Polycab India (POLYCAB) — Financial Results

1 Financial Results 🔴 High Importance Neutral 📄 PDF

Polycab India reported consolidated Q2 FY26 revenue of ₹64,772 million, growing 18% YoY and 10% QoQ, driven by robust Wires & Cables performance and FMEG growth. EBITDA surged 62% YoY to ₹10,207 million with margins expanding to 15.8%, while PAT grew 56% YoY to ₹6,930 million with margins improving 260 bps YoY to 10.7%. The W&C segment delivered 21% YoY revenue growth with 270 bps margin expansion, while international business grew 25% YoY, contributing 6.5% to consolidated revenue.

2 Financial Results 🔴 High Importance ✨ Positive 📄 PDF

Polycab India delivered record H1 FY26 revenue of ₹1,23,832 Million, growing 21% YoY, with EBITDA surging 55% YoY to ₹18,784 Million and PAT rising 53% YoY to ₹12,927 Million. Q2 FY26 revenue reached ₹64,772 Million (18% YoY growth), driven by robust Wires & Cables segment performance (21% YoY) across domestic and international markets, supported by FMEG growth of 14% YoY. EBITDA margins improved significantly, with PAT margins at 10.4% for H1, reflecting strong operational leverage.

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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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