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Polycab India Q4 Results: Revenue Hits ₹5,592 Crore, up 29% YoY!

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Synopsis:

Q4FY24 has proven to be quite profitable for the cable manufacturer. Q4 saw revenue at ₹5,592 Crore, up 29% YoY and PAT at ₹553.5 Crore, up 29% YoY. A ₹30 per share dividend has been proposed.

5 Key Financial Highlights

Quarter four of FY24 has seen Polycab India hit new highs on its growth trajectory. Here are some of the main highlights from the Polycab India Q4 Results:

  • Q4 FY24 Revenue at ₹5,592 Crore, up 29% from ₹4,323.6 Crore YoY 

  • Q4 FY24 EBITDA at ₹761.5 Crore, up 26% YoY

  • Q4 FY24 PAT at ₹553.5 Crore, up 29% from ₹428.7 Crore YoY

  • FY24 Revenue at ₹18,039.4 Crore, up 28% from ₹14,107.7 YoY  

  • FY24 PAT at ₹1,803 Crore, up 41% from ₹1,283 Crore YoY

Explore: Polycab India Limited Share Price

Key Business Updates:

  • FMEG business registered a growth of 17% YoY, as the Company capitalized well on a seasonally strong demand quarter.  

  • Revenue from international operations rebounded during the quarter with a 60% sequential growth.

  • Profitability for the quarter crossed the threshold of ₹500.0 Crore for the first time ever

  • Polycab India had many special projects lined up in FY24 like the Defence Battery Charging Unit, Sikkim, the Mining Project in Seabird Karwar, Karnataka, the Jawahar Tunnel, J&K and the Ayodhya Ram Mandir

  • The company also built a strong team and a digital-first platform/ solution to provide better support to influencers 

Additional ReadQuarterly Results

Profitability Analysis:

Q4FY24 has been a remarkable one for Polycab India. In the quarter the company saw revenue of ₹5,592 Crore, up 29% from ₹4323.6 Crore YoY, EBITDA of ₹761.5 Crore, up 26% YoY and PAT at ₹553.5 Crore, up 29% from ₹428.7 Crore YoY. When it came to its FY24 numbers, Polycab India saw revenue of ₹18,039.4 Crore, up 28% from ₹14,107.7 YoY, EBITDA of ₹2492 Crore, up 35% YoY and PAT of ₹1,803 Crore, up 41% from ₹1,283 Crore YoY. Other than this, Wires & Cables business revenue for Q4 FY24 grew by 22% YoY, the FMEG business registered a growth of 17% YoY and the EBITDA margin for the quarter improved by ~50 bps QoQ to 13.6%. In addition, the company was also a part of many important projects including the Ayodhya Ram Mandir.    

Additional Read: SBI Q4 Results

Major Operational Metrics - Consolidated Q4 (FY2023-24) Financial Results of Polycab India (in ₹ Crore)


Metrics

For Quarter Ended

For Year Ended

Q4FY24

Q3FY24

Q4FY23

FY24

FY23

Revenue From Operations

5592

4340.5

4323.7

18039.4 

14108

PBT

725.3

546.4

573.1

2359.3

1707.3

Profit for the period

553.5

416.5

428.7

1803

1283.1

EBITDA

761.5

569.5

603.2

2492 

1843

The Future of Polycab India

With all the numbers that Polycab India has achieved in its Q4FY24 results, one can observe the growth the company has had in this period and during the whole of FY24. In addition to this, there have also been quite a few other business developments that have proved the profitability of the company. Polycab India also saw that domestically their distribution business continued growing robustly in momentum. It also expanded its global footprint to 79 countries to date. The future for Polycab India, with all of this and more in mind, looks like it is headed for a profitable FY25 too.  

Additional Read: Hindustan Petroleum Q4 Results

Conclusion

With Q4FY24 proving to be significantly profitable for the cable manufacturer, Polycab India has seen new highs this FY24 without a doubt. The company’s Q4 saw revenue of ₹5,592 Crore, up 29% YoY and PAT of ₹553.5 Crore, up 29% YoY. A company’s Board of Directors also recommended ₹30 per share dividend keeping in line with the company's financial success. 

Additional Read: Asian Paints Q4 Results

About The Company:

Polycab India is a company that is known to manufacture and sell wires and cables and fast-moving electrical goods or 'FMEG' under the 'POLYCAB' brand. The company has a range of cables and wires that can be used for any kind of application. Recently, the company also ended up launching a range of electrical products like Fans, Switches, Switchgear, LED lights Solar Inverters etc. 

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.

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Frequently Asked Questions

What was the revenue that Polycab India has been able to make in Q4?

Answer Field

Polycab India in Q4FY24 saw a revenue of ₹5,592 Crore, up 29% from ₹4,323.6 Crore YoY and a revenue of ₹18,039.4 Crore, up 28% from ₹14,107.7 YoY in the whole of FY24.

What are some of the main business updates for Polycab India?

Answer Field

Polycab India has seen a tremendous and positive jump in its number both this quarter and in FY24. However, that isn't the only development the company has seen this quarter or year. Here are some of the top business updates of the company from FY24.:

FMEG business registered a growth of 17% YoY, as the Company capitalized well on a seasonally strong demand quarter.  

Revenue from international operations rebounded during the quarter with a 60% sequential growth.

Profitability for the quarter crossed the threshold of ₹ 5,000 Mn for the first time ever

Polycab India had many special projects lined up in FY24 like the Defence Battery Charging Unit, Sikkim, the Mining Project in Seabird Karwar, Karnataka, the Jawahar Tunnel, J&K and the Ayodhya Ram Mandir

The company also built a strong team and a digital-first platform/ solution to provide better support to influencers

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