Polycab India Limited (POLYCAB) — Financial Results | 14 May 2025

· NSE 🔴 High Importance Neutral
By StockFin Research Team AI-Assisted Analysis Source: BSE/NSE Filings

Polycab India reported record FY25 revenue of ₹220 billion and PAT of ₹20 billion, driven by 27% YoY growth in domestic cable and wire sales and 47% YoY EPC segment growth. EBITDA margin expanded to 13.2% from 12.5% YoY, supported by strong volume growth, premium pricing, and operational leverage. The company reaffirmed its 11-13% EBITDA margin guidance for FY26, targeting 1.5x–2x industry growth by FY30 through Project Spring. Export revenue is expected to reach 10% of total by FY26, with no material tariff impact anticipated. Capex of ₹9.6 billion was deployed in FY25, including ₹1.3 billion in Q4, focused on capacity expansion and EPC projects like the ₹30 billion BSNL contract.

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About Polycab India Limited (POLYCAB)

Capital Goods · Industrial Products · Listed on NSE

Market Cap: ₹1,37,797.43 Cr P/E: 74.8

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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