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Polycab India Limited — Earnings Release 2026
Jul 17, 2025
61384_rns_2025-07-17_b4f5b4b9-0f02-4366-9ab3-5216535f094e.pdf
Earnings Release
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Date: July 17, 2025
To Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, MH - 400001
To Listing Department National Stock Exchange of India Limited C-1, G-Block, Bandra-Kurla Complex Bandra (E), Mumbai, MH - 400051
Scrip Code: 542652 Scrip Symbol: POLYCAB ISIN: INE455K01017
Dear Sir(s) / Madam(s),
Subject: Press Release on the Unaudited (Standalone and Consolidated) 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 herewith press release on the Unaudited (Standalone and Consolidated) Financial Results of the Company for the quarter ended June 30, 2025.
Kindly take the same on your record.
Thanking you Yours Faithfully For Polycab India Limited
MANITA CARMEN ALBERT GONSALVES Digitally signed by MANITA CARMEN ALBERT GONSALVES DN: c=IN, postalCode=400104, st=MAHARASHTRA, street=FLAT NO 8BUILDING NO 9PIRAMAL NAGAR S V ROADMUMBAIBESIDES PATEL PETROL PUMP 400104, l=MUMBAI, o=Personal, title=9350, serialNumber=e9923616fb581748338360a9dcca7ddbef53792338962e492591c02f91606f5f, pseudonym=06cc99809d91787cadb069ca8ac6e070, 2.5.4.20=d6b37cc9b008ba4c44a5e26aead891e74cc85aea24a8e6ad4562fa78a0802a6d, [email protected], cn=MANITA CARMEN ALBERT GONSALVES Date: 2025.07.17 14:52:24 +05'30'
_______ Manita Carmen A. Gonsalves Vice President-Legal & Company Secretary Membership No.: A18321 Address: #29, The Ruby, 21[st] Floor, Senapati Bapat Marg Tulsi Pipe Road, Dadar (West), Mumbai, MH-400028
Encl: as above
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Corporate Office: Polycab India Limited CIN: L31300GJ1996PLC114183 #29, The Ruby, 21[st] Floor, Senapati Bapat Marg, Tulsi Pipe Road, Dadar (West), Mumbai 400 028 Tel: +91 22 2432 7070 - 74 Email: [email protected] Web: www.polycab.com
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Registered Office: Unit 4, Plot No 105, Halol Vadodara Road Village Nurpura, Taluka Halol, Panchmahal, Panch Mahals, Gujarat 389 350 Tel: +91 2676- 227600 / 227700
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Highest Ever First Quarterly Revenue, EBITDA & Profitability
Results for the first quarter ended June 30, 2025
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Q1 FY26 Revenue at ₹ 59,060 Mn; up 26% YoY
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Q1 FY26 EBITDA at ₹ 8,576 Mn; up 47% YoY
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Q1 FY26 PAT at ₹ 5,997 Mn; up 49% YoY
Mumbai, July 17, 2025: Polycab India Limited (BSE: 542652, NSE: POLYCAB) today announced its results for the first quarter ended June 30, 2025.
Commenting on the performance, Mr. Inder T. Jaisinghani, Chairman and Managing Director, Polycab India
Limited, said: “We have started FY 2026 on a strong footing, delivering our highest-ever first-quarter revenue and profitability. Our Wires and Cables business continued to perform well, driven by sustained domestic demand, while our international business also delivered healthy year-on-year growth. The FMEG segment maintained its positive trajectory, marking its second consecutive profitable quarter, supported by a sharper focus on premium offerings and improved operating leverage. With continued momentum in government spending and improving project execution on the ground, we are confident in our ability to capitalise on the opportunities that lie ahead. As we progress on our five-year roadmap under Project Spring, we remain sharply focused on the strategic pillars that will drive the next phase of Polycab’s growth and transformation.”
Key Highlights (Q1 FY26)
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The Company’s revenues grew by 26% YoY to stand at ₹ 59,060 Mn. The strong growth was driven by robust performance in our Wires & Cables (W&C) business, supported by healthy growth momentum in our FastMoving Electrical Goods (FMEG) business.
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The W&C segment achieved a 31% YoY growth for the quarter, supported by sustained demand across core sectors. Key growth drivers included higher government expenditure, better project execution and rising commodity prices. The domestic business grew by 32% YoY, with cables growth once again outpacing wires. Both channel and institutional business showed healthy traction. The international business grew 24% YoY albeit on a low base and accounted for 5.2% of the Company’s topline. EBIT margins for the quarter expanded by ~190 bps YoY to 14.7%, aided by strategic price adjustments and operating leverage
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Registered Office: Corporate Office: Unit – 4, Plot no. 105 Polycab India Limited Halol Vadodara road Village: Nurpura 21[st] Floor, 29, The Ruby, Senapati Bapat Marg, Taluka: Halol, Panchmahal, Gujarat 389 350 Dadar (West), Mumbai 400 028 CIN No L31300GJ1996PLC114183 Tel: +91 22 67351400 Email: [email protected] Web: www.polycab.com
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The FMEG business continued its healthy growth trajectory to register a 18% YoY growth. The fans segment witnessed a muted performance, impacted by a shorter summer season. However, categories like lights, switchgears, switches, and conduit pipes & fittings, delivered healthy growth, supported by steady demand from the real estate sector. Solar products sustained their robust growth trajectory, clocking more than 2x YoY growth and emerging as the largest category within the FMEG portfolio. Notably, the business continued its upward margin trend, achieving a second consecutive profitable quarter. Margin improvement was supported by portfolio-wide gross margin expansion, driven by a shift toward premium products, and better operating leverage from scaling efficiencies
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The EPC business registered a de-growth of 19% YoY during the quarter to ₹ 3,474 Mn, with EBIT margins at 7.7%
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EBITDA margins improved ~210 bps YoY to 14.5%, supported by strategic pricing revisions, improved operational efficiency, and a favourable business mix
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PAT registered a strong growth of 49% YoY, with PAT margins improving ~170 bps YoY to 10.2%
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As of 30[th] June 2025, net cash position stood at ₹ 31.0 Bn, against ₹ 16.4 Bn in the same quarter previous year
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Post receiving shareholder’s approval in the Company’s 29[th] AGM on 1[st] July 2025, the Company processed dividend pay-out of ₹ 35 per share to its shareholders on the same day
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Registered Office: Unit – 4, Plot no. 105 Halol Vadodara road Village: Nurpura Taluka: Halol, Panchmahal, Gujarat 389 350
Corporate Office: Polycab India Limited 21[st] Floor, 29, The Ruby, Senapati Bapat Marg, Dadar (West), Mumbai 400 028
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CIN No L31300GJ1996PLC114183 Tel: +91 22 67351400 Email: [email protected] Web: www.polycab.com
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About Polycab
Polycab India Limited (PIL) is India’s largest manufacturer of Wires and Cables and one of the fastest growing FMEG companies with a consolidated turnover of ₹ 224+ Bn in FY25. PIL is at the forefront of providing innovative, safe and energy efficient products to a diverse set of customers via a strong distribution network of 4,300+ authorized dealers and 200,000+ retail outlets. PIL’s business operations span across India through 27 manufacturing facilities, 15 offices and 34 warehouses. PIL has also served customers in 84 countries globally. PIL’s 4,100+ employees are dedicated to upholding robust governance practices, preserving a customer centric culture, having a purpose to serve the communities, and imbibing a genuine sense of ecological consciousness. For further information, please visit www.polycab.com.
Contact us:
Polycab India Limited
Email: [email protected]
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 forwardlooking 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.
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Registered Office:
Unit – 4, Plot no. 105 Halol Vadodara road Village: Nurpura Taluka: Halol, Panchmahal, Gujarat 389 350
Corporate Office: Polycab India Limited 21[st] Floor, 29, The Ruby, Senapati Bapat Marg, Dadar (West), Mumbai 400 028
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CIN No L31300GJ1996PLC114183 Tel: +91 22 67351400 Email: [email protected] Web: www.polycab.com