| Revenue growth | 29% YoY for FY26; ₹288.8Bn achieved. |
|---|---|
| Margins | FY26 PAT margin 9.4%. W&C margins within 12-14% guided range. |
| Order book | Healthy order book maintained in EPC segment. |
| Demand visibility | Strong execution under Project Spring; domestic W&C market share gained. |
Growth
Q4FY26 revenue grew 27% YoY; PAT grew 7% YoY. FY26 PAT rose 32% YoY to ₹27.1Bn.
Outlook
FY26 capex at ₹14.8Bn. Project Spring targets EBITDA margins of 11-13% for W&C and 8-10% for FMEG by FY30.
Risks
Unfavorable product mix and lower export contributions impacted quarterly margins. Industry headwinds noted in domestic W&C.
Earnings Call filed with BSE, NSE: POLYCAB. Summary written with AI assistance from the document.
Polycab India Ltd: key numbers
- Share price
- ₹8,310.00
- Market cap
- ₹1,25,229 Cr
- Revenue (annual)
- ₹28,884 Cr
- Net profit (annual)
- ₹2,672 Cr
- P/E (TTM)
- 43.7×Sector 45.6×
- Promoter holding
- 61.46%-0.04% QoQ
- FII holding
- 19.00%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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