Polycab India Ltd announced its financial results for the third quarter ended December 31, 2024, showcasing strong year-on-year growth in both revenue and net profit.
Polycab India Q3FY25 Results:
•Revenue from operations: ₹5,226 crore, up 20.4% YoY from ₹4,340 crore in Q3FY24.
•EBITDA: ₹721 crore, registering a growth of 26.5% YoY from ₹570 crore in the year-ago quarter.
•EBITDA margin: Expanded to 13.8% compared to 13% in Q3FY24, reflecting an improvement of 80 basis points.
•Net profit: ₹464.3 crore, marginally higher by 0.7% YoY compared to ₹461 crore in Q3FY24.
The strong revenue growth was supported by robust demand across key segments. The EBITDA margin expansion demonstrates better operational efficiencies, despite a modest rise in net profit.
The growth in revenue highlights the company’s consistent demand across its product portfolio, while the profit increase reflects operational efficiencies despite higher material costs.
Segment Revenue (₹ in million):
- Wires and Cables:
- Q3 FY25: ₹43,846.34
- Q2 FY25: ₹47,199.95
- QoQ Change: -7.10%
- FMEG (Fast Moving Electrical Goods):
- Q3 FY25: ₹4,231.76
- Q2 FY25: ₹3,975.12
- QoQ Change: +6.46%
- Others:
- Q3 FY25: ₹4,983.97
- Q2 FY25: ₹5,852.00
- QoQ Change: -14.83%
Total Revenue: ₹53,063.04
- QoQ Change: -6.56%
Segment Results (Profit/Loss Before Tax, ₹ in million):
- Wires and Cables:
- Q3 FY25: ₹5,792.98
- Q2 FY25: ₹5,903.78
- QoQ Change: -1.88%
- FMEG:
- Q3 FY25: Loss of ₹127.83
- Q2 FY25: Loss of ₹252.46
- QoQ Change: Improved by 49.37%
- Others:
- Q3 FY25: ₹555.70
- Q2 FY25: ₹691.16
- QoQ Change: -19.61%
Total Segment Results: ₹6,331.66
- QoQ Change: -3.67%
Key Highlights:
- The Wires and Cables segment continues to contribute the majority of revenue but saw a 7.10% decline QoQ, reflecting a slowdown.
- FMEG witnessed growth in revenue and a reduction in segment losses, indicating improved performance.
- Other segments saw a notable QoQ decline of 14.83% in revenue.
Polycab India remains focused on expanding its market share and strengthening its position in the wires and cables sector. Further details on segmental performance and future guidance are awaited.
