Polycab India Limited — Earnings Release 2021

Jul 21, 2021

POLYCAB INDIA LIMITED Polycab House, 771 Mogul Lane, Mahim (W), Mumbai – 400016 CIN: L31300GJ1996PLC114183 Tel : +91 22 2432 7070-74 Fax : +91 22 2432 7075 Email: shares@polycab.com Website: www.polycab.com

Date: 21st July 2021

To Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street Mumbai – 400 001

To Listing Department National Stock Exchange of India Limited C-1, G-Block, Bandra-Kurla Complex Bandra (E), Mumbai – 400 051

Scrip Code: 542652 Scrip Symbol: Polycab ISIN:- INE455K01017

Dear Sir / Madam

Sub: Press Release on the Un-audited Financial Results of the Company under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI (LODR) Regulations, 2015').

With reference to the captioned subject, please find enclosed the press release on the Un-audited financial results of the Company for the quarter ended 30 th June 2021.

Kindly take the same on your record.

Thanking you Yours Faithfully For Polycab India Limited

Company Secretary and Compliance Officer Membership No.: A18321 Address: Polycab House, 771, Mogul Lane Mahim (West), Mumbai - 400 016

Encouraging performance amidst challenges

Results for the first quarter ended June 30, 2021

• Q1FY22 Revenue at Rs. 18,805 mn; up 93% YoY
• Q1FY22 EBITDA at Rs. 1,372 mn; up 144% YoY
• Q1FY22 PAT at Rs. 753 mn; down -36% YoY

Mumbai, July 21, 2021: Polycab India Limited (BSE: 542652, NSE: POLYCAB) today announced its consolidated results for the first quarter ended June 30, 2021.

Commenting on the performance, Mr. Inder T. Jaisinghani, Chairman and Managing Director, Polycab India Limited, said: "First quarter performance has been encouraging. Despite challenges posed by lockdowns in many states, we were able to record much better business compared to last year. We remain diligent in managing costs and navigating the volatile demand environment. More importantly, we are progressing well on our strategic agenda and achieving new milestones which will drive transformation over mid to long term. We continue to serve the communities and fulfil our purpose in meaningful ways."

Key Highlights (Q1 FY21)

• Revenue grew 93% YoY to Rs. 18,805 mn despite challenging business environment.
• Wires and cables business doubled on YoY basis to Rs. 15,862 mn in Q1FY22 from Rs. 7,935 mn in Q1FY21. In Domestic business, Cables outperformed Wires in Q1 partly on account of relatively favourable base. Distribution as well as Institutional business was >2x of last year. Exports contribution to overall revenue stood at 6% in Q1FY22 vs 4.5% in Q4FY21.
• FMEG business grew 39% YoY to Rs. 1,919 mn in Q1FY22 from Rs. 1,378 mn in Q1FY21 despite closure of retail shops across many large states. Distribution expansion continued with greater thrust on digital marketing campaigns. Innovation driven product development remains a key focus area.
• PBT grew 151% YoY to Rs. 982 mn in Q1FY22 from Rs. 391 mn in Q1FY21 reflecting improved profitability. PAT declined 36% YoY to Rs. 753 mn in Q1FY22 from Rs. 1,176 mn in Q1FY21 on account one off gains in base quarter. PAT margin stood at 4.0% in Q1FY22.
• As of 30 June 2021, net cash position at Rs 6,716 mn was 3.3x of same period last year.

About Polycab

PIL is a leading Electricals brand with over Rs 89 billion revenue. PIL is the largest manufacturer of Wires and Cables in India and on of the fastest growing player in the FMEG space. PIL manufactures and sells various types of cables, wires, electric fans, LED lighting and luminaires, switches and switchgears, solar products, pumps and conduits and accessories. Polycab caters to various public and private institutions across a diverse set of industries, as well as retail customers through its B2C business. PIL has a strong a Pan-India distribution network of over 4,100+ authorized dealers and distributors who in turn cater to over 165,000+ retail outlets. Business operations are managed through a corporate office, 4 regional offices, 16 local offices across India and over 50 warehouses located across the nation. PIL owns 23 manufacturing facilities located across the states of Gujarat, Maharashtra, Uttarakhand, and District of Daman. PIL puts strong emphasis backward integration of its manufacturing process and building in-house research and development 'R&D' capabilities to adhere to various national and international quality certifications. PIL has also exported goods to over 55 countries in past few years. For further information, please visit www.polycab.com

Contact us:

Polycab India Limited Email: investor.relations@polycab.com

Disclaimer: Certain statements in this press release may be forward-looking statements and/or based on management's current expectations and beliefs concerning future developments and their potential effects upon Polycab and its associates. The forward-looking statements are not a guarantee of future performance and involve risks and uncertainties and there are important factors that could cause actual results to differ, possibly materially, from expectations reflected in such forward-looking statements. Polycab does not intend, and is under no obligation, to update any forward-looking statement contained in this press release.