Polycab India (POLYCAB) — Financial Results

Polycab India delivered record Q3 FY26 results with consolidated revenues growing 46% YoY to cross ₹200 billion on a 9-month basis. Net profit reached ₹6.3 billion, the highest-ever Q3 PAT, reflecting 36% YoY growth despite EBITDA margin pressure from 50% YoY copper inflation. Domestic Wires & Cables surged 59% YoY with ~40% volume growth, while FMEG grew 17% YoY driven by solar expansion (100% growth). Management passed through only 75-80% of commodity cost increases to preserve demand. Strong net cash position of ₹30.3 billion supports ₹10.9 billion capex investment aligned with Project Spring guidance.

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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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