Cable Manufacturer Announces its Q4 Results: Profit Rises 7% to Rs 786 Crore, Dividend Announced at Rs 47 Per Share

Polycab India Limited shares surged over 6 per cent in early trade on May 7 after the company reported strong March quarter earnings, supported by robust revenue growth across key business segments.

The stock climbed 5.64 per cent to Rs 8,893 on the NSE and touched an Intraday high of Rs 8,940, which also marked its 52-week high. The rally was accompanied by healthy trading volumes during the opening session.

Polycab India reported consolidated revenue of Rs 8,865 crore for the quarter ended March 31, 2026, registering a growth of 27 per cent year-on-year compared to the corresponding quarter last year.

Net profit for the quarter increased 7 per cent year-on-year to Rs 786 crore. EBITDA rose 13 per cent to Rs 1,161 crore, while EBITDA margin stood at 13.1 per cent. The company said that strong execution across its core business segments supported the quarterly performance.

The wires and cables business continued to remain the company’s largest revenue contributor and recorded growth of 30 per cent year-on-year during the quarter. According to the management, the segment benefited from strong domestic demand and improved execution. Within the category, cables witnessed stronger growth compared to wires.

Polycab’s fast-moving electrical goods (FMEG) segment posted strong momentum during the quarter, with revenue increasing 47 per cent year-on-year. The company highlighted that Solar products were a major growth driver, with sales in the category nearly doubling during the period.

The Engineering, Procurement and Construction (EPC) business reported weaker performance during the quarter. Revenue from the EPC segment declined 15 per cent year-on-year due to project execution timing cycles. The segment reported an EBIT margin of 7.6 per cent.

Despite challenges from business mix changes and higher institutional sales contribution, Polycab maintained its EBITDA margin within its guided range of 12 to 14 per cent. The company noted that operational leverage and sales mix impacted overall margins during the quarter.

Polycab India described FY26 as its best-ever annual financial performance. For the full financial year, revenue increased 29 per cent year-on-year to Rs 28,884 crore. Profit Before Tax rose 35 per cent to Rs 4,006 crore, while Profit After Tax climbed 32 per cent to Rs 2,708 crore. The company reported a net profit margin of 9.4 per cent for FY26.

The board of directors recommended a Dividend of Rs 47 per share for FY26, reflecting the company’s strong financial performance and healthy cash generation.

As of March 2026, Polycab India’s cash balance stood at Rs 4,190 crore, compared to Rs 2,460 crore in the same period a year ago. The company also stated that it continued gaining market share through the execution of its “Project Spring” strategy.

Disclaimer: The article is for informational purposes only and not investment advice.