Polycab India's Q3 FY 2025-26 Quarterly Results

Result Summary

• Polycab India Ltd reported a 17.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 46.4%.
• Its expenses for the quarter were up by 22.2% QoQ and 47.7% YoY.
• The net profit decreased 9.1% QoQ and increased 35.7% YoY.
• The earnings per share (EPS) of Polycab India Ltd stood at 41.19 during Q3 FY 2025-26.

Financial Statments for Q3 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Polycab India Ltd is a well-known company operating in the electrical industry, primarily engaged in the business of manufacturing and selling wires and cables. The company has expanded its product portfolio to include a range of electrical solutions, including switches, lighting, fans, and other electrical appliances. Polycab has established itself as a leader in the domestic market due to its extensive distribution network and a strong brand presence. As of the latest updates available, Polycab continues to focus on expanding its product offerings and increasing its market penetration. The company has been proactive in leveraging technological advancements to enhance its manufacturing capabilities and product quality. There are no specific major recent developments available from the data provided.

Revenue

For the third quarter of the fiscal year 2026, Polycab India Ltd reported a total income of ₹7686.58 crores. This represents a significant increase of 17.8% over the preceding quarter (Q2FY26) where total income stood at ₹6522.64 crores. Compared to the same quarter in the previous fiscal year (Q3FY25), there is a notable year-over-year increase of 46.4% from ₹5251.07 crores. Such growth in total income may reflect the company's efforts in expanding its market share and enhancing its product offerings. The consistent growth over both the quarter and the year may be indicative of a robust demand for the company's products and effective business strategies.

Profitability

The profitability segment of Polycab India Ltd for Q3FY26 shows a profit before tax (PBT) of ₹842.20 crores, which marks a decline of 8.6% from the previous quarter's PBT of ₹921.00 crores. However, when compared year-over-year, there is an increase of 36.6% from the PBT of ₹616.57 crores recorded in Q3FY25. The company's profit after tax (PAT) for Q3FY26 is ₹630.17 crores, showing a decrease of 9.1% from Q2FY26's PAT of ₹692.96 crores, but a year-over-year increase of 35.7% from ₹464.35 crores in Q3FY25. The earnings per share (EPS) for Q3FY26 is ₹41.19, reflecting a decrease of 9.4% from Q2FY26's EPS of ₹45.46 but an increase of 35.9% from the EPS of ₹30.31 in Q3FY25. These metrics highlight a mixed performance with strong year-over-year growth but a decline in quarter-over-quarter profitability.

Operating Metrics

Polycab India Ltd's operating metrics indicate a total expense of ₹6844.39 crores for Q3FY26, which has increased by 22.2% from ₹5601.64 crores in Q2FY26 and by 47.7% from ₹4634.50 crores in Q3FY25. The tax expense for the quarter is ₹212.03 crores, showing a reduction of 7.0% from ₹228.04 crores in the previous quarter but a year-over-year increase of 39.3% from ₹152.22 crores in Q3FY25. These figures suggest substantial growth in operational costs over both the quarter and the year, possibly due to increased production activities or expansion-related expenditures. The decrease in tax expenses from the previous quarter may be reflective of tax planning strategies or changes in taxable income.