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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.
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