Polycab India Q3 Results: Company to surpass FY26 revenue guidance of Rs 20,000 crore, wires and cable business may grow 1.5x

The company announced that it expects to surpass its FY26 topline guidance of ₹20,000 crore by FY25 itself, driven by strong demand across its key business segments. In its wires and cables business, Polycab anticipates 1.5x growth over the next five years with EBITDA margins in the range of 11-13%.

Polycab India Ltd. reported a robust Q3FY25 performance, with revenue and profitability showing significant growth, while the company also revised its future guidance to reflect strong momentum across its business segments.

Polycab’s revenue from operations stood at ₹5,226 crore, marking a 20.4% increase compared to ₹4,340 crore in Q3FY24. Net profit rose marginally by 0.7% to ₹464 crore from ₹461 crore in the year-ago period. EBITDA saw a strong rise of 26.5% year-on-year, reaching ₹721 crore, while EBITDA margins improved to 13.8%, expanding by 80 basis points.

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The company announced that it expects to surpass its FY26 topline guidance of ₹20,000 crore by FY25 itself, driven by strong demand across its key business segments. In its wires and cables business, Polycab anticipates 1.5x growth over the next five years with EBITDA margins in the range of 11-13%. The fast-moving electrical goods (FMEG) segment is expected to achieve 1.5-2x growth over the same period, with EBITDA margins projected between 8-10%. Polycab also highlighted that exports will contribute more than 10% to revenue in the next five years as the company continues to expand its global footprint.

Additionally, the company expects the sustainable operational margins in its EPC business to remain in the high single digits over the mid-to-long term. Polycab also pointed to a robust order book that is expected to sustain the growth momentum in Q4FY25 and beyond.

Polycab’s strong execution capabilities and strategic focus position it well to capitalize on both domestic and international growth opportunities. The company’s revised guidance reflects confidence in scaling its wires and cables and FMEG businesses while maintaining healthy margins across its portfolio. With exports playing a larger role in revenue generation, Polycab is on track to solidify its leadership in the sector.

The Q3FY25 results and revised guidance underline Polycab’s ability to consistently outperform market expectations, demonstrating its strength in operational execution and long-term growth strategies.