Polycab India's Q2 FY 2025-26 Quarterly Results

Polycab India Result Summary

• Polycab India Ltd reported a 9.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 17.0%.
• Its expenses for the quarter were up by 8.0% QoQ and 12.4% YoY.
• The net profit increased 15.6% QoQ and increased 55.6% YoY.
• The earnings per share (EPS) of Polycab India Ltd stood at 45.46 during Q2 FY 2025-26.

Polycab India Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Polycab India Company Overview

Polycab India Ltd is a prominent player in the electrical industry, primarily known for its wide range of products including wires, cables, and fast-moving electrical goods (FMEG) such as switches, fans, LED lighting, and solar products. The company has established itself as a leader in the wire and cable segment, catering to both domestic and international markets. Polycab continues to expand its product offerings and has been focusing on enhancing its distribution network to reach a broader customer base. The company invests considerably in research and development to innovate and improve its product lines, thereby maintaining a competitive edge in the market.

Polycab India Revenue

In Q2FY26, Polycab India Ltd reported a total income of ₹6522.64 crores, reflecting a quarter-over-quarter (QoQ) increase of 9.0% from ₹5985.92 crores in Q1FY26. On a year-over-year (YoY) basis, the total income increased by 17.0% from ₹5574.58 crores in Q2FY25. This growth can be attributed to the company’s strategic initiatives in expanding its market presence and diversifying its product offerings. The consistent increase in total income over the quarters suggests a positive trajectory in the company's revenue generation capabilities.

Polycab India Profitability

The profit before tax for Q2FY26 was ₹921.00 crores, marking a QoQ growth of 15.0% from ₹800.58 crores in Q1FY26 and a substantial YoY increase of 56.0% from ₹590.35 crores in Q2FY25. After accounting for tax expenses of ₹228.04 crores in Q2FY26, which increased by 13.5% QoQ and 57.1% YoY, the profit after tax stood at ₹692.96 crores. This represents a QoQ growth of 15.6% and a YoY growth of 55.6%. The earnings per share (EPS) also saw an increase, reaching ₹45.46 in Q2FY26, compared to ₹39.21 in Q1FY26 and ₹29.14 in Q2FY25, demonstrating significant improvements in profitability.

Polycab India Operating Metrics

Polycab India Ltd’s total expenses for Q2FY26 were reported at ₹5601.64 crores, showing an 8.0% QoQ increase from ₹5185.34 crores in Q1FY26 and a 12.4% YoY rise from ₹4984.23 crores in Q2FY25. The increase in expenses aligns with the company's revenue growth, indicating efficient cost management while expanding operations. The financial data reflects a robust operating performance, with effective control over expenses contributing to improved profitability margins. The company's operations are supported by strategic investments and resource allocation, which are essential for sustaining growth in a competitive market environment.