| Revenue growth | FY26 grew 29% YoY; Q4 grew 27% YoY. |
|---|---|
| Margins | FY26 EBITDA margin expanded to 13.9%; Q4 EBIT margin 13.1%. |
| Order book | Healthy order book; government infra spending remains a steady anchor. |
| Demand visibility | Strong 24-36 month outlook driven by power and real estate capex. |
| Management confidence | Confident in 1.5x-2x industry growth and structural domestic demand. |
Growth
FY26 revenue up 29%, PAT up 32%. Q4 revenue grew 27% YoY; PAT up 7% to INR 7.9bn.
Outlook
Project Spring targets INR 60-80bn capex over 5 years; aiming for >10% export contribution by FY30.
Risks
Geopolitical volatility in Middle East impacting exports and trade sentiment; sharp rise in crude and PVC prices.
Earnings Call filed with BSE, NSE: POLYCAB. Summary written with AI assistance from the document.
Polycab India Ltd: key numbers
- Share price
- ₹8,147.00
- Market cap
- ₹1,22,772 Cr
- Revenue (annual)
- ₹28,884 Cr
- Net profit (annual)
- ₹2,672 Cr
- P/E (TTM)
- 42.9×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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