Consolidated net sales (including other operating income) of Polycab India for the quarter ended Jun 2025 has increased 25.71% to Rs 5905.98 crore. Operating profit margin has jumped from 12.42% to 14.52%, leading to 47.01% rise in operating profit to Rs 857.60 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 70.87% to 68.90%. Purchase of finished goods cost fell from 3.07% to 2.07%. Employee cost increased from 2.78% to 3.60%. Other expenses fell from 12.73% to 11.31%. Selling and administration expenses fell from 0.43% to 0.25%. Freight charges rose from 1.42% to 1.61%. Other direct service cost fell from 5.15% to 2.91%. Other income rose 36.88% to Rs 79.95 crore. PBIDT rose 46.08% to Rs 937.55 crore. Provision for interest rose 24.12% to Rs 51.26 crore. PBDT rose 47.59% to Rs 886.29 crore. Provision for depreciation rose 27.68% to Rs 85.7 crore. Profit before tax grew 50.10% to Rs 800.59 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 200.89 crore, compared to Rs 131.75 crore. Effective tax rate was 25.09% compared to 24.70%. Minority interest increased 33.69% to Rs 7.58 crore. Net profit attributable to owners of the company increased 49.54% to Rs 592.12 crore. Sales of Wires and Cables segment has gone up 32.64% to Rs 5,228.65 crore (accounting for 86.71% of total sales). Sales of FMEG segment has gone up 17.83% to Rs 454.23 crore (accounting for 7.53% of total sales). Sales of EPC segment fell 33.12% to Rs 347.41 crore (accounting for 5.76% of total sales). Inter-segment sales came down from Rs 128.88 crore to Rs 105.69 crore. Profit before interest, tax and other unallocable items (PBIT) has jumped 45.99% to Rs 804.57 crore. PBIT of Wires and Cables segment rose 54.68% to Rs 768.27 crore (accounting for 95.49% of total PBIT). PBIT of FMEG reported profit of Rs 9.55 crore compared to loss of Rs 2.81 crore. PBIT of EPC segment fell 53.27% to Rs 26.75 crore (accounting for 3.33% of total PBIT). PBIT margin of Wires and Cables segment rose from 12.60% to 14.69%. PBIT margin of FMEG segment rose from negative 0.73% to 2.10%. PBIT margin of EPC segment fell from 11.02% to 7.70%. Overall PBIT margin rose from 11.37% to 13.34%. Full year results analysis.
Net sales (including other operating income) of Polycab India has increased 24.22% to Rs 22408.31 crore. Sales of Wires and Cables segment has gone up 19.43% to Rs 19,236.63 crore (accounting for 84.23% of total sales). Sales of FMEG segment has gone up 29.52% to Rs 1,682.18 crore (accounting for 7.37% of total sales). Sales of EPC segment rose 74.35% to Rs 1,919.24 crore (accounting for 8.40% of total sales). Inter-segment sales rose Rs 367.67 crore to Rs 377.16 crore. Profit before interest, tax and other unallocable items (PBIT) has jumped 15.50% to Rs 2,762.03 crore. PBIT of Wires and Cables segment rose 11.00% to Rs 2,620.32 crore (accounting for 94.87% of total PBIT). PBIT of FMEG segment rose 58.68% to Rs -38.93 crore (accounting for -1.41% of total PBIT). PBIT of EPC segment rose 44.72% to Rs 180.64 crore (accounting for 6.54% of total PBIT). PBIT margin of Wires and Cables segment fell from 14.66% to 13.62%. PBIT margin of FMEG segment rose from negative 7.25% to negative 2.31%. PBIT margin of EPC segment fell from 11.34% to 9.41%. Overall PBIT margin fell from 12.92% to 12.09%. Operating profit margin has declined from 13.81% to 13.21%, leading to 18.80% rise in operating profit to Rs 2,960.24 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 68.59% to 67.44%. Purchase of finished goods cost fell from 3.07% to 2.66%. Employee cost decreased from 3.30% to 3.22%. Other expenses rose from 11.55% to 13.73%. Selling and administration expenses fell from 1.08% to 0.53%. Freight charges fell from 1.89% to 1.64%. Other direct service cost rose from 2.57% to 5.50%. Other income fell 5.99% to Rs 207.64 crore. PBIDT rose 16.78% to Rs 3167.88 crore. Provision for interest rose 55.93% to Rs 168.93 crore. Loan funds rose to Rs 202.44 crore as of 31 March 2025 from Rs 161.09 crore as of 31 March 2024. Inventories declined from Rs 3,675.11 crore as of 31 March 2024 to Rs 3,661.30 crore as of 31 March 2025. Sundry debtors were higher at Rs 2,596.27 crore as of 31 March 2025 compared to Rs 2,047.12 crore as of 31 March 2024. Cash and bank balance rose to Rs 770.64 crore as of 31 March 2025 from Rs 402.36 crore as of 31 March 2024. Investments declined from Rs 1,822.42 crore as of 31 March 2024 to Rs 1,749.04 crore as of 31 March 2025. PBDT rose 15.15% to Rs 2998.95 crore. Provision for depreciation rose 21.65% to Rs 298.1 crore. Fixed assets increased to Rs 3,709.45 crore as of 31 March 2025 from Rs 2,911.34 crore as of 31 March 2024. Intangible assets increased from Rs 4.62 crore to Rs 9.85 crore. Profit before tax grew 14.48% to Rs 2,700.85 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 655.31 crore, compared to Rs 556.38 crore. Effective tax rate was 24.26% compared to 23.58%. Minority interest increased 35.40% to Rs 25.55 crore. Net profit attributable to owners of the company increased 13.22% to Rs 2,019.99 crore. Equity capital increased from Rs 150.24 crore as of 31 March 2024 to Rs 150.43 crore as of 31 March 2025. Per share face Value remained same at Rs 10.00. Promoters’ stake was 63.04% as of 31 March 2025 ,compared to 65.24% as of 31 March 2024 . Cash flow from operating activities increased to Rs 1,808.53 crore for year ended March 2025 from Rs 1,296.24 crore for year ended March 2024. Cash flow used in acquiring fixed assets during the year ended March 2025 stood at Rs 969.73 crore, compared to Rs 858.52 crore during the year ended March 2024.
| Polycab India : Consolidated Results | | | Quarter ended | Year ended |
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| Particulars | 202506 | 202406 | Var.(%) | 202503 | 202403 | Var.(%) |
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| Net Sales (including other operating income) | 5,905.98 | 4,698.03 | 25.71 | 22,408.31 | 18,039.44 | 24.22 | | OPM (%) | 14.52 | 12.42 | 210 bps | 13.21 | 13.81 | -60 bps | | OP | 857.60 | 583.38 | 47.01 | 2,960.24 | 2,491.80 | 18.80 | | Other Inc. | 79.95 | 58.41 | 36.88 | 207.64 | 220.88 | -5.99 | | PBIDT | 937.55 | 641.79 | 46.08 | 3,167.88 | 2,712.68 | 16.78 | | Interest | 51.26 | 41.30 | 24.12 | 168.93 | 108.34 | 55.93 | | PBDT | 886.29 | 600.49 | 47.59 | 2,998.95 | 2,604.34 | 15.15 | | Depreciation | 85.7 | 67.12 | 27.68 | 298.1 | 245.04 | 21.65 | | PBT | 800.59 | 533.37 | 50.10 | 2700.85 | 2359.3 | 14.48 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 800.59 | 533.37 | 50.10 | 2700.85 | 2359.3 | 14.48 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 800.59 | 533.37 | 50.10 | 2700.85 | 2359.3 | 14.48 | | Taxation | 200.89 | 131.75 | 52.48 | 655.31 | 556.38 | 17.78 | | PAT | 599.7 | 401.62 | 49.32 | 2045.54 | 1802.92 | 13.46 | | Minority Interest (MI) | 7.58 | 5.67 | 33.69 | 25.55 | 18.87 | 35.40 | | Net profit | 592.12 | 395.95 | 49.54 | 2019.99 | 1784.05 | 13.22 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 592.12 | 395.95 | 49.54 | 2019.99 | 1784.05 | 13.22 | | EPS (Rs)* | 39.34 | 26.31 | 49.54 | 134.21 | 118.54 | 13.22 | | | * EPS is on current equity of Rs 150.51 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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| Polycab India : Consolidated Segment Results | | | Quarter ended | Year ended |
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| % of (Total) | 202506 | 202406 | Var.(%) | % of (Total) | 202503 | 202403 | Var.(%) |
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| Sales | | Wires and Cables | 86.71 | 5,228.65 | 3,942.13 | 32.64 | 84.23 | 19,236.63 | 16,107.25 | 19.43 | | FMEG | 7.53 | 454.23 | 385.49 | 17.83 | 7.37 | 1,682.18 | 1,298.82 | 29.52 | | EPC | 5.76 | 347.41 | 519.42 | -33.12 | 8.40 | 1,919.24 | 1,100.81 | 74.35 | | Copper | 0.00 | 0.00 | 0.00 | - | | Total Reported Sales | 100.00 | 6,030.29 | 4,847.03 | 24.41 | 100.00 | 22,838.05 | 18,506.88 | 23.40 | | Less: Inter segment revenues | | 105.69 | 128.88 | -17.99 | | 377.16 | 367.67 | 2.58 | | Net Sales | 100.00 | 5,924.60 | 4,718.15 | 25.57 | 100.00 | 22,460.88 | 18,139.21 | 23.83 | | PBIT | | Wires and Cables | 95.49 | 768.27 | 496.68 | 54.68 | 94.87 | 2,620.32 | 2,360.66 | 11.00 | | FMEG | 1.19 | 9.55 | -2.81 | LP | -1.41 | -38.93 | -94.20 | 58.68 | | EPC | 3.33 | 26.75 | 57.25 | -53.27 | 6.54 | 180.64 | 124.82 | 44.72 | | Copper | 0.00 | 0.00 | 0.00 | - | | Total PBIT | 100.00 | 804.57 | 551.12 | 45.99 | 100.00 | 2,762.03 | 2,391.28 | 15.50 | | Less : Interest | | 51.26 | 41.30 | 24.10 | | 168.93 | 108.34 | 55.92 | | Add: Other un-allcoable | | 47.28 | 23.55 | 100.74 | | 107.74 | 76.36 | 41.10 | | PBIT Margin(%) | | Wires and Cables | | 14.69 | 12.60 | 209.40 | | 13.62 | 14.66 | -103.44 | | FMEG | | 2.10 | -0.73 | 283.17 | | -2.31 | -7.25 | 493.83 | | EPC | | 7.70 | 11.02 | -332.10 | | 9.41 | 11.34 | -192.69 | | Copper | | 0.00 | 0.00 | 0.00 | | PBT | 100.00 | 800.59 | 533.37 | 50.10 | 100.00 | 2,700.85 | 2,359.30 | 14.48 |
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