.4% QoQ from ₹725.26 crores in the previous quarter, and a remarkable 50.1% increase YoY from ₹533.37 crores in Q1FY25. The profit after tax (PAT) for the same period was ₹599.70 crores, reflecting an 8.4% QoQ increase from ₹553.47 crores in Q4FY25, and a 49.3% YoY rise from ₹401.61 crores in Q1FY25. This growth in profitability metrics signifies Polycab's effective cost management and operational efficiency. The earnings per share (EPS) also rose to ₹39.20 in Q1FY26, marking an 8.0% increase QoQ from ₹36.30 and a 49.0% increase YoY from ₹26.30, indicating enhanced shareholder value.
Polycab Operating Metrics
Polycab's total expenses for Q1FY26 amounted to ₹5185.34 crores, showing a QoQ increase of 5.4% from ₹4920.47 crores in Q4FY25, and a YoY increase of 22.8% from ₹4223.06 crores in Q1FY25. The rise in expenses is consistent with its revenue growth, reflecting potential scaling of operations or increased cost of production. The tax expense for Q1FY26 was recorded at ₹200.89 crores, up by 16.9% QoQ from ₹171.78 crores and by 52.5% YoY from ₹131.75 crores, which corresponds with increased profit levels. These metrics illustrate the company's operational dynamics over the fiscal period, demonstrating both growth in income and proportional increases in expenses and taxes.