The company’s net profit rose to Rs 630 crore in the third quarter of the current financial year
Marking a healthy improvement in its performance, Polycab India, a manufacturer of wires and cables and a fast-moving electrical goods (FMEG) company has seen a 36 per cent uptick in its net profit for the third quarter of the current financial year. The company’s net profit rose to Rs 630 crore in Q3FY26.
The financial results of the company revealed that the Q3FY26 revenue rose to Rs 7,636 crore, marking a 46 per cent growth on a year-on-year (YoY) basis. The earnings before interest, tax, depreciation and amortisation (ebitda) marked an uptick of 34 per cent YoY and rose to Rs 966 crore.
“Q3 marked a record-breaking quarter for the Company, with revenues at an all-time high, driven by strong execution in the W&C business and sustained momentum in the FMEG segment. The domestic business delivered exceptional performance, reflecting robust demand conditions and continued market share gains,” highlighted Inder T Jaisinghani, Chairman and Managing Director, Polycab India.
On the basis of recommendation of the Nomination and Remuneration Committee, the board of directors, approved the re-designation of Bharat A Jaisinghani and Nikhil R Jaisinghani from Executive Director to Joint Managing Director with immediate effect, subject to approval of the shareholders of the company.
The W&C segment delivered 53 per cent YoY growth for the quarter, driven by domestic performance with 59 per cent growth, supported by healthy demand and sustained commodity price inflation. Within the cables segment, institutional sales growth outpaced channel sales growth. The international business recorded a marginal year-on-year increase, contributing 6 per cent to consolidated revenues.
The company stated that the strategic decision to defer the pass-through of elevated input cost to protect demand, coupled with an unfavourable mix shift towards lower export contribution and higher institutional sales resulted in a margin decline of around 300 basis points quarter-on-quarter to 12.1 per cent. The FMEG segment demonstrated continued momentum, recording 17 per cent YoY growth in the quarter.
The revenue for the nine months of the current financial year (9MFY26) stood at Rs 20,019 crore, an uptick of 30 per cent on a YoY basis. The net profit during the same period grew 47 per cent to Rs 1,922 crore.
