Polycab India Ltd witnessed a surge of over 3% in its stock price after Goldman Sachs (GS) reaffirmed its ‘Buy’ rating on the company. The global investment firm set a target price of ₹6,510 per share, driven by rising demand in the wire and cable industry.
Polycab India shares opened at ₹5,420.00, reaching a high of ₹5,618.60 and a low of ₹5,355.05. The stock’s 52-week high stands at ₹7,605.00, while the 52-week low is ₹4,635.05. As of 12:30 PM, the shares were trading 2.98% higter at ₹5,598.90
Polycab India Q3 Results
Polycab India Ltd has reported strong financial performance for the third quarter of FY25, showcasing impressive year-on-year growth in revenue and operational efficiency. The company’s revenue from operations surged to ₹5,226 crore, marking a 20.4% increase compared to ₹4,340 crore in Q3FY24.
The company’s EBITDA grew significantly by 26.5% YoY to ₹721 crore, with the EBITDA margin expanding to 13.8%, up from 13% in the previous year. This improvement highlights better operational efficiencies, despite rising material costs. However, net profit showed only a modest increase of 0.7% YoY, reaching ₹464.3 crore compared to ₹461 crore in the same period last year.
Segment-wise, the wires and cables division remained the primary revenue driver, generating ₹43,846.34 million in Q3FY25. While the segment witnessed a quarter-on-quarter dip of 7.10%, its profitability remained strong. The FMEG segment recorded a revenue of ₹4,231.76 million, reflecting a 6.46% QoQ growth, and showed improvement in reducing losses. Meanwhile, the ‘Others’ category saw a decline in revenue, contributing ₹4,983.97 million, down 14.83% QoQ.
Despite a 6.56% sequential dip in total revenue, Polycab India’s strong year-on-year growth highlights its resilience and market demand.
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