Net profit of Polycab India rose 10.83% to Rs 457.56 crore in the quarter ended December 2024 as against Rs 412.85 crore during the previous quarter ended December 2023. Sales rose 20.40% to Rs 5226.06 crore in the quarter ended December 2024 as against Rs 4340.47 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales5226.064340.47 20 OPM %13.7813.12 - PBDT695.13608.27 14 PBT616.57546.40 13 NP457.56412.85 11 Powered by Capital Market - Live

The growth in revenue was driven by strong performance across all business segments. Profit before tax was at Rs 616.57 crore in Q3 FY25, reflecting a growth of 12.84% from Rs 546.39 crore reported in Q3 FY24. EBITDA declined 20.89% YoY to Rs 569.50 crore in the quarter ended 31 December 2024. EBITDA margin improved to 13.8% in Q3 FY25 as against 13.1% in Q3 FY24, adversely impacted by normalization in W however, a downward trend in copper prices and high channel inventory of wires at the beginning of the quarter led to a slowdown in the wires business. The international business delivered exceptional results in Q3 FY25, posting a remarkable 62% year-on-year (YoY) growth. This segment contributed 8.3% to the company's overall top-line revenue. Additionally, the company saw a 120 basis points quarter-on-quarter (QoQ) expansion in EBIT margins, reaching 13.5%. This improvement was driven by the normalization of margins in the wires business and a stronger contribution from the international market. The Fast Moving Electrical Goods (FMEG) business experienced robust growth, registering a 45% year-on-year (YoY) increase, although this growth was on a lower base. The company's effective execution of its strategic roadmap is translating into sustained revenue expansion across all major product categories. Notably, switchgear, conduit pipes & fittings, and switches all posted healthy growth, driven by continued demand from the real estate sector. The business also benefited from gross margin expansion and improved operating leverage, which helped reduce losses during the quarter. Polycab India's other businesses, primarily the engineering, procurement, and construction (EPC) segment, reported strong growth of 111% year-on-year in Q3 FY25, marking Rs 457.30 crore. This growth was driven by the robust execution of the EPC order book. Going forward, the EPC business is expected to contribute mid-to-high single digits to the company's consolidated revenue. As of 31 December 2024, Polycab India's net cash position stood at Rs 1,714 crore, a decline from Rs 1,837 crore in the previous quarter. Inder T. Jaisinghani, chairman and MD, Polycab India, said: 'We are thrilled to announce that we have concluded 2024 on a robust note, achieving our highest ever revenues for both the third quarter and the nine-month period. This outstanding performance was driven by strong growth across all segments, underscoring our strategic execution and unwavering commitment to excellence. Notably, we have achieved a remarkable milestone of successfully surpassing our first five-year guidance of reaching an Rs 200 Bn top-line by FY26 ahead of time, delivering Rs 210 Bn in revenue for calendar year 2024. Building on this success, we are excited to embark on our next transformative journey to unlock our growth potential for FY30 and further solidify our leadership in the industry with our new vision project spring. Supported by a strong demand outlook, favourable government policies, and our ongoing internal transformation initiatives, I am confident that Polycab is well-positioned to deliver sustained long-term value for all our stakeholders.' Polycab India is the largest manufacturer of wires and cables in India and a fast-growing player in the Fast Moving Electrical Goods (FMEG) space. The Group is also in the business of engineering, procurement, and construction (EPC) projects. Shares of Polycab India slipped 4.91% to currently trade at Rs 6,240.35 on the BSE. Powered by Capital Market - Live

The Board of Polycab India at its meeting held on 22 January 2025 has approved the appointment of Vijay Pandey (DIN:07434880) as an Additional Whole-Time Director, designated as Executive Director for a period of 3 years commencing from 22 January 2025. The Board also approved the appointment of Sumit Malhotra (DIN: 02183825) as an Additional Director designated as Independent Director for a period of 3 years commencing from 22 January 2025. Powered by Capital Market - Live

Polycab India will hold a meeting of the Board of Directors of the Company on 22 January 2025.Powered by Capital Market - Live

Polycab India has allotted 11,300 equity shares under ESOS on 07 December 2024. Powered by Capital Market - Live

Polycab India has allotted 11,400 equity shares under ESOS on 22 November 2024. Powered by Capital Market - Live

Polycab India has allotted 4,200 equity shares under ESOS on 08 November 2024. Powered by Capital Market - Live

The project involves development (creation, upgradation and operation & maintenance) of middle mile network of Bharat Net on design build operate and maintain (DBOM) model ' package-7 in the state of Bihar. The project includes a 3-year construction period, followed by a 10-year maintenance contract. The maintenance fee will be 5.5% of the capital expenditure (capex) annually for the first 5 years and 6.5% annually for the subsequent 5 years. Polycab India is the largest manufacturer of wires and cables in India and fast-growing player in the fast-moving electrical goods (FMEG) space. The Group is also in the business of engineering, procurement and construction (EPC) projects. The company's consolidated net profit rose 3.35% to Rs 439.81 crore on a 30.37% increase in sales to Rs 5,498.42 crore in Q2 FY25 over Q2 FY24. The scrip shed 0.65% to currently trade at Rs 6840.75 on the BSE. Powered by Capital Market - Live

The company has emerged as the lowest bidder (L-1) for a Rs 4,099.69 crore project to design, build, operate, and maintain (DBOM) the middle mile network of BharatNet in Karnataka, Goa, and Puducherry. The contract stipulates a 3-year construction period, followed by a 10-year maintenance period. The maintenance fee will be 5.5% of the capital expenditure (capex) for the first five years and 6.5% for the subsequent five years. Polycab India is the largest manufacturer of wires and cables in India and fast-growing player in the fast-moving electrical goods (FMEG) space. The Group is also in the business of engineering, procurement and construction (EPC) projects. The company's consolidated net profit fell marginally to Rs 401.61 crore in Q1 FY25 as against with Rs 403.16 crore posted in Q1 FY24. Revenue from operations stood at Rs 4,698.03 crore in Q1 FY25, up 20.79% as against with Rs 3,889.38 crore posted in Q1 FY24 Powered by Capital Market - Live

Polycab India has emerged as the Lowest Bidder (L1) from Bharat Sanchar Nigam (BSNL) for 'Development (Creation, Upgradation and Operation & Maintenance) of Middle mile network of Bharat Net on Design Build Operate and Maintain (DBOM) Model' - Package 4 (Karnataka, Goa and Puducherry). The cost of the project Rs 4099.69 crore. Powered by Capital Market - Live