Polycab India reported steady growth in consolidated earnings for the quarter ended March 31, 2026, supported by strong revenue expansion across businesses. Revenue from operations rose 26.90% year-on-year (YoY) to ₹8,864.48 crore from ₹6,985.80 crore, while profit attributable to equity shareholders of the parent company increased 6.34% YoY to ₹772.77 crore from ₹726.67 crore.
Total income for the quarter stood at ₹8,924.90 crore compared to ₹7,033.87 crore in the corresponding period last year. Total expenses increased sharply to ₹7,875.61 crore from ₹6,073.31 crore, primarily due to higher material costs, freight expenses and employee-related costs amid business expansion.
At the operating level, EBITDA stood at ₹1,161.31 crore for the quarter, compared to ₹1,025.39 crore in the year-ago period, registering a growth of 13.25%. EBITDA margin, however, declined to 13.10% from 14.68%, indicating pressure on operating profitability due to rising input and operating costs.
Finance costs increased sharply to ₹74.64 crore from ₹32.54 crore, while depreciation and amortisation expense rose to ₹97.80 crore from ₹80.36 crore.
Profit after tax stood at ₹785.60 crore compared to ₹734.36 crore a year ago. Earnings per share (EPS) came in at ₹52.18 versus ₹48.31 in the corresponding quarter last year.
Polycab India is one of India’s leading manufacturers of wires and cables and has a growing presence in the fast-moving electrical goods (FMEG) segment.
The Board has recommended a dividend of 470%, translating into ₹47 per equity share of face value ₹10 each, for the financial year 2025–26, subject to shareholder approval at the ensuing Annual General Meeting.
Overall, the company delivered strong revenue growth during the March quarter, although elevated costs led to a moderation in operating margins despite continued profit growth.