BAJAJ BROKING
Polycab Q2 Earnings: Explore the latest results, news, and key highlights. Get updated on Polycab's financial performance for 2024, including a 30% revenue increase and ₹445.2 crore PAT for Q2 FY24-25.
Polycab India Limited has reported an impressive financial performance for Q2 FY24-25, with consolidated revenue rising by 30% year-on-year (YoY) to ₹5,498.4 crore. The company's profit after tax (PAT) grew by 4% YoY, reaching ₹445.2 crore. These results underscore the company's strong market position and operational efficiency, marking Polycab's highest-ever second-quarter revenue.
Polycab reported a consolidated revenue of ₹5,498.4 crore for Q2 FY25, reflecting a 30% increase from the same period last year. This strong growth was primarily driven by the company’s wires and cables segment. The EBITDA for the quarter stood at ₹631.6 crore, representing a 4% YoY increase. Despite market challenges, Polycab’s profit after tax (PAT) for the quarter rose by 4% to ₹445.2 crore.
Wires and Cables Segment
The Wires and Cables business reported a 23% YoY revenue growth, reaching ₹4,719.7 crore, driven by favorable commodity prices and strong domestic demand.
The international business saw an impressive 36% quarter-on-quarter (QoQ) growth, contributing 6.1% to the overall revenue.
FMEG revenue surged by 18% YoY to ₹397.5 crore, mainly driven by strategic channel expansions and strong online sales growth, especially in the Fan segment.
Other Businesses
The EPC (Engineering, Procurement, and Construction) business recorded a staggering 241% YoY growth, contributing ₹585.2 crore to the total revenue.
Polycab’s results met and exceeded sector expectations, particularly in its wires and cables division, which continues to be a leader in the market. The company's expanding presence in the fast-moving electrical goods (FMEG) space also demonstrates its ability to capture market demand in diverse segments. With increasing demand in the real estate and infrastructure sectors, Polycab is well-positioned for continued growth.
Mr. Inder T. Jaisinghani, Chairman and Managing Director of Polycab India Limited, expressed confidence in the company’s future growth prospects. He credited the company's outstanding performance to strong market demand, operational efficiency, and Polycab’s ability to execute across all segments. He also highlighted the company's plans to leverage government initiatives and private investments to sustain long-term growth.
Particulars | Q2 FY25 (₹ in Cr) | Q2 FY24 (₹ in Cr) | H1 FY25 (₹ in Cr) | H1 FY24 (₹ in Cr) |
Revenue from Operations | 5,498.40 | 4,217.70 | 10,196.50 | 8,107.10 |
PAT | 445.2 | 429.7 | 846.8 | 832.9 |
Wires and Cables Revenue | 4,606.70 | 3,804.70 | 8,463.90 | 7,227.40 |
FMEG Revenue | 397.5 | 330 | 767.5 | 640.9 |
EPC Revenue | 548.8 | 150 | 1,030.40 | 283.5 |
Polycab India Limited’s Q2 FY25 results highlight its ability to deliver strong financial performance despite competitive market conditions. With impressive revenue growth and solid profitability, the company is well-positioned to continue its leadership in the electrical goods sector. The continued demand across the wires and cables segment, as well as expansion in FMEG, positions Polycab for sustained growth in the coming quarters.
Source: Polycab Q2 Results FY’24-25 Press Release as Submitted on BSE.
Check out Polycab's past performances in previous quarters and financial years.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
BEL Secures Orders Worth ₹973 Crore, Achieves 40% of FY25 Target
24 Dec, 2024 | 2 Min. read
Adani Defence Acquires 85.8% Stake in Air Works for ₹400 Crore
24 Dec, 2024 | 2 Min. read
US FDA Restricts Imports of Viatris Drugs Manufactured at Indian Facility
24 Dec, 2024 | 2 Min. read
TVS Motor Acquires Majority Stake in DriveX with 87.38% Holding
24 Dec, 2024 | 2 Min. read
Share Market Today | Gift Nifty Hints At Flat Opening; Nifty Likely In 23,600-23,900
24 Dec, 2024 | 4 Min. read
Gold Price in India | Gold Prices Gain as Dollar and Yields Ease
23 Dec, 2024 | 40 Min. read
NTPC Green Energy Partners with Bihar for Renewable Energy Push
23 Dec, 2024 | 2 Min. read
NHPC to Invest ₹5,500 Crore in Bihar for Solar, Green Hydrogen
23 Dec, 2024 | 2 Min. read
Piramal Enterprises Approves ₹2,000 Crore Fundraising Plan
23 Dec, 2024 | 2 Min. read
NSE to Exclude 16 Securities from F&O Contracts by Feb 28
23 Dec, 2024 | 2 Min. read
Share Market Today | Gift Nifty Hints At A Positive Start For Indian Markets
23 Dec, 2024 | 4 Min. read
How to Apply for Unimech Aerospace IPO & Check Allotment Status?
23 Dec, 2024 | 3 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading