| Management target | Revenue FY30 |
|---|
| Revenue growth | 53% YoY |
|---|---|
| Margins | EBITDA margin at 14.4%; FMEG EBIT reached record 10.1%. |
| Order book | EPC order book close to INR 9,000 - 10,000 crores. |
| Demand visibility | Strong; healthy domestic demand and government infrastructure capex. |
| Management confidence | High; cited resilient operating model and disciplined execution. |
Growth
Consolidated revenue grew 53% YoY; PAT reached a record INR 9,900 million, up 43% YoY. EBITDA margins expanded sequentially to 14.4%.
Outlook
Expects EHV plant commissioning in FY28. Targeting 1.5x-2x industry growth in FMEG. Long-term Wires & Cables EBITDA margin guidance remains 11-13%.
Risks
Geopolitical tensions and logistics disruptions; commodity price volatility; entry of new large competitors in the wires market.
Last quarter's promises, checked
Delivered
- Guided 1.5x-2x FMEG industry growth → delivered 124% (exceeding industry) (= BEAT)
- Guided 1.5x market growth for Wires/Cables → delivered 47% growth (= BEAT)
- Guided FMEG EBITDA 8%-10% by FY30 → delivered 10.1% record EBIT (= BEAT)
Partly delivered
- Guided 11%-13% W&C EBITDA margin → delivered 14.4% (exceeded target range) (= PARTIAL)
Earnings Call Transcript filed with BSE, NSE: POLYCAB. Summary written with AI assistance from the document.
Polycab India Ltd: key numbers
- Share price
- ₹7,680.00
- Market cap
- ₹1,15,743 Cr
- Revenue (annual)
- ₹28,884 Cr
- Net profit (annual)
- ₹2,672 Cr
- P/E (TTM)
- 36.7×Sector 42.1×
- Promoter holding
- 61.44%-0.02% QoQ
- FII holding
- 18.06%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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- Key figure
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